This article is brought to you by STASIS, a company that aims to promote transparency by providing daily statements from account providers along with weekly verifications and quarterly audits by a top 5 global accounting firm.
Regulation and monetary policy
Swiss Watchdog Greenlights Crypto Usage for Local Banks
A one-stop business-to-business Swiss transaction bank InCore Bank announced it has received a permission from the Swiss Financial Market Supervisory Authority (FINMA) to trade, hold, transfer and generate (tokenize) digital assets.
Read more at https://ihodl.com/topnews/2020-06-02/swiss-watchdog-greenlights-crypto-usage-local-banks/
Japanese Finance Minister May Be Opposed to Lowering Tax on Crypto
Taro Aso might not be willing to support legislation in Japan treating cryptocurrency-related income the same as that for stocks.
Canada Implements New Crypto Regulation
Canada has amended its regulation, so crypto companies are considered as money services businesses.
Bitcoin ATMs Face Tighter Regulations Over Money Laundering
The global regulatory landscape is tightening for crypto ATM operators.
Crypto.com Receives Privacy-Related ISO Certification
The crypto platform becomes one of the first companies in the industry to achieve the ISO/IEC 27701:2019 certification.
New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate
Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks about first priorities in work with the industry.
Bitfinex and Tether Reject 'Baseless' Lawsuit Filed Against Them
Bitfinex and Tether have addressed the updated lawsuit which accuses them of market manipulation.
US regulator invites Banking and Crypto industry leaders for partnership
The OCC in America announced that it was working with banks and crypto firms on improving the technological cooperation in the financial system.
China Passes Regulation Defending Cryptocurrency Inheritance
China has handed the nation’s long-awaited civil code which expands the scope of inheritance rights to incorporate cryptocurrency, comparable to bitcoin. Inherited cryptocurrencies shall be protected beneath the brand-new regulation. In the meantime, a number of Chinese language courts have just lately dominated that bitcoin and ethereum are properties protected by regulation.
Tether Integrates With Plasma Sidechain to Reduce Load on Ethereum
Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket.
Analytics and opinions
CBDCs With a Twist: The Public-Private Solutions Needed for Adoption
Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach.
‘Stack Sats’ Bitcoin Figure Tells Europe as ECB Prepares $1.5T Bailout
As the European Central Bank doubles its emergency asset purchase program, Bitcoin seems an ever stronger fiat opt-out.
Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge
The advent of digital money will threaten the US dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency.
Stablecoins Are the Bridge From Central Banks to Consumer Payments
Although the potential for sweeping change is sparking fervent innovation, many obstacles remain. How these digital networks get built and used are critical factors in ensuring they promote equity and accountability. New financial networks, and CBDCs in particular, could enable extreme levels of centralized control if not handled with care.
New projects, partnerships, and investments
Swiss Bank Maerki Baumann Launches Crypto Custody and Trading
Swiss private bank Maerki Baumann deepens crypto push by adding crypto custody and trading services.
Norwegian Salmon Exporter Uses Blockchain to Fight Fraud
Kvarøy Arctic, a Norwegian producer of farmed salmon, has just joined Food Trust, IBM's blockchain supply chain management solution.
Binance lists BIDR, stablecoin pegged to Indonesian Rupiah
One of the world’s largest cryptocurrency exchanges Binance launches a new stablecoin backed by Indonesian Rupiah (IDR). The new coin will be listed under the ticker BIDR, and it will be pegged to IDR 1:1. BIDR will be jointly supported by Binance and Tokocrypto.
mStable Launches mUSD Stablecoin Protocol on Ethereum Mainnet
mStable – a new DeFi protocol unifying stablecoins, lending, and liquidity into one robust standard – officially launched its beta on Ethereum mainnet.