
The Short STOry
By Stefan Loesch
Stefan Loesch is the author of a popular book on Fintech regulation, a financial services veteran at JPMorgan and McKinsey, and a thought leader on STOs. In his daily podcasts he provides concise expert commentary on one topic of interest arising from the news.
If you are an expert yourself, someone aspiring to become an expert, or are just interested in the topic, this is the podcast for you.

The Short STOryJun 06, 2020

Introducing the TheShortSTOry Botcast
I was having a bit of a hiatus, but I think I've quite a decent excuse, because I was extremely busy. Apart from my other project I was working on the Bancor release v2.1 where I was retained to write the economic analysis paper. This was actually very exciting, and I _will_ make a podcast or two about it I promise. More exciting however is my new **Botcast** project which I believe is a world first: all TheShortSTOry podcasts will be available via a Telegram chatbot. This bot is, not unsurprisingly, called @TheShortSTOrybot. Go check it out!
1. https://t.me/TheShortSTOrybot
2. https://blog.bancor.network/proposing-bancor-v2-1-single-sided-amm-with-elastic-bnt-supply-bcac9fe655b
3. https://drive.google.com/file/d/1en044m2wchn85aQBcoVx2elmxEYd5kEA/view

Uniswap Papers ep. 2: The Reckoning
Today we will be discussing the second part of the Uniswap paper [1]. If you found yesterday's episode a bit dry, worry not. This one is more fun and economics, the mathematics stuff is mostly over. We are now moving on to the economics implications, and those are very interesting. Also honorable mentions of Sushiswap [3].
1. https://theshortstory-podcast.com/papers/202009-uniswap-multipool/#part2
2. https://theshortstory-podcast.com/papers/202009-uniswap-formulas/
3. https://thedefiant.substack.com/p/sushiswaps-vampire-scheme-hours-away

The Uniswap papers
1. theshortstory-podcast.com/papers/202009-uniswap-formulas/
2. theshortstory-podcast.com/papers/202009-uniswap-multipool/

The new SEC rules for accredited investors (with Jeff Bandman)
1. www.linkedin.com/in/jeffbandman/
2. www.linkedin.com/company/bandman-advisors/
3. www.bandmanadvisors.com/
4. www.unic.ac.cy/blockchain/u-blockchain-law-regulation-and-policy/
5. www.linkedin.com/posts/jeffbandman_sec-modernizes-the-accredited-investor-definition-activity-6704379921923379200-UGgx
6. www.sec.gov/news/press-release/2020-191
7. www.sec.gov/rules/final/2020/33-10824.pdf

Japanese messaging giant LINE in massive new push into crypto
1. www.coindesk.com/line-launches-digital-asset-wallet-and-blockchain-development-platform
2. cointelegraph.com/news/line-expands-blockchain-and-crypto-product-portfolio-with-two-new-additions

Man bites dog; also: Korea's ICON blockchain offers ID services to established banks
1. cointelegraph.com/news/icon-app-offers-remote-kyc-for-south-koreas-second-largest-bank
2. cointelegraph.com/news/four-of-the-top-five-south-korean-banks-to-offer-crypto-services
3. https://icon.foundation/?lang=en

Ethereum is a Dark Forest
1. medium.com/@danrobinson/ethereum-is-a-dark-forest-ecc5f0505dff
2. en.wikipedia.org/wiki/The_Dark_Forest
3. www.amazon.co.uk/dp/B00U7G0UYI/
4. twitter.com/danrobinson

What color does Uniswap bleed?
1. theshortstory-podcast.com/2020/08/what-color-does-uniswap-bleed/202008-LOESCH-What-color-does-Uniswap-bleed.pdf

Thomas Naegele's assessment of EU and Liechtenstein securities law with respect to security tokens
1. medium.com/@thomas.naegele/secondary-market-for-security-tokens-the-need-for-a-new-regulatory-approach-at-the-european-e922e4ca04

Ethereum Classic 51% attack nets 5.6m
www.coindesk.com/ethereum-classic-undergoes-likely-51-attack-with-3693-block-chain-reorganization
blog.bitquery.io/attacker-stole-807k-etc-in-ethereum-classic-51-attack
arxiv.org/abs/2002.10736
twitter.com/Edmund_Schuster

