Venezula has revealed new requirements for exchange platforms and miners. Those businesses will now have to register with a superintend body of crypto-related activities, named Sunacrip, and adhere to new regulations.
GunBroker.com, the world’s largest gun marketplace, has introduced a new stablecoin as their new payment method, calling it FreedomCoin.
Facebook Inc. is reportedly planning to release its own cryptocurrency pegged to the U.S. dollar, initially for facilitating money transfers.
Basis, the heavily funded stablecoin, has confirmed rumors that it is to close, returning all of the funds to investors.
Tether may currently be stable and may have seen its value return to be even with the US dollar, but this may not last long.
Despite not having a stable economy upon which to build its national cryptocurrency, it is working diligently to have Petro seen as a viable cryptocurrency – although most indications are that it will never truly get off the ground.
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.
According to Russian media outlet, the state Duma’s Committee on Financial Markets announced that it is discussing creating a ruble-backed stablecoin in response to an increase in household debt.
The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.
Crypto exchange Bitfinex responds to rumors about its financial situation, showing it still has billions in cryptocurrency reserves.
Launched by London Block Exchange, the stablecoin will officially be known as LBXPeg. The currency will be tied to the value of the pound and backed by funds in an auditable UK bank account on a one-to-one basis.
The financial institution backing the stablecoin Tether is in dire need of funds, according to reports. And if it doesn’t get cash soon, Tether might be in unstable position.
