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John Kiff

Marshall Islands Rejects IMF Concerns to Launch 'Sovereign' (SOV) Digital Currency as L... - 0 views

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    Neema, the firm managing the Marshall Islands cryptocurrency program, has made a list of countries potentially open to a cryptocurrency as legal tender, looking for smaller countries that don't have their own currencies and which vote alongside Israel in the United Nations. Neema's law firm Yigal Arnon & Co are reportedly helping the Marshall Islands central bank to create the legislation needed to operate its own currency.
John Kiff

Ant Financial expands Alipay and launches new services - Business Insider - 0 views

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    "Ant Financial, parent company of Chinese mobile wallet giant Alipay, recently announced several initiatives to accelerate Alipay's global merchant acceptance network expansion, as well as the launch of its own services."
John Kiff

Fidelity's Cryptocurrency Arm Starts Offering Services to Institutional Investors - 0 views

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    "Fidelity Investments' new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn't make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms."
John Kiff

Interest Rates are the Next Battleground in the Stablecoin Wars - 0 views

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    So far, dollar backed stablecoins like Tether's USDT or Circle's USDC don't pay any interest to holders of their coin. We think that is about to change in 2019. As of today, the users of stablecoins are effectively giving their providers free loans in return for a service (digitally transferring bank dollar certificates) that is not very distinguished from one provider to the next.
John Kiff

Swiss Stock Exchange SIX Will Tokenize Equity on R3's Corda Blockchain - CoinDesk - 0 views

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    SIX chose Corda Enterprise because the technology was designed for a highly regulated space, and the flourishing open-source Corda ecosystem.
John Kiff

UK peer-to-peer lender put on regulator's watchlist - 0 views

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    The UK FCA has placed P2P lender Lendy under special supervision after becoming concerned about its ability to meet the standards required of regulated firms. Lendy, which allows retail investors to fund property development loans, was put on an FCA watchlist in January.
John Kiff

Bananas Don't Make A Good Stablecoin - 0 views

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    Bananas on the blockchain. What could possibly go wrong?
John Kiff

Thoughts on JPM Coin - 0 views

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    JPM Coin has the potential to form the basis of a new interbank settlement network, with a bank-issued digital dollar that may become an alternative to central bank reserves for the settlement of interbank payments.
John Kiff

Ripple Only Had One Real Client In 2017 - Trolly McTrollface's Blog - 0 views

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    Ripple Labs likes to boast about its growing network of clients - financial institutions that supposedly use xCurrent or xRapid. Ripple claims this network of clients, the RippleNet, counted over 100 members by the end of 2017.
John Kiff

SEC Chair Clayton Affirms Agency's Stance Ether Is No Longer a Security - CoinDesk - 0 views

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    The U.S. Securities and Exchange Commission's head has seconded a colleague's analysis that one of the world's most-prominent cryptocurrencies likely does not qualify as a security.
John Kiff

London Derivatives Exchange adds digital assets to hybrid platform - The TRADE Crypto - 0 views

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    London Derivatives Exchange (LDX), formerly GMEX Exchange, has said it will launch security tokens and digital assets to its trading platform after spending two years developing a crypto trading solution.
John Kiff

BCBS Statement on crypto-assets - 0 views

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    The past few years have seen a growth in crypto-assets. While the crypto-asset market remains small relative to that of the global financial system, and banks currently have very limited direct exposures, the Committee is of the view that the continued growth of crypto-asset trading platforms and new financial products related to crypto-assets has the potential to raise financial stability concerns and increase risks faced by banks.
John Kiff

Facebook may be looking to replicate a major feature from one of China's top apps - 0 views

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    Messaging has taken a different path in China. WeChat, which has over a billion users and is owned by Asia's largest technology firm by value, Tencent, is more than just a messaging app. It's what some analysts dub a "super-app" because it offers everything from mobile payments to the ability to book flights and even play games - all without leaving the app.
John Kiff

Mexico's Central Bank Publishes 'Catch-22' Rules Impacting Crypto Exchanges - Bitcoin News - 0 views

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    The Bank of Mexico (Banxico), the country's central bank, published a circular in the Official Gazette of the Federation on Friday detailing crypto-related provisions for the regulation of financial technology institutions (ITFs).
John Kiff

Tether Transparency Statement Update on USD Peg - 0 views

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    Every Tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, "reserves"). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD.
John Kiff

DTCC: Security Tokens Should Be Made to Meet Existing Regulatory Rules - CoinDesk - 0 views

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    DTCC: If a Security Token Platform performs a substantially equivalent function as an existing market infrastructure, the same legal and other requirements applicable to that function should be the same.
John Kiff

Governor Antoine Addresses the ECCU Media on Launch of FinTech Pilot Project - 0 views

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    The ECCB CBDC pilot involves a digital version of the EC dollar (DXCD) distributed by licensed ECCU financial institutions. The DXCD will be used for transactions between consumers and merchants, between people, all using smart devices. IBM Hyperledger Fabric was selected as the blockchain platform.
John Kiff

Canada: Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review - 0 views

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    Two Canadian national securities bodies have issued a joint consultation paper to gather industry feedback about cryptocurrency token regulation. It aims to provide clarity for platforms, and greater market integrity and protection for investors.
John Kiff

Cboe Puts Breaks on Bitcoin Futures Listing - CoinDesk - 0 views

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    Cboe Futures Exchange is putting its bitcoin futures market on hold, citing a need to review how it approaches the space.
John Kiff

Pwc Report Finds STOs "are Not Fundamentally Different From ICOs" - 0 views

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    PWC has published a report seeking to provide a strategic perspective on the ICO and STO sectors. The report finds that STOs are not fundamentally different from ICOs, estimating that their combined total raised almost $20 billion during 2018.
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