STASIS Stablecoin Digest 30.10.2020
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Regulation and monetary policy

Pros and Cons of the EU Crypto-Assets Regulation

Anything that works correctly doesn't need any regulations. However, that has not been the case with digital currencies. They have come with several concerns. Governments are now prioritizing consumer protection.

Kenya's central bank exploring CBDCs due to 'mushrooming' of private cryptos

The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."

The Bahamas Releases its Own Digital Currency

The Bahamas has launched its own central bank digital currency (CBDC) for residents in the country.

Central bank digital currencies have the power to upend global finance

Central bank digital currencies will fundamentally change our conceptions of money and its uses.

Malaysian Securities Commission issues revised digital asset guidelines

Regulation for initial exchange offerings and digital asset custodians came into force.

Central Bank Regulations Leave Little Room for Private Stablecoins

Rules for bank-issued digital currencies could lead to restrictions for existing stablecoins.

China Weighs Ban on Cryptocurrencies Turnover

The People's Bank of China (PBoC) is about to ban cryptocurrencies, issued by "any individual or entity."

Analytics and opinions

BoE hasn't 'made any decision' regarding a CBDC, says fintech director

"We will continue to explore the pros and cons of CBDC," said Tom Mutton.

Bitcoin can't help bank the unbanked claims Mastercard CEO

The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story.

High DeFi yields could threaten ETH 2.0 staking participation: ConsenSys

The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking

Digital yuan will combat US 'dollarization' says former PBoC governor

"We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP," said Zhou Xiaochuan.

DeFi needs more fixed-rate lending protocols: Messari researcher

Researcher argues that fixed rate lending and borrowing would bring DeFi closer to traditional finance

Will they or won't they? Central banks eye each other's digital currency moves

Canada's central bank recognizes that CBDCs are a necessarily international issue.

New projects, partnerships, and investments

YouHolder Adds Support for STASIS in Savings Accounts

A crypto-backed loan service provider YouHolder has listed EURS, the first euro-pegged stablecoin.

Societe Generale Selects ConsenSys for CBDC Development

French multinational investment bank Societe Generale has selected ConsenSys to provide technology and expertise for a central bank digital currency issuance and management.

Digital yuan will work with WeChat and Alipay, says bank exec

Details regarding the digital yuan's characteristics are taking shape.

CertiK releases blockchain with real-time smart contract auditing

The security company wants to build a formally secure blockchain for DeFi

British fintech firm opening physical crypto bank branches in India

The new venture will reportedly include 34 “physical branches and operations” in northern India.

East meets West as eight top projects join global DeFi alliance

Eight of the western world’s top DeFi projects have joined an industry consortium that is supported by a Shanghai science and technology institution.

LibertyX launches Bitcoin-to-cash sales at ATMs in the United States

LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.

Singapore’s largest bank reportedly launching crypto trading and custody

Another global bank believes that digital assets are the future of the global economy.

JPMorgan's Stablecoin Now Enters Commercial Phase

JPMorgan Chase's stablecoin dubbed 'JPM Coin' is being used commercially for the first time.

PayPal’s baby steps into crypto aren't dampening the hype for adoption

While crypto firms have been trying to build the crypto equivalent of PayPal, the company itself will soon enter the industry.

Gemini to Automate Crypto Taxes with TaxBit

Gemini will begin integrating TaxBit’s Tax Center Suite service to automate and optimize cryptocurrency tax reporting for its users.

Binance exchange partner Simplex to roll out Tether to euro offramp

Over 200 firms in Simplex’s network can enable euro cashouts from Tether.

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