The Exordium aka Infinite Fleet STO
The main deal platform seems to be BnkToTheFuture [5] who has supported quite a lot of companies raising fund in the crypto space, including Kraken [6,7]. The issuance is a SAFT, but they are planning to use the Liquid Network [10] eventually. Also involved STOKR [9] hence the deal being registerd both in the US and in Luxemburg.
For those interested in the legal framework under which the offering takes place, STOKR seems to only have an agent payments license from the French ACPR.
1. coinjournal.net/news/infinite-fleet-raises-3-1m-in-private-security-token-offering/
2. www.coindesk.com/charlie-lee-adam-back-private-sto-round-blockchain-game-infinite-fleet
3. cointelegraph.com/news/samson-mows-infinite-fleet-game-raises-31m-on-bnktothefuture
4. www.infinitefleet.com/gamecurrency
5. bnktothefuture.com
6. app.bnktothefuture.com/companies
7. www.coindesk.com/over-2000-investors-back-kraken-crypto-exchanges-13-million-crowdfunding
8. www.coindesk.com/bnktothefuture-ceo-50-percent-of-funding-will-be-through-security-tokens-in-2020
9. stokr.io
10. stokr.io/legal
11. liquid.net
12. www.businessinsider.com/litecoin-founder-charlie-lee-on-decision-to-sell-entire-crypto-holding-2018-4

tZero updates their investors -- and it's not all a happy update
1. www.tzero.com
2. www.businesswire.com/news/home/20200729005299/en/tZERO-CEO-Saum-Noursalehi-Update-Company-Progress
3. www.coindesk.com/tzero-jobs-salaries-gears-another-funding-round
4. thetokenizer.io/2020/06/14/tzero-delivers-record-results-in-may-2020/
5. cointelegraph.com/news/tokenized-real-estate-hasnt-lived-up-to-the-hype-property-researcher

New Shore Invest - yet another German shipping token
IMPORTANT DISCLAIMER: THIS IS NOT INVESTMENT ADVICE, I HAVE NO VIEW AS TO WHETHER THIS IS A GOOD INVESTMENT OR NOT, AND I AM IN NO WAY RELATED TO THAT PARTICULAR ISSUANCE. What I found interesting was that (a) there are two retail-focused German shipping offerings in the news, the one I talked about recently [1,8-11] and this one [6,7], and they have chosen markedly different investment structures.
1. theshortstory-podcast.com/2020/07/the-green-ship-security-token-offering/
2. www.btc-echo.de/ahoi-tokenisierung-investmentgelegenheiten-auf-hoher-see/
3. www.ico.li/de/new-shore-invest-lanciert-digitale-schiffsfinanzierungsplattform/
4. hansa-online.de/2019/10/featured/137096/hamburger-online-plattform-will-kg-modell-wiederbeleben/
5. blockchainwelt.de/sto/new-shore-invest-sto/
6. new-shore-invest.de/
7. new-shore-invest.de/wp-content/uploads/2020/05/WIB_RHAS-5_Stand-12_05_2020.pdf
8. de.cointelegraph.com/news/vogemann-raises-investment-capital-with-its-first-sto
9. www.vogemann.de/green-deal/
10. greenshiptoken.com/
11. www.fma-li.li/files/wp/20200703-green-ship-token-prospekt-final.pdf

What is Ampleforth?

Banque de France selected companies for CBDC trial, and related news
1. www.fintechdirect.net/2020/07/21/banque-de-france-turns-to-grateful-eight-for-cbdc-tests/
2. www.btc-echo.de/cbdc-frankreich-startet-testlauf-fuer-digitalen-euro
3. www.crowdfundinsider.com/2020/07/164330-banque-de-france-announces-cbdc-candidate-selections/
4. www.banque-france.fr/communique-de-presse/liste-des-candidatures-retenues-pour-les-experimentations-de-monnaie-digitale-de-banque-centrale
5. business.inquirer.net/303055/philippine-treasury-is-asia-pioneer-in-leveraging-distributed-ledger-technology-blockchain-for-treasury-bonds
6. cointelegraph.com/news/kazakhstan-needs-national-crypto-to-fight-corruption-says-local-official
7. www.seba.swiss/news/banque-de-france-candidates-testing-integration-cbdc/
8. www.iznes.io/en
9. www.liquidshare.io
10. prosperus.tech

Cloudcoin and the old school way of transferring value
1. cointelegraph.com/news/blockchain-free-cloudcoin-claims- secure-email-to-email-transactions/amp
2. cloudcoin.global
3. cloudcoin.global/uploads/CloudCoinWhitePaper2020.pdf

