FT: Facebook in talks with US regulator over digital currency

Author: Eamonn Sheridan | Category: Cryptocurrency

The Financial Times reports that Facebook continues to negotiate with the CFTC over plans for a digital currency.

  • Will be a part of Facebook push in to payments, a new digital payments network to allow users to transfer money, buy items on the platform, its apps Instagram and WhatsApp, and across the wider net.
  • plans a a "stablecoin" (a digital coin pegged to a fiat currency)
  • Commodity Futures Trading Commission said its in "very early stages of conversations" with Facebook
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