Trick or Treat (Regulatory Digest, Jan 10—16)

No crypto Rupee, fake e-Krona, Bank of England and Ripple as longstanding partners, discrimination against Petro, Bakkt, the finale of BitMEX for USA and Quebec, state of BTC in Canada inquiries

It is premature for RBI (Reserve Bank of India) to launch crypto-rupee, as more understanding of the crypto economy need to be achieved. It is a right decision to delay the process and see how the publicly traded peer-to-peer economy is shaping up.

Praveen Kumar, Founder of Belfrics

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Report: India Considers Complete Ban on Digital Currencies

Report: India Considers Complete Ban on Digital Currencies A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25. An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on […] Cet article Report: India Considers Complete Ban on Digital Currencies est apparu en premier sur Bitcoin Central.
Bitcoin Central

TUSD Creator Bets on Stablecoin Adoption and Announces Four New Tokens for Australia, Canada, Hong Kong and Europe

The increase in the price and trading volume of various cryptocurrencies has promoted a lot of activity around the market behavior and has again boosted people’s interest in these new technologies. Up until now, stablecoins have served not only to execute p2p transactions but as a way to “freeze” funds, allowing users to protect themselves from market volatility, especially during the bearish trend. Given this situation, and considering there are few options vis-à-vis the hundreds of fiat currencies in the world, TrustToken, the developer of TUSD recently announced the creation of four original stablecoins for the European, Australian, Asian and Canadian markets. TrustToken: Diversifying the Stablecoin Business According to Cryptobriefing, TrustToken CEO Jai An explained that the firm hopes to broaden its services and at the same time promote the adoption of these tokens as exchange mechanisms. He was also confident that in 2019, the adoption of stablecoins will explode: “Our goal in launching these four new stablecoins is to carry this trust over into more products that dramatically expand the options traders have for reliable, easy-to-use stablecoins. 2018 was the year that the industry realized the value of trusted stablecoins as a stable store of value and medium of exchange; 2019 will be the year that stablecoins drive industry adoption by connecting the cryptocurrency ecosystem back to the real world. Prior to the announcement of these four new coins, TrustToken reported the launch of TrueGBP, a stablecoin aimed at tokenizing the British fiat currency. Currently, TUSD ranks 36th in the global marketcap with almost 200 million tokenized dollars. The most important stablecoin of the ecosystem is Tether (USDT) which has a marketcap of about 2.7 Billion USD, ranking 8th in the global marketcap. The company expects to launch the four crypto currencies throughout the year: In a first batch, the Australian Dollars (TrueAUD) stablecoin is already available for listing and will be released soon, while they will introduce the Canadian Dollars (TrueCAD) and Hong Kong Dollars (TrueHKD) in Q2 2019. They scheduled TrueEUR for Q3 2019 The new stablecoins will meet the same security standards as TrueUSD. TrustToken will deposit the funds as collateral in an auditable bank account. In the case of TrueAUD, TrustToken will provide regular attestations of the AUD backing by third-party accounting firm Cohen & Co. The post TUSD Creator Bets on Stablecoin Adoption and Announces Four New Tokens for Australia, Canada, Hong Kong and Europe appeared first on Ethereum World News.
Ethereum World News

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