The Green Ship Security Token Offering
The article announcing this is so far only available in German [1], but there is a lot of information on the sponsor's page [2] and the subscription page [3]. The prospectus has been approved by the FMA Liechtenstein [4].
1. de.cointelegraph.com/news/vogemann-raises-investment-capital-with-its-first-sto
2. www.vogemann.de/green-deal/
3. greenshiptoken.com/
4. www.fma-li.li/files/wp/20200703-green-ship-token-prospekt-final.pdf

Binance issues Swipe-powered debit card against crypto balances
1. www.coindesk.com/binances-crypto-card-goes-live-for-eu-uk-markets-today
2. cointelegraph.com/news/binances-swipe-powered-crypto-debit-card-debuts-in-europe
3. cointelegraph.com/news/binance-ceo-cz-showcases-first-use-of-binance-card
4. twitter.com/cz_binance/status/1281593589982621696
5. www.coindesk.com/binance-acquires-crypto-debit-card-provider-swipe-for-undisclosed-sum

How Public Key Infrastructure Will Revolutionize Custody and Fund Management
1. www.coindesk.com/how-public-key-infrastructure-will-revolutionize-custody-and-fund-management
2. theshortstory-podcast.com/2020/06/how-public-/-private-keys-will-change-the-world-of-financial-services-and-custody/
3. ec.europa.eu/digital-single-market/en/discover-eidas
4. www.cmegroup.com/education/courses/managed-futures/what-are-managed-futures.html
5. theshortstory-podcast.com/2020/05/putting-the-fun-back-in-fractionalisation/
6. solara.io/knowledge-base/what-is-proof-of-fusion/
7. theshortstory-podcast.com/2020/05/sequioa-capital-is-investing-in-ai-investment-platform-vise/
8. theshortstory-podcast.com/2020/05/charles-schwab-offers-fractionalised-stock-trading/

Did someone really just pay a few million dollars in fees? Twice? Or was this money laundering?
1. decrypt.co/31956/an-ethereum-user-lost-5-2-million-in-two-massive-mistakes
2. twitter.com/lawmaster/status/1270948475883134978
3. etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c
4. twitter.com/gakonst/status/1270955885502836736
5. twitter.com/etherchain_org/status/1270927030817873920

Securitize pays out dividend-like payment on-chain
1. www.coindesk.com/securitize-dividend-digital-security-payouts
2. www.securities.io/listing/lottery-com/
3. theshortstory-podcast.com/2020/05/tokenisation-and-fractionalisation-a-ten-year-vision/

Are CBDCs a threat to commercial banking? The Philedelphia Fed weighs in
1. cointelegraph.com/news/central-bank-digital-currencies-endanger-private-banks-says-federal-reserve
2. www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-19.pdf
3. cointelegraph.com/news/digital-dollar-project-releases-white-paper-laying-out-groundwork-for-us-cbdc
4. www.digitaldollarproject.org/publications
5. static1.squarespace.com/static/5e16627eb901b656f2c174ca/t/5ecfc542da96fb2d2d5b5f15/1590674759958/Digital-Dollar-Project-Whitepaper_vF.pdf
6. cointelegraph.com/news/imf-official-says-public-private-cbdc-offers-best-of-both-worlds

Commit / reveal, hashes, and how to play "Rock, Paper, Scissors" over Slack
The course is now full, but we'll run it again in the not too distant future. If you are interested, contact me [1] or have a look at the course page [2].
This podcast also exists as a YouTube video [3].
1. linkedin.com/in/skloesch
2. www.unic.ac.cy/blockchain/security-token-strategy/
3. www.youtube.com/watch?v=I9DXRY6ez50

Blockchain voting, corporate governance and liquid democracy (with Dr Mark van Rijmenam)

How public / private keys will change the world of financial services and custody

Gemini exchange platform integrates with Samsung mobile phone wallets
1. beincrypto.com/crypto-exchange-gemini-makes-its-way-to-samsungs-blockchain-wallet/
2. theshortstory-podcast.com/2020/05/samsungs-new-mobile-crypto-chip-with-ken-tindell/

Ethereum's aggregate market cap now 50% in ERC20 tokens
1. beincrypto.com/nearly-half-of-ethereum-total-value-comprised-of-erc-20-tokens/
2. twitter.com/ryanwatkins_/status/1266019725626179584?s=21
3. messari.io/article/the-evolution-of-value-on-ethereum ($)

