STASIS Stablecoin Digest 07.06.2020
Main page Digest, Blockchain, Startups, Crypto Market, Stablecoins

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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.


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. 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.

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