The Marshall Islands is moving forward with its plans to develop a blockchain-based national digital currency that the government hopes will reduce reliance on the U.S. dollar, Bloomberg reported on Wednesday. When launched, the Marshallese sovereign (SOV) is expected to be recognized as the island nation’s legal tender.
Blockstack has announced that its SEC-approved token offering closed on September 9, after raising a total of $23 million. Blockstack co-founder and CEO Muneeb Ali announced the news in a recent blog post that thanked the thousands of investors who participated in the sale:
If Facebook’s Libra project expects to operate within the United States, it will need to do so in full compliance with U.S. anti-money laundering and counter-terror financing regulations, according to U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker.
Tether today announced the launch of its CNHT cryptocurrency, a stablecoin that will be pegged to the offshore Chinese yuan (CNH). The launch was confirmed in an announcement posted on the company’s website on Monday.
Binance has outlined its plan for the launch of Binance.US, including the steps customers will need to take to register. In a recent post on Medium, Binance detailed the know-your-customer requirements customers must meet and confirmed that the service will be available in the United States in the “coming weeks.”