Kiffmeister’s #Fintech Daily Digest (12/30/2020)

The price of bitcoin (BTC) set a new all-time high of $28,580 early this morning (ET). And Nouriel Roubini posted a cool graphic illustrating the circular Tether fiat scam that he believes feeds and manipulates Bitcoin. 

Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

The New York Department of Financial Services has issued a trust charter to Trust Company Inc., allowing it to issue, administer, and redeem Japanese yen and U.S. dollar-pegged stablecoins in New York. Including the charter granted to GMO, to date DFS has approved 27 charters and licenses for companies engaged in virtual currency business activity.  

Simplex Named Principal Member of Visa in Europe

Simplex, an EU-licensed financial institution that provides the fiat infrastructure for the cryptocurrency industry was approved for principal membership to the Visa network. Founded in 2014, Simplex processes credit card payments with a 100% zero chargeback guarantee. Simplex joins Coinbase in the ranks of crypto-native companies obtaining principal membership status. The exchange had previously achieved the same milestone in February 2020.