French Finance Committee President Calls For Ban on Anonymous Cryptocurrencies—Mar 7, The Block Crypto
The Finance Committee of France’s National Assembly has prepared a report on crypto assets and blockchain with an introduction from Éric Woerth, the committee’s president. In the introduction, Woerth explains that the Committee supports blockchain as it offers great innovation, but he cautions against cryptocurrencies that provide complete anonymity to users. In fact, he proposes a ban on crypto assets designed to deliberately “prevent any possibility of [the] identification of their holders,” giving the examples of Monero, PIVX, DeepOnion, and Zcash.
Kraken Futures Trading Nears $1 Billion in Its First Month—Mar 5, Coindesk
Since Kraken acquired Crypto Facilities at the beginning of February, the futures provider has seen more than a 500% increase in trading volume. Nearly $1B has been traded in crypto futures in the past month across bitcoin, ether, litecoin, bitcoin cash, and XRP based products. Crypto Facilities’ user base increased by 400% since the acquisition, with the majority of new customers coming from Kraken. Crypto Facilities is best known for providing bitcoin and ether reference rates to CME group.
Swiss Stock Exchange SIX Will Tokenize Equity on R3’s Corda Blockchain—Mar 7, Coindesk
Like many traditional financial institutions, the SIX stock exchange is also developing a blockchain-based platform for trading, settlement, and custody services for tokenized DLT-based digital assets. They picked the R3 Corda Enterprise platform after researching various distributed ledger technologies. The platform will launch in the second half of this year and will initially be used for traditional bankable assets such as equities, bonds, funds, and structured products, all of which will be issued on their DLT to avoid issues with split liquidity between the DLT market and the traditional one. Later, other financial products may be tokenized.