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European Countries Step Up Response to Facebook’s Libra

<header class=”article__header”> </header> <strong>The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws.</strong> Also read: …

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Paris is testing ‘noise radar’ that will automatically ticket loud cars

Sponsored Links REUTERS/Charles Platiau Parisians with powerful cars might want to think carefully before showing off their rides. Parts of the city (most recently the suburb of Villeneuve-le-Roi) are testing a “noise radar” system from Bruitparif that can pinpoint loud vehicles and, eventually, ticket them. The system uses four microphones to triangulate the origins of …

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French Police Shut Down 850,000 Computer Botnet Used for Cryptojacking

French police have shut down a massive botnet that has been used for Monero (XRM) cryptojacking.  Cryptojacking backed by “massive firepower” BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pictures or fast cash, and further propogated through infected USB …

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Macron claims deal to end digital service tax fight with the US

Enlarge / France’s President Emmanuel Macron (R) and US President Donald Trump shake hands during a joint-press conference in Biarritz, France, on August 26, 2019. LUDOVIC MARIN/AFP/Getty Images The United States and France have reached a deal over the taxation of digital services, French President Emmanuel Macron said at a Monday news conference alongside US …

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Researchers Find Monero Mining Malware That Hides From Task Manager

Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.  Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.  Hackers …

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

</header> <strong>Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive …

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SEC Commissioner: US Could Draw Crypto Policy From These Countries

<header class=”article__header”> </header> <strong>The U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing applicable crypto frameworks of several countries.</strong> Also read: G20 Leaders Issue Declaration on Crypto …

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Trump threatens retaliation against France over digital service tax

Enlarge / US President Donald Trump speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Saturday, March 2, 2019. Getty Images | Bloomberg US President Donald Trump is threatening to retaliate after French President Emmanuel Macron signed legislation imposing a 3% tax on digital transactions. “France just put a digital tax …

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G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

<header class=”article__header”> </header> <strong>G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast </strong><strong>regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.</strong> Also read: G20 Leaders Issue Declaration on Crypto Assets – A …

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

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