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Mississippi governor says state won’t be a dictatorship on coronavirus – Axios

Mississippi Gov. Tate Reeves (R) said in a Twitter post Wednesday he rejects “dictatorship models like China,” a day after he signed an executive order in response to the novel coronavirus. Details: Reeves’ order Tuesday aims to limit people’s physical interactions, but the Jackson Free Press notes it “seems to declare that most types of […]

Retail Investors Can Now Use Paxos Gold as Collateral Against Loans

Crypto-lending platform Nexo has today, March 25, opened up the option of using PAX Gold (PAXG) as collateral against its loans to retail investors. A pilot scheme in late 2019 was limited to institutional clients and purportedly saw immediate demand for its gold-backed credit lines. Nexo’s announcement means that collateralized borrowing against high-grade gold is […]

Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

The International Organization of Securities Commissions (IOSCO) thinks global stablecoin initiatives might be subject to securities laws, according to a new report. Published Monday, the 31-page examination of regulatory issues around stablecoins – cryptocurrencies with prices pegged to a low-volatility asset reserve – stressed that jurisdiction and regulation ultimately depend on project specifics. IOSCO looked […]

ASX’s Long-in-the-Works DLT Plan on Ice Amid Coronavirus Concerns

The Australian Securities Exchange (ASX) has postponed the launch of its long-awaited distributed ledger technology (DLT) trading system due to “uncertainty” prompted by the coronavirus outbreak. The Sydney-based stock exchange paused the launch plans for its new DLT-based system that would provide same-day settlements for trades on Wednesday. Originally scheduled for April 2021, consultation on […]