Roundup – 05/01/2019 – Stablecoin Issuers Will Likely Need Licences in Texas

Stablecoin Issuers Will Likely Need Licences in Texas

The Texas Department of Banking announced that stablecoin issuers might need licences in the future if they want to operate in the state. According to the update of a guideline, stablecoins might qualify as money. The decisive statement in the document says “In contrast, because a sovereign-backed stablecoin may be considered money or monetary value under the Money Services Act, receiving it in exchange for a promise to make it available at a later time or different location may be money transmission.” However, further analysis by the judiciary and regulative authorities is necessary to clear up the current state of affairs.

BitTorrent Will Launch Token on Tron Network

The company behind the popular peer-to-peer protocol is going to launch its own token. Binance Launchpad, the token sale platform of Binance, will launch the ICO and the token will trade under the ticker BTT. Users will be able to use the token on BitTorrents eco-system. One possible use-case would be e.g. to speed up downloads facilitated by the BitTorrent client. Another likely related news s that BitTorrent’s CEO Rogelio Choy resigned. No details about the reasons for this resignment have been made yet. Though, reportedly Choy did not agree with redirecting BitTorrent to focus development on blockchain and cryptocurrency. Tron bought BitTorrent during the summer of last year.

Coinbase Still Has Not Given Its Users Access to Their Bitcoin SV Funds

Coinbase has still not issued its Bitcoin SV to holders of Bitcoin Cash. After the fork on the 15th of November last year many exchanges restricted their users from withdrawing and/or trading their funds for a time. But while many exchanges like Poloniex or Binance have long resumed back to a normal state of affairs, Coinbase users are still complaining about not having access to their Bitcoin SV funds. Reportedly, complaints are answered with a standard response that users will receive their funds at a yet undetermined date.