Stablecoins
Cato Institute Exec on the Future of Money and Crypto
James A. Dorn, vice president for monetary studies at the Cato Institute, applauds the private sector for inventing better alternatives to fiat currencies. In his CoinDesk opinion piece titled “Let the Market Come Up With Better Money Tech,” he writes market-based cryptocurrencies should be allowed to proliferate.
Venture Capital Investor Tim Draper: ‘Bitcoin Got Me Going’
Tim Draper, prominent venture capital investor and founder of Draper Fisher Jurvetson, discusses investing in bitcoin, the U.S. crypto regulatory landscape, journey to NFTs, stablecoins, and the wider crypto markets. “Bitcoin is clearly the strongest of the cryptocurrencies … it’s going to lead us into a new anthropological age,” Draper said.
I rapporti tenui delle stablecoin con le banche
Nonostante le stablecoin si promuovano come una soluzione non bancaria, hanno comunque bisogno delle banche, scrive Steven Kelly di Yale per il Future of Money Week.
Shinhan Bank and Standard Bank to Test Cross-Border Stablecoins on Hedera Network
A major South Korean, Shinhan Bank, and South Africa-based Standard Bank will issue stablecoins issued by their local currencies using the Hedera Network to facilitate money transfers worldwide. Hedera Hashgraph CEO Mance Harmon shares insights into the stablecoin solution, its possible impact on international remittances, and potential regulatory headwinds ahead.
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The U.S. Office of the Comptroller of the Currency (OCC) published an interpretative letter Tuesday telling banks to be very clear they can provide crypto services before they do so. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways. Plus, Sen. Sherrod Brown (D-Ohio), chairman of the U.S. Senate Banking Committee, is seeking more information about stablecoins.
MakerDAO Founder on Biden Administration’s Stablecoin Report
A coalition of U.S. financial authorities under the Biden administration published its long-anticipated report and recommendations on the regulation of stablecoins last week.
FATF Publishes Crypto Anti-Money Laundering Guidance
The Financial Action Task Force (FATF) has published its revised guidance for crypto firms, further clarifying the definition of Virtual Asset Service Providers (VASPs), DeFi, stablecoins, and NFTs. Association of Certified Anti-Money Laundering Specialists (ACAMS) Executive Director Rick McDonell discusses the world of crypto and anti-money laundering (AML), breaking down the key points of the recommendations.
FTX.US CEO on Total Crypto Market Cap Topping $3T as Bitcoin Breaks $66K, Ether Hits All-Time High
As bitcoin breached $66,000 and ether hit another new all-time high of $4,700, the overall market cap of all cryptocurrencies topped $3 trillion Monday. Still, bitcoin’s dominance continues to decline. Brett Harrison, president of crypto exchange FTX.US, discusses his crypto market update and outlook and shares insights into stablecoin regulation.