Samsung’s new mobile crypto chip (with Ken Tindell)
1. www.mobilepaymentstoday.com/news/samsung-upgrades-security-chip-solution-for-mobile/
2. cointelegraph.com/news/samsungs-new-chip-to-secure-crypto-transactions-on-mobile-devices
3. news.samsung.com/in/samsung-elevates-data-protection-for-mobile-devices-with-new-security-chip-solution
**Dr Ken Tindell, CTO, Canis Automotive Labs.** Ken is a technologist and entrepreneur. He holds a doctorate in real-time systems from the University of York and in the past has been the CTO of several startups. In the late 1990s he founded LiveDevices to develop embedded software for automotive applications and what we now call Internet-of-Things, and was subsequently acquired by Bosch. He also co-founded Volcano Communications Technologies, a joint venture with Volvo Cars and Motorola, that developed communications software for CAN bus and developed the LIN protocol, and was acquired by Mentor Graphics. He currently is the CTO of Canis Automotive Labs, a hardware IP company focused on securing communications and computation in automotive systems.
1. linkedin.com/in/kentindell
2. twitter.com/kentindell (@kentindell)
3. kentindell.github.io

Italian banking reconciliation platform Spunta adds another 23 members
1. www.finextra.com/pressarticle/82636/more-italian-banks-join-spunta-dlt-platform
2. www.finextra.com/newsarticle/35715/italian-banks-go-live-on-spunta-banca-dlt-platform
3. www.ledgerinsights.com/italian-bankers-test-reconciliation-blockchain-with-a-years-transactions/
4. www.r3.com/wp-content/uploads/2019/04/Spunt_CS_R32018.pdf
5. www.r3.com/wp-content/uploads/2020/04/Spunta_Corda_CS_R3_Digital_2020-copy-1.pdf
6. www.abilab.it/home
7. www.r3.com
8. www.nttdata.com/global/en/
9. www.sia.eu/en/

On (Ca)Libra the next shoe drops
In related news, after having hired a regulatory-savy CEO [2] the Libra Association (which is independent of Facebook's division in charge of Novi) hires more people with regulatory experience [3].
1. www.coindesk.com/libra-facebook-blockchain-digital-wallet-novi-calibra
2. theshortstory-podcast.com/2020/05/libras-got-a-new-ceo/
3. www.btc-echo.de/flirt-mit-den-behoerden-libra-holt-sich-verstaerkung-fuer-kyc-und-aml-compliance

Consensus interviews - Part 2
**Brian Nistler, Attorney, Lowenstein Sandler.** Brian advises clients on legal, regulatory, and compliance matters related to broker-dealers, investment advisers, and cryptocurrency-focused businesses in the firm’s emerging practice representing regulated financial technology companies, including brokerage platforms, robo-advisers, crypto exchanges, and money transmitters. He also has experience advising venture capital funds, hedge funds, and private equity funds in various regulatory and compliance matters.
His experience includes serving as a liaison between clients and regulatory agencies regarding the changing regulatory environment concerning broker-dealer formation and changes to business, ICOs, investments in and custody of digital assets, P2P lending, digital asset exchanges, crowdfunding, and other emerging fintech. Brian has also handled regulatory investigations initiated by the SEC, CFTC, DOJ, and self-regulatory organizations. He has drafted a variety of agreements and no-action letters and conducted extensive research, drafting, and advising regarding the Dodd-Frank Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Exchange Act, and the JOBS Act.
Prior to joining the firm, Brian worked as a regulatory analyst for the Financial Industry Regulatory Authority (FINRA). While in law school, he interned at the Commonwealth’s Attorney’s Office in Arlington, Virginia, served as a law clerk for NPR’s General Counsel, and clerked for the Fraud and Corruption Section of the U.S. Attorney's Office for the District of Columbia.
1. www.linkedin.com/in/brian-nistler/
2. twitter.com/Briannistler
3. www.lowenstein.com/people/attorneys/brian-nistler
**Carlos Cabrera, CFO, Sigma Capital and Quorum Ambassador Canada.**
1. www.linkedin.com/in/carlosgcabrera
**Laura Harper Powell, Regulatory Policy Attorney.** Laura is a regulatory policy attorney, engaging on fintech and blockchain issues msotly in the US.
1. www.linkedin.com/in/lauraharperpowell

