Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would […]

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USD-pegged Stablecoin to be Introduced by Goldman Sachs-backed Circle

Adam James · May 15, 2018 · 11:00 pm Circle, a startup payments company backed by Goldman Sachs, is set to launch a cryptocurrency with a value pegged to the U.S. dollar — similar to Tether (USDT) — after announcing a $110 million investment round dominated by cryptocurrency mining giant Bitmain.  A ‘Compliant Alternative’ to […]

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Venture Captalists Pour $133 Million into Stablecoin Startup

Nick Chong · April 20, 2018 · 2:30 am ICOs and cryptocurrency startups have been slumping recently due to the bearish signs which were seen in the first quarter of 2018. However, Basis, a promising start-up, has broken that trend by raising over $133 Million U.S. in private funding. A cryptocurrency startup by the name […]

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