STASIS Stablecoin Digest 07.02.2020
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9 February
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Regulation and monetary policy

Singapore AML Framework Can Attract Crypto Businesses, Not Chase It Away

As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related activities in the country.

Europe’s First Crypto License Issuer Warns of New Unregistered Crypto Firm

Major European financial regulator, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), has spotted another unregistered crypto company.

Top 10 Congresspeople Working on Crypto Policy

Following a year that has seen unprecedented interactions between United States legislators and the crypto industry, Cointelegraph has compiled a roster of congresspeople who have established stances and policies for blockchain and cryptocurrency that will shape the future of the industry within the country.

Waves Launched a Non-Profit Association Under German Law

According to a Feb. 3 press release, open-source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3, and to foster the development of DLTs, including public and private blockchain protocols.

Australia to Release National Blockchain Roadmap After Year of Preparation

The Australian government is going to launch its national blockchain strategy on Friday, Feb. 7, following a nearly year-long preparation.

Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls

A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near future.

Competitors

USDT Moves Every Eight Days on Average, Data Shows

Recent data from crypto data site Coin Metrics shows USDT tokens change locations every eight days on average.

Digital Currency/Stablecoin/Tokenization Series: Libra Doesn’t Seem To Have Given Up Despite Initial Setback

In yesteryear, the disappointing setback from the lawmakers in some jurisdictions and the central banks across several sovereign nations have hindered Facebook’s ambitious crypto-project. Amid the abundant troubles revolving around Facebook’s digital currency, the Libra Association doesn’t seem to have given up their objectives of crypto-project, in fact, the are beaming up with positive development pertaining to this project.

Analytics and opinions

Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019

Over-the-counter digital currency trading and lending firm Genesis closed the fourth quarter of 2019 with record-high results in loan originations since its inception.

Is the Future of Blockchain Tech Innovation in the East?

As we enter the new decade, the U.S. is at risk of losing its place as the leading innovator to Asia, impacting our technological future significantly.

Mastercard CEO Explained Why Corporation Abandoned Libra

The Chief Executive Officer of Mastercard Ajay Banga in an interview with the Financial Times explained why the American multinational financial services corporation decided to quit the Libra Association.

Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth

Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance. The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains why these features, along with others, will become a standard offering for exchanges in the next 2 years.

Why Central Bank Digital Currencies Are The Killer App For Blockchain In 2020

The promise of central bank digital currencies (CBDCs) for regulated and compliant payments with a faster settlement and increased liquidity management, comes at a time when the Bank of International Settlements estimates that over 80% of the central banks are looking at blockchain as a place to issue digital currencies.

Major Central Banks to Discuss Digital Currencies Amid IMF Conference

Six major central banks will meet in April to discuss the development of central bank digital currencies (CBDC).

US Fed Is Exploring Potential for Digital Currency, Says Board Member

A member of the United States Federal Reserve’s board of governors has signaled that the institution is more open to the idea of central bank digital currency than previously.

Will central banks' digital currencies (CBDCs) be verifiable on public blockchains?” – Ethereum Founder, Vitalik

In a short thread of tweets, Ethereum founder, Vitalik Buterin, proposed a possibility of the widely spoken about central bank digital coins. In the past year, a number of governments have announced plans to launch a digital currency to supplement their respective fiat currencies including the People’s Bank of China (PBoC), European Union (EU) and some talks of the Federal Reserve to look at the possibility of launching a digital dollar.

Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda

Japan is feeling the pressure of China’s strident moves forward with a digital yuan.

According to a Feb. 7 Reuters report, top lawmakers in the country are calling on their government to push for digital currencies to be placed on the G7’s agenda this year.

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