STABLECOIN DIGEST 14.08.2020
Regulation and monetary policy
Russia Is Set to Create a New Regime for Tokenized Securities
https://cointelegraph.com/news/russia-is-set-to-create-a-new-regime-for-tokenized-securities?utm_source=Telegram&utm_medium=social
The new Russian “crypto” law provides a regulatory regime for tokenized securities and has no regulation for cryptocurrencies.
New York Financial Regulator Greenlights 10 Tokens for Custody
The regulator responsible for issuing licenses to crypto firms in NY greenlisted 8 coins for trading, including all 3 Paxos tokens.
Cyprus SEC Blacklists 7 Investment and Crypto-Related Websites
The Cyprus Securities and Exchange Commission blacklists another batch of allegedly illegal firms offering crypto and FX trading.
Report: Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank
Alleged attempts to bring Binance CEO CZ on as anchor shareholder in a troubled Liechtenstein bank have reportedly been blocked by regulators.
Venezuela May Soon Be Collecting Taxes in Crypto
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.
Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan
China’s CBDC is on its way to Hong Kong.
New Bill in Germany Proposes to Digitize Securities With Blockchain
The arrival of digitized securities is one of the core aspects of the federal government’s blockchain strategy, German authorities say.
Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law
Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules.
Crypto Exchange Wants to Make Peer-to-Peer Payments Simpler
A crypto exchange has come a long way since launching in March and now offers a branded Visa card and feeless peer-to-peer payment platform.
Binance Stablecoin Gets Approval from New York Regulator
https://www.coinspeaker.com/binance-stablecoin-new-york-approval/
Binance announced on Friday that its stablecoin has been given the nod by the financial regulatory body in New York. With this development, the final barrier to the use of the currency by financial institutions has been removed.
Analytics and opinions
Mobile DeFi and the Shift Toward Self-Sovereignty
Decentralized technology is liberating yet intimidating to crypto-beginners. How can DeFi projects ease this transition for users?
The Top 5 Trends Defining Crypto in Late 2020
What are some trends in the crypto and blockchain space that may take hold and remain ongoing throughout the rest of 2020?
A City in South Korea Is Expanding Its Blockchain Payment Program
South Korea’s “Silicon Valley” continues its love affair with Blockchain technology.
DeFi Token Serum Surges 1500% in 12 Hours After Listing
The DeFi boom continues with a new decentralized derivatives exchange token mooning hours after it was launched.
Token Launches From Ethereum to Telegram: Where Do We Go From Here?
The time has come for policymakers and regulators to provide a workable pathway that allows blockchain tech to develop and grow.
Peter Brandt’s Tether Warning Is Ominous, But Unclear
Peter Brandt didn’t mince his words when describing the controversial stablecoin.
First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins
In digital-asset markets, stablecoins like tether and USDC are supposed to represent $1 of value. But their prices often fluctuate on the pubescent trading platforms of decentralized finance, or DeFi.
PAX Gold: Crypto backed by gold but outperforms gold
It’s crypto. It’s physical gold. And recently, it was approved by the New York State Department of Financial Services for custody and listing. It’s a product from the crypto-verse that combines gold and crypto into a single unit.
New projects, partnerships, and investments
New Blockchain Platform Aims to Help Countries Issue CBDCs More Easily
Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches.
Crypto Exchange Wants to Make Peer-to-Peer Payments Simpler
A crypto exchange has come a long way since launching in March and now offers a branded Visa card and feeless peer-to-peer payment platform.
IFPS Protocol and USDT Deposits Added to Crypto Fund Platform
https://cointelegraph.com/news/ifps-protocol-and-usdt-deposits-added-to-crypto-fund-platform?utm_source=Telegram&utm_medium=social
A platform allowing investors to acquire shares in tokenized portfolios operated by experienced traders has unveiled a range of new features.