Hyperledger Cactus grows up (with Thomas Barker)
My sincere apologies for overrunning my time budget on this occasion -- my discussion with Thomas is almost 17 minutes. I did not have the heart to cut it as I think it is a good discussion on an important topic, but I promise I'll try to do better next time.
1. wiki.hyperledger.org/display/cactus
2. www.hyperledger.org/blog/2020/05/13/tsc-approves-hyperledger-cactus-as-new-project
**Thomas Barker.** Graduating from the University of Warwick in 2004, Thomas wrote the words ‘Digital money techniques allow creation of unforgeable tokens’ in the future research section of his final report. Sadly he is not Satoshi, but does bring with him over a decade of engineering experience within FinTech. Thomas was the first outside technology hire of both P2P lending market Zopa, now valued over £400m, and BullionVault, a retail gold broker with Assets-Under-Management of over $2bn. He has been involved in the Ethereum community from the start. Attending every Devcon across three continents, and has been involved in a number of startups trying to bring blockchain into real work commerce. Presently, Thomas consults for a number of clients across Europe from tiny startup to giant banks.
1. thomasbarker.com
2. twitter.com/thomasbarkercom/ (@thomasbarkercom)
3. theguywhousedtoworkat.com

BLOG: Putting the “Fun“ back in Fractionalisation
1. theshortstory-podcast.com/2020/05/putting-the-fun-back-in-fractionalisation/

Consensus interviews - Part 1
**Lourdes Miranda, Principal, Miranda FinIntel Consulting LLC.**
A Washington, DC-based cryptocurrency and blockchain compliance analyst and investigator; a financial crimes investigator; a Bank Secrecy Act and Anti-Money Laundering compliance officer and investigator; a former CIA officer and a FBI analyst with decades of experience in both the private and public sector. She is Certified Anti-Money Laundering Specialists and a Certified Fraud Examiner. As a consultant, she specializes in cyber counter-threat finance investigations, compliance, and financial intelligence collection and analysis for the US intelligence community, US law enforcement agencies, US and international financial institutions, the legal industry as well as the for the trade industry.
1. www.linkedin.com/in/lourdescmiranda-crypto-aml-investigations-intelligence
** Harrison Wright aka The Blockchain Recruiter.** Recruitement services in the blockchain space.
1. www.linkedin.com/in/the-blockchain-recruiter
**John McLauglin, CEO of McKurz Capital.**
McKurz Capital are developers of defi products that are end-user friendly. They also provide STO derivative products. Their DEX is at mckurzcapital.com.
1. mckurzcapital.com

The EU non-paper on crypto regulation
1. www-cityam-com.cdn.ampproject.org/c/s/www.cityam.com/as-digital-assets-ready-to-mainstream-governments-respond/amp/

Sequioa Capital is investing in AI investment platform Vise
1. www.businessinsider.com/vise-raised-14-million-series-sequoia-capital-fintech-wealth-management-2020-5
2. vise.com
3. theshortstory-podcast.com/2020/05/charles-schwab-offers-fractionalised-stock-trading/
4. theshortstory-podcast.com/2020/05/tokenisation-and-fractionalisation-a-ten-year-vision/

The dangers of sending crypto funds to the wrong address
1. cointelegraph.com/news/eth-community-discuss-dao-for-reversing-funds-lost-to-wrong-addresses
2. www.reddit.com/r/ethfinance/comments/geek8d/daily_general_discussion_may_6_2020/
3. tokenmarket.net/ethereum-address-validator
4. github.com/ethereum/EIPs/blob/master/EIPS/eip-55.md
5. learnmeabitcoin.com/guide/checksum
6. https://ens.domains
7. papers.ssrn.com/sol3/papers.cfm?abstract_id=3476678

BLOG: Tokenisation and fractionalisation -- A ten year vision
theshortstory-podcast.com/2020/05/tokenisation-and-fractionalisation-a-ten-year-vision/

ANNOUNCEMENT: I am setting up a virtual networking corner. Please drop in!
As I was asked what "Zoom networking" is, let me briefly describe how it worked. The app (Brella; it had a few glitches but it got the job done) initially asked you to fill in your profile, including your interests. Then it matched you with others, and essentially you went through the list and suggested whom you wanted to meet. Brella was managing everyone's schedule, so you suggested already a specific 15 minutes time slot for a meeting, and the other person could accept, reject, or reschedule. Super easy. And I probably had 10-20 conversations per day, and I have to say that everyone I spoke to was super nice, the conversation was good, and I literally do not regret a single meeting. So also shoutout to everyone I met -- you are awesome!
So if you are interested networking with me, just follow the calendly link [2], book a spot, and we are on (I'll send you a Zoom link so please do make sure you have Zoom installed [4] by the time we talk). If you really can't make it during my "office hours", say because your time zone is such that it is the middle of the night for you, then feel free to book a 15 minutes slot on my regular calendar [3], mentioning that you'd like to network and that my regular hours dont work for you.
I am looking to seeing you in my virtual office -- and don't be shy. Just drop in!
1. theshortstory-podcast.com/pages/networking/
2. calendly.com/skloesch/networking
3. calendly.com/skloesch/15min
4. zoom.us

