STASIS Stablecoin Digest 21.06.2020
Main page Digest, Startups, Crypto Market, Stablecoins

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

Turkish Stablecoin Issuer Predicts New Blockchain Regulations

The co-founder of Turkish stablecoin project BiLira predicts that Turkey’s government will soon introduce new regulations for blockchain within the next year.

China Times: Banks Deny Allegation of Massive Ban Over Crypto Purchase

Chinese banks including China Merchants Bank, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China disproved massive ban on financial services for clients who want buy or sell cryptocurrencies.

China Could Roll Out Its CBDC Without Anyone Realizing

Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change.

CFTC Chairman Cautions Against ‘Overly Prescriptive Rules’ for Crypto

Chairman of the CFTC Heath Tarbert calls for principles rather than rules to dictate the government’s handling of digital assets.

China Considering East Asia Regional Cryptocurrency to Rival Dollar and Libra

China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments.

The Bank of Thailand to Test CBDC

Thailand's central bank, the Bank of Thailand (BOT), will develop a prototype of the payment system for businesses using central bank digital currency (CBDC).

Singapore to Explore Central Bank Digital Currency With China

Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies.

Facebook’s Stable Coin will be rejected says Germany’s Finance Minister

Earlier in the week, in a statement, Olaf Scholz, the finance minister of Germany went on to say that parallel currencies should not be accepted by policymakers. Directly referring to Facebook’s Libra stable coin.

Analytics and opinions

Driven by Financial Institutions, Stablecoin Acceptance Turns a Corner

Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone.

Revamping E-Commerce During the Rise of Stablecoins

The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat.

Crypto Industry Entering New Era as Institutional Traders Get Invested

Institutional interest in digital assets is growing as major financial players continue to enter the cryptocurrency space.

Decred Co-Founder: CBDCs Can Facilitate Crony Capitalism

Co-founder of Decred believes that the CBDCs could create greater information asymmetries that would benefit ruling elites.

Digital Euro: IOTA better basis than Ethereum and Ripple?

The German private banking association BdB is pressing for the rapid introduction of a digital euro.

Stablecoin Volume Now 5x ETH Volume on Ethereum – Report

Stablecoin volume on Ethereum (ETH) is now up to 5 times greater than the on-chain volume of the network’s native token, ETH, a new report from blockchain analytics firm Glassnode reveals.

New projects, partnerships, and investments

WhatsApp Debuts Fiat Electronic Payments While Libra Remains Stuck in Regulatory Maze

WhatsApp has announced instant in-app fiat payments for over 120 million users in Brazil.

PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’

PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users.

UNICEF Cryptocurrency Fund announces its largest investment of startups in developing and emerging economies

Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

New $113M venture capital fund to invest in blockchain for emerging markets

A new venture capital fund has been established with an aim to raise €100 million ($113 million) to invest in blockchain startups.

Read also:
Please describe the error