• FATF stablecoin report
    Regulation

    FATF calls for clampdown on ‘so-called stablecoins’ in new report

    The Financial Action Task Force warns stablecoins have a ‘propensity for mass adoption makes them more vulnerable to be used by criminals and terrorists’

    When a powerful international financial oversight body releases a report on “so-called stablecoins,” you just know it isn’t going to be comfortable reading.

  • Celo, Bison Trails partnership
    Cryptocurrencies,  Technology

    Celo, Bison Trails partner on straight-to-phone number payments

    Celo is going to be integrated into the Bison Trails platform, helping to secure the stablecoin network as it seeks to boost financial inclusion for the unbanked

    Bison Trails says it believes Celo has the potential to become a global driver of financial inclusion—not least because of how mobile payments are the lifeblood of many developing economies.

  • Sean who? (via C-SPAN).
    Alt coins,  People

    Circle sheds another business, three executives

    The blockchain payments firm sold its Circle Trade OTC operation to Kraken, while CFO Naeem Ishaq joined co-CEO Sean Neville in heading for the door

    Six-year-old blockchain payments firm Circle announced on Dec. 17 that it has sold its Circle Trade over the counter (OTC) desk to the Kraken cryptocurrency exchange. The firm also said in addition to co-CEO Sean Neville—whose departure was announced on Dec. 4—CFO Naeem Ishaq and Chief Legal Officer Gus Coldebella were “transitioning from the company into new adventures befitting their expertise.”

  • Are tether tokens really backed by dollars? (via Shutterstock)
    Tether

    Bitfinex to launch bitcoin options

    The cryptocurrency exchange’s options will be settled in tether, the stablecoin issued by Bitfinex’s sister company; ICE and Bakkt also announced options, but settled in cash

    Bitfinex has announced plans to offer bitcoin options that will put it in direct competition with two major traditional exchange operators, Intercontinental Exchange and CME Group’s Bakkt. Both of those also announced enhanced bitcoin options choices over the past two days.