Coinbase has publicly filed an S-1 with the U.S. Securities and Exchange Commission (SEC) outlining its plans to complete an initial public offering (IPO) on the NASDAQ. Accrording to the filing, Coinbase intends to raise up to $1 billion and trade under the ticker symbol of “COIN.”
Canadian digital bank VersaBank plans to launch a Canadian dollar-pegged stablecoin. VCAD will be issued by VersaBank to financial intermediary partners in exchange for Canadian dollar deposits. The partners will then offer VCAD directly to individuals and businesses for use in commerce. VCAD will be redeemable for Canadian dollars as required.
With a few days left in February, decentralised exchange (DEX) processing volumes furing the month have surpassed $60 billion, according to Dune Analytics, already higher than January’s record level.
The Mauritius Financial Services Commission (“FSC”) issued a consultation paper proposing the setting up of a comprehensive regulatory framework for a FinTech Service Provider Licence which will aim at offering providers of technology services to financial institutions with a set of guidelines to be adhered to, should they wish to operate in or from Mauritius.
* The views expressed herein are those of the author and should not be attributed to the International Monetary Fund, its Executive Board or its management.