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Bitcoin News Roundup for March 9, 2020
Markets crater as scams plague bitcoin. This is the Markets Daily Podcast from CoinDesk.
Updated Sep 14, 2021, 8:17 a.m. Published Mar 9, 2020, 5:28 p.m.
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Today's news:
Bitcoin Falls to 1-Month Low Below $8K Amid Global Market Rout
Bitcoin's Sharp Price Drop May Have Been Prompted by $100M Scam Selloff
Asset Ratings Giant Morningstar Takes First Plunge Into Blockchain Securities
Rapper Akon's first dapp on Akoin platform tokenizes mobile airtime
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant
Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.
What to know:
- Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
- A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
- Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
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