Cryptocurrency Analysis and News Portal
Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.The public nature of this announcement did bring
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The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks.On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank governors from 19 countries and the European Union, have called upon
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Scoring yet another ‘golden boot’ for the global crypto team, Grayscale Investments brings home the first ever publicly-quoted security which derives its value from cryptocurrencies.Indeed, the firm is living up to its reputation as the world’s largest digital asset manager. You will recall that the firm already has three Trusts
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Former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo, who had parted ways with the regulator this summer, has stated that he expects 2019 to be the year when regulators may start considering some response to cryptocurrencies.Giancarlo voiced his opinion during an interview with industry news outlet The Block
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South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. Meanwhile, local politicians and regulators have started lobbying a new set
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At the end of September, a number of established crypto firms (including Kraken, Bittrex and Coinbase) that are currently operating in the United States came together to establish a new governance body called the Crypto Rating Council (CRC) so as to jointly provide more clarity on the definition of
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Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on Oct. 3.FSB leads G20’s work on stablecoins going forwardQuarles
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On Tuesday, the Wall Street Journal reported that MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V), among other financial partners, could be reconsidering their position in Facebook Inc.’s (NASDAQ:FB) cryptocurrency project Libra. Backers Not Ready for Criticism from Regulators The Journal report indicated that the financial backers of the cryptocurrency project are not ready
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In late August various crypto media reported that Tether planned to issue a Chinese yuan-backed stablecoin. Bitfinex shareholder Zhao Dong told ChainNews that the stablecoin would be called CNHT and be held in offshore accounts. Zhao also said that his peer-to-peer lending platform, RenrenBit, had invested in the project
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PayPal seems to be worried about the future of Facebook’s cryptocurrency Libra as the development of the forthcoming digital currency has several hurdles on its way before it goes live. PayPal is one of the partners of the Swiss nonprofit Libra Association, which looks after the stability of the stablecoin.Facebook
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