Point Roberts, WA and Delta, BC – September 11, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.
Listen to today’s Crypto Corner Podcast:
#CryptoCorner: FINMA Publishes Guidelines Pertaining to Stablecoins and Libra, Coinbase Considering Initial Exchange Offering
Subscribe to Podcast RSS feed:
Stocks discussed: (NasdaqGS:FB) (NYSE:DPZ)
The Swiss Financial Market Supervisory Authority (FINMA) published guidelines for stablecoins today, wherein it outlines how the country’s supervisory law applies to the tokens. Specifically, the guidelines deal with Facebook’s (NasdaqGS:FB) Libra, which recently requested an assessment of its status under Swiss regulation. FINMA confirms that in its presented form, Libra would would fall under financial market infrastructure regulation, be subject to the Anti-Money Laundering Act, and that:
Due to the issuance of Libra payment tokens, the services planned by the Libra project would clearly go beyond those of a pure payment system and therefore be subject to such additional requirements.
CoinDesk reports that U.S.-based crypto exchange giant Coinbase is considering the launch of an initial exchange offering (IEO) platform. Speaking at CoinDesk’s Invest: Asia conference, Coinbase’s head of institutional sales in Asia, Kayvon Pirestani, said the company is considering IEO and other capital-formation tools but did not elaborate further.
“We think there’s a really interesting opportunity there for Coinbase. In a nutshell, Coinbase is carefully exploring not only the IEO space but also STOs [security token offerings]. But I can’t make any formal announcements right now.”
CoinDesk explains the concept of initial exchange offerings as:
Not unlike an initial coin offering (ICO), an IEO is another crowdfunding tool for cryptocurrency startups. It relies on an exchange to act as the trusted broker offering the token sale – with each exchange issuing its own proprietary token (such as Binance’s BNB) to execute the sale. It usually requires a commitment from the exchange to handle know your customer (KYC) and anti-money laundering (AML) checks on a startup’s behalf.
Crypto firm Pundi X has revealed the look and name of its upcoming fully blockchain-powered smartphone at IFA 2019 in Berlin, according to outlet CIOL. The phone will be called Blok on Blok (BOB), and will execute all data on the company’s blockchain, the Function X blockchain ecosystem. The phone allows users to toggle between a blockchain mode and an Android mode, and also boasts a customizable design kit. Zac Cheah, Co-founder and CEO of Pundi X, commented:
“BOB marks a big step forward in our mission of creating a Blockchain Internet, a fully decentralized network where every piece of data shared is under the owner’s control. More importantly, BOB gives a sneak peek of a world powered entirely by blockchain technology, where everyone has control over their own data and everything is executed with the expectations of immutability and transparency.”
Domino’s Pizza (NYSE:DPZ) is celebrating its 30th anniversary in France with a giveaway including a €100,000 in Bitcoin (BTC) or cash, according to a recent tweet. If the winner chooses to receive their prize in Bitcoin, they will be awarded it on December 16. The amount will correspond to the exchange rate of Bitcoin when the organizer purchases €100,000 worth on December 5, according to the competition rules.
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
About Investorideas.com – News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Learn more about our news, PR and social media services at Investorideas.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android