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Regulation and monetary policy
Japanese Internet Giant Receives License to Issue First Yen-pegged Stablecoin
GMO Internet, a Japanese Internet conglomerate that offers a wide range of services, including domain hosting and online advertising, has received a license from the New York Department of Financial Services (NYDFS) that allows it to "issue, administer and redeem" Japanese yen (JPY) as well as stablecoins linked to the US dollar in New York.
Ukraine to Facilitate CBDC Development with Stellar Foundation
Ukraine has signed a Memorandum of Understanding (MoU) with the Stellar Development Foundation (SDF) to develop a strategy for the country's digital currency.
US Banks Receive Approval to Issue Stablecoins
The US Office of the Comptroller of the Currency (OCC) shared a statement according to which banks are allowed to run independent nodes and distributed networks as well as issue their own stablecoins.
Kyrgyzstan's central bank opens up crypto draft laws to public discussion
The central bank of The Kyrgyz Republic has drafted regulations that recognize cryptocurrency exchanges in the country for the first time.
UK crypto community reacts as FCA derivatives ban goes into effect
The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force.
Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins
In addition to trying to define stablecoins, the UK is looking to establish how close it wants its crypto laws to be to other countries.
Analytics and opinions
Bitcoin, stablecoins and DeFi: 2020’s top-performing crypto assets
2020 may have been filled with challenges, but bitcoin (EXANTE: Bitcoin), stablecoins and DeFi protocols are the clear top performing crypto assets for the year.
Chinese City of Shenzhen Distributes $3M in Digital Yuan for New Currency Test
The Chinese authorities are carrying out a new test of the digital yuan, the national digital currency of the Asian giant.
Stablecoins And The Future Of Gaming
The President’s Working Group on Financial Markets released a statement providing an initial assessment of key regulatory considerations for participants in "significant stablecoin arrangements with a US nexus that are primarily used for retail payments."
SatoshiPay to Become First User of German Bank’s Euro Stablecoin
Cryptocurrency payments provider SatoshiPay has inked a deal with German bank Bankhaus von der Heydt to become the first user of its recently revealed euro-backed stablecoin (EURB).
Crypto Market Cap Exceeds $1T for First Time
The fact the total value of all the cryptocurrencies in the market has exceeded this mark is not a surprise if we take into account the meteoric rise that Bitcoin and altcoins have been experiencing during the last weeks.
Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi
A landmark announcement for USDC. Unending social euphoria. Observers calling it bullish for DeFi.
New projects, partnerships, and investments
Italian Banking Association launches experimental digital euro project
The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency.
The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow
From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis.
Curve Finance wants to promote euro stablecoins in DeFi
A new pool allows European and Asian users to avoid US dollar exposure.