This week, major U.S.-based cryptocurrency exchange Gemini
announced that it has officially launched operations in Australia.
According to a press release, Gemini is now available in "49
U.S. states, Washington D.C., Puerto Rico, Canada, Hong Kong,
Singapore, South Korea, the United Kingdom, and Australia."
Also this week, Binance, the world's largest cryptocurrency
exchange by volume, announced plans to launch "Venus, an
initiative to develop localized stablecoins and digital assets
pegged to fiat currencies across the globe." Binance is
reportedly seeking to launch the initiative in partnership with
national governments. Some reports have described the initiative as
a potential competitor or alternative to the recently proposed
Libra project. According to a report published early this week, the
Libra project is on the agenda of a delegation of U.S. lawmakers
that will visit Switzerland, where the foundation governing Libra
is based, to meet with the Swiss Federal Data
