STASIS Stablecoin Digest 20.09.2020
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Main page Digest, Central Banks, Startups, CBDC, Crypto Market, Regulations

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Regulation and monetary policy

Reuters: European States Call on Stricter Rules for Stablecoin Issuers

Main European countries, including Germany, the Netherlands and Italy have called on stricter regulation for stablecoin issuers in order "to protect consumers and preserve state sovereignty in monetary policy."

Why technology assurances are a must for crafting EU crypto regulation

Why we need regulatory frameworks in the crypto space, with a focus on regulating the financial aspects of cryptocurrency-based operations.

From open arms to full bans: The latest on crypto regulation in Asia

A look at the legal status of crypto in Asia, where new crypto hubs are emerging and thriving despite uneven regulation.

No one can refuse China’s digital currency, says central bank exec

The digital renminbi is legally compensatory to China’s fiat currency

Nigeria regulators recognize digital assets in stunning new statement

‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said.

UPDATED: State-by-state licensing for crypto and payments firms in the US just got much easier

New money transmitter licensing promises to roll 40 states into a single exam and license.

No need for central bank digital currency in Australia says Reserve Bank

Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC.

Competitors

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards

Analytics and opinions

Why we need evolutionary, not revolutionary, regulatory initiatives

Clearing regulatory hurdles is important for forward-leaning jurisdictions that aim to attract the most innovative firms.

Will the Stablecoin USDT Be Replaced in 2020

Tether never provided credible third-party account proof, and Tether's history of additionally issuing USDT many times led to a sharp drop in Bitcoin, which many users believed was just a matter of time before USDT exploded.

DeFi: A shrinking window of opportunity

With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions.

Bans and brands: What centralization does to businesses

As it stands, the current commercial and political landscape presents a perfect storm to herald the rise of decentralized alternatives.

Regulatory risks grow for DeFi as a 'money laundering haven'

DeFi could fall under regulatory pressure if it is seen as a haven for money laundering.

Geopolitical fallout of central bank digital currencies

China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status?

New projects, partnerships, and investments

Gemini to accept deposits in PAX Gold, Amp and Compound

Crypto exchange Gemini will begin accepting deposits in PAX Gold (PAXG), Amp (AMP) and Compound (COMP) with trading to start Sept. 15.

Major Asian bank issues credit on SCB-backed blockchain

Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly.

Wirex to Launch Multicurrency Crypto Card

Wirex, a digital payment platform, has announced the launch of a new multicurrency Wirex Card, supported by Mastercard.

Binance Supporting Flow Blockchain with BUSD Stablecoin

Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, announced today the agreement to support BUSD stablecoin on Flow, the blockchain developed by Dapper Labs

Circle’s stablecoin to be used for blockchain gaming platform to target mainstream users

The USDC will be used for in-game blockchain payments on Dapper Labs Flow network.

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