STASIS Stablecoin Digest 01.05.2020
Main page Digest, Startups, Crypto Market, Stablecoins, Regulations

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Regulation and monetary policy

China's Biggest Bank Expands Fintech Regulation in 6 New Cities including Shanghai

Bank of China, the largest Chinese bank, has announced the expansion of its pilot testing of fintech innovation supervision in 6 new cities (districts).

European Central Bank: Digital Euro Should Not Discourage Private Initiatives

The European Central Bank is looking to renovate its payments infrastructure, studying both public and private solutions, with or without blockchain.

Clear Regulations Have A Positive Impact On Cryptocurrency Prices, Federal Reserve Bank of Dallas Reports

Cryptocurrency prices are quite susceptible to news, according to a recent paper. While, somewhat unsurprisingly, adverse announcements lead to immediate sharp declines, the establishment of clear regulations tends to mark serious market gains.

SEC’s CryptoMom on Outlook for the Digital Dollar and the End of Her Term in June

In a recent panel, SEC Commissioner Hester Peirce AKA CryptoMom opened up about the prospect of a digital dollar as well as the end of her term, coming in June.

BitMEX Restricts Access for Japan Residents

The exchange claims it decided to stop offering its services due to the amendments to the Japan Financial Instruments and Exchange Act and Japan Payment Services Act effective as of 1 May 2020 following the cabinet order earlier this month.

The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms

The Dutch crypto market is seeing the first of most likely many small crypto exchanges get squeezed out following the passage of heavily criticized anti-money laundering (AMLD5) regulations.

Central Bank Digital Currencies: Changing the Architecture of Money

Traditional finances could be dramatically changed in the near future, and central bank-issued digital currency is the first step.


BitPay Partners With Binance to Support BUSD Payments Around the World

BitPay and Binance have partnered to provide the payment firm’s 2 million individual and merchant customers with access to Binance’s stablecoin BUSD.

Analytics and opinions

Stablecoins Provide Cover as Global Risks and Uncertainty Quake

As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically.

Alyze Sam: Stablecoins Are the “Gateway to Decentralization”

The CEO of GIVE Nation sees stablecoins as a gateway for companies like Facebook and JP Morgan to decentralized assets.

Crypto Bank Pioneer Wants Greater Transparency Across the Industry

Wall Street veteran and the force behind Wyoming’s forthcoming ‘crypto bank’ Avanti, Caitlin Long, has urged crypto industry leaders to bolster transparency.

Future of Finance: CBDCs Offer the New Architecture of Bank Accounts

Stablecoins and central bank digital currencies have the potential to replace, or at least dramatically improve, bank accounts as they are today.

Europe’s Crypto Believers on the Rise Amid COVID-19 Crisis, bitFlyer Says

Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020.

As Asia Progresses With CBDCs, Could Regulation Impact Its Crypto World?

It is well known that Asia is the so-called hub for cryptocurrency. In nations such as Japan, South Korea, China and Singapore, we have seen significant growth over the past two years for the crypto and the blockchain industry. Through this, Asia has been able to put itself first of many other continents and countries when it comes to the world of crypto. China is the only country to be in its final stages of developing a CBDC, otherwise known as a central bank of digital currency. This is just one way that China is winning over the western world.

New projects, partnerships, and investments

Uphold Announces Expansion of Its Stablecoin Portfolio

Digital payment platform Uphold launches a new Stablecoin Center to meet increased demand for digital dollar offerings.

Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan

Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan.

Arab Bank Switzerland Leads Major Series A for Swiss Digital Assets Firm Taurus

Arab Bank Switzerland has closed a $10 million+ Series A financing round for Swiss digital asset infrastructure firm Taurus Group.

Andreessen Horowitz Attracts $515M for Crypto Fund II

American private venture capital firm Andreessen Horowitz (a16z) announced it has attracted $515 million for its fund that will be used to invest in crypto networks and businesses.

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