JoeShon "Joe" Monroe from A Stellar World Podcast brings Public Node's Weekly Wrap-Up of Stellar-related news.
In news this week, the Stellar Development Foundation (SDF) provided an important update to the Financial Crimes Enforcement Network's (FinCEN) Notice of Proposed Rulemaking (NPRM) on “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets”. Specifically, FinCEN extended the initial comment period which allowed the SDF, and other blockchain advocates, to submit supplemental comments.
The SDF states, "No matter how you slice it, the FinCEN NPRM seeks to apply a regulatory framework designed for a centralized, intermediary-based financial system. That’s not suited for blockchain. We look forward to the role we can play to help future regulation represent new thinking that accounts for what makes this technology unique and how it can help regulators and innovators achieve their shared goals."
SDF CEO Denelle Dixon makes an appearance on Coindesk to discuss the digital dollar projects on the Stellar network in Bermuda and Ukraine and why she’s excited about other crypto projects in Nigeria, Mexico, Argentina and Brazil.
Last, the SDF scheduled their Q1 2021 review for April 13th at 9:00 am PT. Denelle and other SDF leaders will share the progress they've made in the start of 2021. They will cover growth metrics for the Stellar network and other strategic highlights and achievements from the Stellar Development Foundation over the first quarter.