STASIS Stablecoin Digest 12.12.2020
Main page Digest, Startups, Crypto Market, Stablecoins, Regulations

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

Consideration phase for digital euro to go well into 2021, says ECB exec

The decision on how to launch a digital euro could still be a long time coming.

Congresspeople speak out against Tlaib's anti-stablecoin bill

But the bill is unlikely to become law any time soon.

German bank launches crypto fund covering portfolio of digital assets

Hauck & Aufhäuser's Digital Asset Fund I will reportedly cover 85% of the total crypto asset market.

Digital ruble will undercut bank profits but help businesses: Bank of Russia

Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen.

World governments agree on importance of crypto regulation at G-7 meeting

A vast number of nations, including many G-7 members, want more rules for crypto.

US Congress seeks to regulate stablecoins with new STABLE Act

A US lawmaker has introduced a bill that could bring an end to the era of unregulated stablecoin use in the country. Known as the STABLE Act, it will treat stablecoin issuers as banks, requiring them to obtain a banking charter and abide by all the current banking regulations.

Future of money will be public-private effort, says ex-CFTC chairman

Will CBDCs disrupt stablecoins, or will they help each other?

Russian crypto lobby group appeals to finance ministry to soften legislation

A crypto advocate group in Russia is lobbying for more friendly federal crypto law.

Paxos seeks approval to become fully-regulated crypto bank

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels.

France to Implement Mandatory KYC Rules for Crypto Transactions

Simon Polrot, president of the French crypto association ADAN, has informed the Ministry of Finance is working on the development of a new regulation aimed not only at tightening the know-your-customer (KYC) rules that must be applied by crypto companies, but also at regulating cryptocurrency transactions.

Sweden to Decide on Its Own Digital Currency by 2022

Sweden’s government will decide on whether the country should launch its own digital currency or not, Bloomberg has learned, citing Per Bolund, Sweden's financial markets minister.

Analytics and opinions

Facebook’s Diem stablecoin is an existential threat to traditional banking

Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future.

A million down, a billion to go: How does DeFi reach mass adoption?

A report this weekend claimed that DeFi has reached a million users, but the emerging financial vertical has a long road to travel towards widespread success.

German government unimpressed by Facebook stablecoin's rebrand

German finance minister says "A wolf in sheep's clothing is still a wolf."

The Volume Of Stablecoins Increased In 2020

Analysts at Arcane Research have analyzed stablecoins. As a result, statistics show that the volume of stablecoins exceeded $25 bln, which means an increase of 395% since the beginning of the year.

Vitalik Buterin expects lots of ways to exchange CBDCs for crypto

The Ethereum co-founder believes that CBDCs are good for macroeconomics, but there are also certain challenges.

EU firm’s head trader explains why euro stablecoins are hard to come by

The crypto world does not have a major euro-pegged stablecoin yet.

New projects, partnerships, and investments

Facebook hopes to launch its crypto and wallet in 2021, top exec says

The social media giant has rebranded in hopes of scoring regulatory approval.

Algorithmic stablecoin project Neutrino launches staking for its governance token

The Waves-backed project will share a portion of protocol fees with NSBT holders.

VirgoX Lists HUSD to Enhance the Positioning of the World Stablecoin Trading Center

VirgoX, a revolutionary stablecoin-focused digital asset trading platform, is pleased to announce that HUSD, a USD-backed stablecoin issued by Stable Universal, will be available to buy, sell and trade on VirgoX digital asset trading platform starting Dec. 10.

DeFi could be coming to Cardano

IOHK’s Project Catalyst names Liqwid as a potential candidate to receive up to $250,000 in ADA funding.

German Bank Issues Euro-pegged Stablecoin on Stellar Blockchain

One of the largest banks in Germany, Bankhaus von der Heydt (BVDH), has entered into a partnership with Bitbond to issue a Euro-pegged stablecoin (EURB) on the Stellar network.

Read also:
Please describe the error