Blockchain Daily Digest – October 14th, 2019

1. Telegram Issues Letter to Investors After SEC Files Restraining Order and Sets Hearing on Oct. 24
   Telegram Open Network (TON) developers responded to investors in a letter regarding the United States Securities and Exchange Commission (SEC) announcing that the GRM token offering was illegal. 
   
   
2. G7 Reports Stablecoins Like Libra Threaten Financial Security
   The G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.
   
   
3. Heads of SEC, CFTC and FinCen Jointly Warn Crypto Industry to Follow Regulations
   The heads of the three major U.S. financial regulators have issued a joint statement warning the cryptocurrency industry to adhere to banking regulations in the development of digital assets. 
   
   
4. China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted
   One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. 
   
   
5. Coinbase Secures an E-Money License From the Central Bank of Ireland
   US-based cryptocurrency exchange, Coinbase, has just been granted an e-money license in Ireland by the Central Bank of Ireland as it continues its expansion into Europe.

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