Home Finance News Stellar Lumens (XLM) Becoming a Significant Player Considered by Governments and Regulators

Stellar Lumens (XLM) Becoming a Significant Player Considered by Governments and Regulators

Stellar Lumens XLM

On January 14, 2021, there was an open protocol discussion and plan for changes to upcoming versions of the Stellar Protocol.

It was a technical discussion in which CAP-35 on Asset Clawback; CAP-35 discussion thread; CAP-29- To Allow Trust When authentication were discussed; and CAP-29 discussion thread were discussed.

For clarity, CAPs are in a public Github repo, and the discussion threads are on a public mailing list.  Anyone with genuine questions, comments, or suggestions will be able to participate in the advancement of the Stellar Protocol by joining the conversation. 

The Stellar Development Foundation Quarterly Review:  Q4 and 2020 is scheduled for January 20, 2021.  In this review, SDF CEO Denelle Dixon will lead the call to share an update on growth metrics and achievements.  She will also include the strategic highlights from the Stellar Development Foundation and Stellar network over Q4 of 2020 and the year as a whole. Further, she will be joined by SDF leaders.

Asian Financial Forum provides State of Blockchain Fireside Chat scheduled for January 18, 2021.  Also, SDF’s Head of Ecosystem, Justin Rice, will join a fireside chat on the State of Blockchain.

Justin Rice tweets is considered to be a source to understand and explore the Stellar Ecosystem and about what they are building.  This is important to destroy the myth and understandings about the network. He also answered the live questions on XLM.

Stellar Lumens (XLM) in 2021

The January 2021 Executive Director Message spoke about a new bank-issued stablecoin (EURB) from Bitbond and Bankhaus von der Heydt and also the enterprise fund investment in Settle Network in a way to support the first stablecoin exchange.

Stellar also spoke about a partnership with the Ukrainian Ministry of Digital Transformation to support their work on Digital assets and their comment letter to the Financial Crimes Enforcement Network.  These make it very obvious that Stellar Lumens (XLM) is becoming a significant player to be considered by governments and regulators.

Denelle Dixon stated that she is beyond optimistic about what this year holds for the Stellar Development Foundation and the Stellar network. They are ready to work and are working.   Stellar are making many things possible in a place where private markets are inefficient, they are facilitating DLT as an effective solution.  They are doing their best to connect the network to the existing banking infrastructure with increasing numbers of central banks considering to make use of the idea of Central Banks Issued Digital coins. More to be seen in 2021.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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