According to a statement by Facebook Vice President David Marcus, there is a high probability that the platform will not introduce the possibility of cryptocurrency payments. What confuses Facebook representatives most is the high cost of transactions and the low speed of their transfer.
It is unclear whether registration will be open to retail clients or whether this news only concerns corporate users and experienced traders.
On Friday, the state's Securities and Exchange Commission issued its fourth cease-and-desist order in a month regarding cryptocurrencies.
The Italian government is waiting for comments on its proposed set of rules for regulating digital currency, the main task of which is to clarify the situation regarding its use in the country.
Deputy Prime Minister of Singapore Tharman Shanmugaratnam said that there is no reason yet to introduce a ban on digital currency in the city-state. At the same time, the Central Bank of Singapore is studying the potential risks associated with the cryptocurrency market, reports Reuters.
Singapore Airlines plans to use blockchain technology to give loyal customers the ability to spend their accumulated miles in new ways.
According to CoinDesk, Marco Santori, who has long been a professional lawyer in the cryptocurrency industry, has become president and director of Blockchain's legal department. The development of new company policies, as well as issues of its expansion, will take place under his jurisdiction.
Consumers should be wary of cryptocurrency retirement accounts that purport to be approved by the Internal Revenue Service, the Commodity Futures Trading Commission (CFTC) warns.
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