Facebook attempts to address concerns expressed by regulators on the original proposal
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
Clifford Chance
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
R3 powers Credit Suisse and ING live securities lending transaction debut
First live transaction using HQLAx’s securities lending app on R3’s Corda blockchain platform.
Video: Dermot Turing, Clifford Chance, at International Payments 2013
Dermot Turing, partner at Clifford Chance, told the IPS conference that regulators are hampering innovation by making it hard for the industry to collaborate though application of competition law. He advocates that banks – particularly from the transaction and payments world – should be educating the regulators in order to get better regulations.
