Poloniex Spinning Out From Circle, Rejecting U.S. Customers

Poloniex Spinning Out From Circle, Rejecting U.S. Customers

[Policy]

1. Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done;

2. Brazilian Congressman Aureo Ribeiro requested the opening of a Parliamentary Inquiry Commission to investigate crypto-related fraud in Brazil, and the document has been signed by 234 congressmen, 63 more than the minimum required to approve the investigation;

3. The G20 members asked the International Monetary Fund (IMF) for help to establish the implications of stablecoins while preparing two statements devoted to digital assets and to the issues of taxation in the digital economy;

4. The SEC asked a federal court not to deny its request for a preliminary injunction against Telegram;

5. Jackson and Umatilla Counties in Oregon in the United States are implementing blockchain-based mobile voting in the special elections in November.

[Cryptocurrency]

1. “Stablecoins” could spark the mass adoption of cryptocurrencies and peer-to-peer transfers, cutting out the need for regulated middlemen and hindering efforts to halt criminal use, the FATF said;

2. Ripple sold $66.24 million XRP in Q3 2019, a 73.7% decrease in sales in XRP QoQ, as measured in USD.

[Exchange & Wallet]

1. Huobi Global launched a Turkish Lira (TRY) fiat gateway, planning to open a physical office in Istanbul and hire a team of Turkish people to support the community;

2. Binance CEO CZ has proposed to list a token pegged to Bitcoin Cash (BCH) on Binance DEX;

3. Poloniex is spinning out from Circle into a new company named “Polo Digital Asset,” which will not serve the U.S. customers.

[Others]

1. Digital currencies like the one proposed by Facebook threaten to undermine sovereign nations’ control over their exchange rates, France’s Economy Minister Bruno Le Maire said;

2. ZHAO Changpeng, Binance founder, says that they will reinvest most of their profits;

3. J.P. Morgan and Goldman Sachs have rejected Facebook’s invitation to join Libra.

Published at Fri, 18 Oct 2019 23:54:30 +0000

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