STASIS Stablecoin Digest 04.12.2020
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Main page Digest, Startups, Crypto Market, Cryptocurrency, Stablecoins, Regulations
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Dec. 6, 2020
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Regulation and monetary policy

Canada could launch CBDC sooner than expected, central bank exec says

COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected.

CySEC issues first cryptocurrency regulations

The Cyprus Securities and Exchange Commission (CySEC) last week issued its first regulations regarding cryptocurrency.

US lawmakers seek to make stablecoins illegal without federal approval

A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first

South Korea to delay new tax regime on cryptocurrencies until 2022

The postponement follows a successful lobbying campaign by local crypto advocates.

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.

PayPal CEO calls on crypto industry to work hand in hand with regulators

Compliance is key if you want to play the game, says PayPal CEO Dan Schulman.

Beyond BitMEX: CFTC sets a new record for lawsuits in crypto this year

Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market.

Crypto.com secures an Australian Financial Service License

The mandatory license will allow Crypto.com to issue crypto debit cards in Australia.

Competitors

USDC Issuer Hires Wall Street Veteran as New CEO

The Centre Consortium, a joint venture focused on adoption of the USD Coin stablecoin, has announced the appointment of David Puth, a Wall Street veteran, as its new Chief Executive Office.

New projects, partnerships, and investments

Visa Integrates Support for USDC

American multinational financial services corporation Visa Inc., is integrating its payments network to the USDC stablecoin.

Digitex announces launch of new stablecoin, DUSD

Digitex Ltd, a commission-free crypto futures exchange, has announced the launch of a new stablecoin DUSD.

Million-dollar startup taps Algorand to fight climate change

Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain.

Yearn teams up with Akropolis to boost institutional outreach

Akropolis says calling it a merger "is a bit of a misnomer."

TrustToken Bridges TUSD and Other Stablecoins to Syscoin

Tomorrow’s fintech depends on high-quality stablecoins. The continued success of value-pegged assets will depend on their usability, security, and compliance. For these reasons, Syscoin Foundation is proud to announce a partnership with TrustToken.

Yearn’s merger with SushiSwap will be the most comprehensive to date

YFI token holders will vote on some aspects of the integration.

DEX Aggregator 1inch Closes $12M Investing Round led by Pantera Capital

1inch.exchange, a decentralized cryptocurrency exchange (DEX) aggregator, has announced a closure of a $12 million funding round led by Pantera Capital and other institutional investors, including ParaFi Capital and Nima Capital.

Kraken pledges $150,000 to Ethereum devs in latest Gitcoin Grants Round

This is a first for the traditionally Bitcoin-centric exchange.

Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom

Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators.

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