STASIS Stablecoin Digest 11.10.2020
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Main page Digest, Startups, CBDC, Crypto Market, Stablecoins, Regulations

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Regulation and monetary policy

Institutionalize crypto markets now: There must be compliance controls

Digital asset markets are subject to various regulations worldwide, but which are the most suitable for the crypto space at the moment?

A guide to setting up a crypto business in Switzerland

How to use the opportunities that the Swiss regulatory system provides for crypto projects wisely to speed up the launch of your product.

The need for a dialogue between crypto businesses and regulators

Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry.

Bank of Estonia Starts Exploring CBDC

Estonia's central bank, Eesti Pank, has officially entered a research field of a central bank digital currency (CBDC).

Thai central bank issues $1.6B in government bonds on IBM blockchain

The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform.

ECB Speeds Up with Digital Euro

The European Central Bank (ECB) has revealed a report on the issue of CBDC, prepared by the Eurosystem High-Level Task Force.

Report: Europe’s new crypto regulations pose existential questions for DeFi

Decentralized finance “may prove difficult to subject to regulatory requirements,” a regulatory advisor says.

UK Bans Crypto Derivatives Sales to Retail Investors

The UK's Financial Conduct Authority (FCA) has banned the sale of crypto derivatives and exchange-traded notes (ETNs) to retail investors.

EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption

Yet, the biggest crypto hub remains on the blacklist.

Bank of Korea to Test Practical Usage of CBDC in 2021

The Bank of Korea reportedly wants to examine practical distribution and circulation of CBDC in the final part of the three-step pilot program.

US Attorney General: Crypto Can Fundamentally Change Human Interact

Attorney General, William Barr, says cryptocurrency is a "technology that could fundamentally transform how human beings interact, and how we organize society."

Dutch Central Bank Greenlights First Crypto Exchange in Country

The central bank of the Netherlands, De Nederlandsche Bank (DNB), has issued a permission to a cryptocurrency exchange for the first time.

Central banks detail CBDC expectations in massive joint document

The report is a major step towards pushing central bank digital currencies forward.

China to Organize Random Distribution of Digital Yuans

Shenzhen's government will distribute 10 million digital yuan to 50,000 residents of the Luohu district.

Analytics and opinions

No single blockchain can carry all of DeFi right now, MyEtherWallet founder says

Scaling solutions sometimes come at the cost of decentralization.

Bank of Canada calls central bank digital currencies risky, especially storage

Is risk in the eye of the beholder?

Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B

2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020.

Regulation is coming to DeFi, but can it be enforced?

Is regulation plausible in a completely decentralized environment?

US is losing 'tech Cold War with China' says Ripple co-founder

Ripple’s executive chairman has slammed US lawmakers for losing the blockchain arms race to China

Markets will decide on regulations, not the government: Currency Comptroller

The government is great at setting up regulatory frameworks, not building products, says Currency Comptroller Brian Brooks

Why Central Bankers Got Serious About Digital Cash

The central banks of China, the euro area, the Bahamas and others have been experimenting in the field, while others, including the US Federal Reserve and Bank of England, are conducting research but not plunging in, at least for now.

Experts weigh in: Is DeFi dead or is it still the future of finance?

The current DeFi ecosystem's trajectory is reminiscent of the ICO boom.

DeFi market cap drops 25% in one day

The DeFi markets took a sharp downturn yesterday, with the combined capitalization of DeFi assets falling 25% while volumes shrunk 30%.

Bank of Japan to Test CBDC Proof of Concept Next Year

Japan's central bank, the Bank of Japan (BoJ), will test the technical feasibility of the core functions and features required for central bank digital currency (CBDC) through a Proof of Concept (PoC) in 2021.

Are Stablecoins the solution in tough financial times

2020 has brought unprecedented financial turbulence. The fallout from the coronavirus has left many economies around the world struggling amid lockdowns and restrictions on businesses.

New projects, partnerships, and investments

Crypto Singapore dollar aims to diversify landscape dominated by USD

Xfers believes it is the time other national currencies receive a piece of the action too.

Italian digital payments firms merge to create $17.6B fintech group

Italian rivals Nexi and Sia have finalized a merger to create a fintech giant that can compete in an increasingly consolidated European market.

The blockchain revolution is making inroads into Singapore

The 3-year-old public blockchain Zilliqa is fueling Singapore’s first stablecoin, a private securities exchange, and an accelerator.

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