The Swiss Financial Market Supervisory Authority, or FINMA, said Friday that it will propose an ordinance for stricter anti-money laundering laws for cryptocurrency businesses. The proposal calls for reducing the threshold for reporting cryptocurrency transactions from the current limit of 5,000 Swiss Francs (roughly $5,120) to 1,000 Swiss francs (roughly $1,025).
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All that is gold does not glitter—particularly the Tether Gold stablecoin. (Photo: Linda Hamilton via Pixabay)Tether launches gold-backed cryptocurrency
The new Tether Gold tokens will be backed by one fine troy ounce of gold stored in a secure Swiss vault, the company said
Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.
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Algorand puts air quality test results on a blockchain
The DeFi-focused blockchain firm is teaming up with PlanetWatch to create an immutable record of global air quality test results
In addition to using Algorand’s open-source, permissionless blockchain to quickly disseminate and permanently record pollution readings, PlanetWatch plans to use it to reward volunteers who maintain pollution sensors with Planet utility tokens.
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Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.Analysis: Cryptocurrency experts tell Senate innovation requires regulation
In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation
A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.
