ANALYSIS

Financial Institutions Use Stablecoins to Shake Things Up in 2020

[ad_1] For most people, the word “stablecoin” brings to mind cryptocurrencies like Tether or Libra. However, there are many versions of stablecoins — ranging from those that are backed by fiat money to those that are backed by real assets or even other digital currencies.Simply put, a stablecoin’s main aim is to solve the problem of volatility by being a digital asset that is tied to another asset with a
ANALYSIS

Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion

[ad_1] The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike.The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth Anti-Money Laundering Directive, or 5AMLD, was signed into law. The law is the latest
ANALYSIS

Effect of CME Futures Options on BTC Price Depends on Halving

[ad_1] CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME will further uplift the institutional infrastructure supporting the asset class.Over the long term, investors generally anticipate improvements in the infrastructure surrounding Bitcoin (BTC) to have a positive impact on the cryptocurrency market.CME Bitcoin options is a
ANALYSIS

Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm

[ad_1] If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange has launched a captive insurance company, Nakamoto Ltd., to insure its Gemini Custody business for up to $200 million — reportedly the largest amount for any crypto custody service in the world. This new insurer will help
ANALYSIS

FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020

[ad_1] The Financial Conduct Authority (FCA) is now the United Kingdom's sole Anti-Money Laundering (AML) authority for the crypto business. After a decade of compliance under a laissez-faire approach to AML legislation, U.K.-based crypto firms now face a significantly more stringent set of rules. With the FCA thrashing U.K. crypto regulation into shape, the consequences upon start-ups, user privacy and adoption will likely be wide-reaching. In its early stages, decentralized finance
ANALYSIS

CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

[ad_1] In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By August, CME had announced record highs for Bitcoin futures trading.Most recently, Bakkt came into
ANALYSIS

Guide to WEF Davos 2020: Sustainability, Stablecoins and CBDCs

[ad_1] The annual World Economic Forum in Davos, Switzerland is about to start. As usual, the forum will gather the world’s political and business elite, and will last from Jan. 21 to 24. Here’s everything there is to know ahead of time on how this meeting will be vital for the crypto and blockchain industry.WEF is modernizing its agenda This year’s theme is “Stakeholders for a Cohesive and Sustainable World,” which
ANALYSIS

Key Factors That Brought Bitcoin Back to Life

[ad_1] During the first couple of months of 2019, the price of Bitcoin (BTC) stayed put under the $4,000 mark, thereby solidifying fears that the market was indeed in the midst of a long crypto winter. Not only that, but all through 2018, this space witnessed the simultaneous collapse of around 2,000 cryptocurrencies — which lost around 80% of their combined market cap.Additionally, it can be seen that over the
ANALYSIS

New EU AML Compliance Laws Could Disrupt the Crypto Industry

[ad_1] On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore paradises, the law brings about a series of restrictive demands on crypto companies in a way never seen before.This development cuts into the notion that, in the past, the world’s richest people comfortably
ANALYSIS

Three Days of Hearings Before India’s Supreme Court on Crypto Ban

[ad_1] The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses.From Jan. 14 through 16, proceedings were focused on arguments presented by Ashim Sood, the legal counsel for the the Internet & Mobile Association of India (IAMAI).IAMAI is a not-for-profit industry body whose mandate is to