Tech Brew Ride Home Tue. 12/29 – Coinbase To Suspend Trading of XRP
Dec 29, 2020
Coinbase is halting XRP trading due to SEC actions against Ripple, highlighting the complexities of crypto regulations. Ant Group is reworking its structure to better comply with regulations. Meanwhile, discussions on vaccine passports for digital verification are heating up. In financial news, Qualtrics is gearing up for a new IPO two years after its sale. Lastly, the role of car data in law enforcement raises serious privacy concerns, while a recent NFL game marks a significant milestone in streaming sports.
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Coinbase Suspends XRP Trading
- Coinbase suspends XRP trading due to SEC lawsuit against Ripple, fearing regulatory burdens if XRP is deemed a security.
- This highlights the precarious position of crypto exchanges operating outside SEC registration.
Ant Group Restructures
- Ant Group will restructure into a holding company for easier regulation, similar to a bank.
- This move aims to appease the CCP while still allowing Ant to operate in financial services beyond payments.
Digital Vaccine Records
- Los Angeles County partners with Healthvana to provide digital vaccine records via Apple Wallet and Google.
- This aims to streamline verification and potentially pave the way for broader immunity passport applications.