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
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose