Monthly Archives: September 2019

ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’

Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published on Sept. 2. Per the report, he said that private currencies have little or no prospect […]

India: 5 Arrested for Allegedly Torturing Bitcoin Businessman to Death

Five men in the Indian state of Kerala have been arrested for allegedly torturing the head of a failed $62.5 million Bitcoin investment scheme to death. Yahoo! News reported the news on Sept. 2. Killers believe victim defrauded investors According to the report, the Dehradun police in Uttarakhand were alerted to the incident […]

‘Buy Bitcoin’ Says Expert as Argentina Imposes $10K Limit for Citizens

Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against major fiat currencies such as the U.S. dollar. Argentina puts $10K limit on dollar access […]