Visa's patent for a blockchain currency
![Telegram cancels TON, [probably] reimburses investors](https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded400/5146811/5146811-1588366467903-0e2425f55e7d2.jpg)
Telegram cancels TON, [probably] reimburses investors
1. telegra.ph/What-Was-TON-And-Why-It-Is-Over-05-12
2. techcrunch.com/2020/05/12/telegram-abandons-its-ton-blockchain-platform/
3. www.theverge.com/2020/5/12/21256407/telegram-cryptocurrency-shutdown-sec-gram
4. cointelegraph.com/news/breaking-telegram-abandons-telegram-open-network-and-gram-tokens
5. www.coindesk.com/telegram-abandons-ton-blockchain-project-after-court-fight-with-sec
6. www.themoscowtimes.com/2020/05/08/will-telegram-ever-launch-its-ton-blockchain-platform-a70221
7. en.bitcoinwiki.org/wiki/TON

JPMorgan now serves CoinBase and Gemini
1. www.theblockcrypto.com/post/64906/jpmorgan-now-serves-crypto-exchanges-coinbase-and-gemini-first-clients-report
2. www.wsj.com/amp/articles/jpmorgan-extends-banking-services-to-bitcoin-exchanges-11589281201 ($)
2. www.theblockcrypto.com/linked/35904/barclays-cancels-banking-deal-with-coinbase-report
3. theshortstory-podcast.com/2020/05/tethers-missing-800m/

Consensus 2020
1. www.coindesk.com/events/consensus-2020
2. next.brella.io/events/consensusdistributed/people

No podcast today, but check out the links
1. theshortstory-podcast.com/2020/05/the-economics-of-bitcoin-mining/
2. www.coindesk.com/the-coindesk-50
3. twitter.com/coindesk/status/1258386423188795393
4. www.coindesk.com/events/consensus-2020

The Ben Elliot Token, or how to raise financing as an up and coming artist
1. token.ben-elliot.com
2. twitter.com/benelliottoken
3. cointelegraph.com/news/french-artist-launches-personal-crypto-tied-to-value-of-his-career-and-output
4. fadmagazine.com/2020/05/01/the-artist-ben-elliot-is-launching-the-first-art-cryptocurrency-in-2021-named-the-ben-elliot-token-bet/

Paul Tudor Jones invests in Bitcoin ... futures
1. www.bloomberg.com/news/articles/2020-05-07/paul-tudor-jones-buys-bitcoin-says-he-s-reminded-of-gold-in-70s
2. www.coindesk.com/hedge-fund-pioneer-turns-bullish-on-bitcoin-amid-unprecedented-monetary-inflation
3. twitter.com/mdudas/status/1258533777539620864
4. eng.ambcrypto.com/is-lack-of-crypto-custody-safeguards-preventing-institutional-adoption/

Libra’s got a new CEO
1. www.forbes.com/sites/robertanzalone/2020/05/06/libra-hires-former-bush-and-obama-under-secretary-as-first-ceo/
2. www.paymentssource.com/articles/libra-association-names-stuart-levey-as-ceo-ahead-of-regulatory-push
3. www.coindesk.com/libra-association-names-hsbc-chief-legal-officer-as-first-ceo
3. www.coindesk.com/libra-association-names-hsbc-chief-legal-officer-as-first-ceo
4. libra.org/en-US/white-paper/

Charles Schwab offers fractionalised stock trading

Malaysia eases regulations for distribution of digital securities
1. www.sc.com.my/resources/media-releases-and-announcements/sc-issues-new-guidelines-on-advertising-for-capital-market-products-and-services
2. www.finextra.com/pressarticle/82386/securities-commission-malaysia-to-allow-operators-of-e-wallets-to-distribute-capital-market-products

ECB publishes assessment of global stable coins
1. www.ecb.europa.eu//pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202005_1~3e9ac10eb1.en.html
2. cointelegraph.com/news/european-central-bank-calls-for-proactive-stablecoin-regulation