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“Digital financial assets such as cryptocurrencies continue to potentially transform financial markets, but their risk to financial stability is lower than a year ago because of their reduced market capitalization.”tags: Fintech CryptoAssets
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New York State Department of Financial Services proposed to modify the new crypto-asset approval process. The NYDFS currently approves every crypto-asset on a case-by-case basis with individual exchanges. The NYDFS is proposing that any crypto-assets approved for listing in New York can be listed by any exchange that operates in the state, and the regulator will publish a model framework for crypto-asset listings that exchanges should model their versions around.
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Crypto companies have filed 7,100 Suspicious Activity Reports (SAR) since May.
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Payment processor BitPay has announced it is adding three USD-pegged stablecoins to its list of supported tokens (USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX)).
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Ripple has condensed its broad Xpring developer platform into a single site. The new platform aims to allow crypto and non-crypto developers to integrate payments into any mobile application. Now, Xpring.io offers those developers a wallet, new tools, technical documentation and Xrping customer service.
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Mastercard is carrying out the first pilot of a digital identity programme designed to let people prove who they are immediately, safely and securely in both the digital and the physical world.
Kiffmeister’s Fintech Daily Digest 12/11/2019
