STASIS Stablecoin Digest 03.01.2020
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Jan. 5, 2020

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Regulation and monetary policy

Around the World in 2019 — A Landmark Year for Crypto Taxation

2019 will be marked as the year of crypto tax policy changes. After 11 years of Bitcoin’s existence, countries around the world are creating clarity for taxpayers regarding the crypto activity. Now, we only need to wait and see if, after all has been said and done, 2020 will be the year that finally shows a significant increase in tax filings.

Five Countries Where Crypto Regulation Changed the Most in 2019

Many experts believe the year 2019 has seen a significant improvement in many countries in regard to blockchain regulation, with the attitude toward digital money shifting dramatically in recent years.

SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph

Backdropped by recent efforts to update exemptions from security offering registration, as well as an ongoing tug-of-war with legislators as to how to handle crypto, Commissioner Peirce sat down with Cointelegraph to discuss recent changes in regulatory approach and what to look for in the next.

China to Launch Country's First Blockchain ETF

China's Securities Regulatory Commission (CSRC) has just received an application for listing an exchange-traded fund (ETF) linked to shares of companies focused on blockchain tech.

China Enacts Crypto Law in Run-Up to State Digital Currency Debut

China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC).

What You Need To Know About Congress’s Two Proposed Crypto Laws

As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies.

IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data

The International Monetary Fund (IMF) has encouraged the Philippines’central bank to explore the possibility of starting to collect data on cross-border flows of crypto assets.

South Korea is Working on Law to Tax Individual Crypto Profits

The South Korean authorities have reported they are working on the development of a regulation to tax individual cryptocurrency profits.

Competitors

Carnegie Mellon University Sees $4M Pledge to Develop DeFi Research Program

A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR — valued at just under $4.3 million at press time — to his alma mater to develop a research program for decentralized applications.

Circle Plans to Focus on Stablecoin Platform in 2020

Digital asset ecosystem company Circle is planning to focus its efforts on stablecoins globally, dollars on public blockchains (USDC) specifically, in the upcoming year. Circle reported that its 2020 product roadmap sees this “focus” emerging first in the form of new global payment, custody, and wallet APIs for stablecoins.

Analytics and opinions

Swiss President Claims Libra Has Failed in Its Current Form

The President of the Swiss Confederation Ueli Maurer in an interview with Swiss broadcaster SRF said that Facebook's cryptocurrency Libra has failed in its current form.

Venezuela, Argentina Set New Weekly P2P Bitcoin Trading Volume Records

Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat currency in Argentina and Venezuela have hit new record highs. According to the website’s data, the week ending on Dec. 21 saw over 32.6 million Argentine pesos (equivalent to about $544,905) traded on the platform, or 34% more than the record registered two weeks before.

Euro-Pegged Stablecoin: The Ultimate Growth Driver for Crypto-Lending

We live in the days of next-generation digital money emergence. Ultimately, the world lacks a clean balance sheet and an asset that has significant appreciation potential to create more loans against it. ​Euro-backed stablecoins can help boost the crypto-lending sector by providing new ways to put both digital assets and fiat to work.

China’s Crackdown on Cryptocurrency Trading: A 2019 Recap

While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of China’s difficult relationship with crypto and how it has evolved in 2019.

2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 1

In 2019, we witnessed crypto regulations leave the domain of stuffy legal pontification and enter the realm of geopolitics (as a stuffy legal pontificator, I have mixed feelings about this). We saw President Trump tweet about crypto regulations, as well as powerful international organizations express their agenda on how crypto should be regulated. We saw bold, forward-looking moves from smaller nations play out, and crypto-schizophrenic China plant its flag somewhere on the cryptomoon, though we still don’t know on which side.

The Biggest Crypto Winners and Losers of 2019

Will Facebook succeed in launching Libra in 2020? Will Craig Wright ever stop claiming to be Satoshi? Who will win among the bitcoin bulls and bears? Take a look at the biggest crypto winners and losers of 2019.

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