In a strategic effort to emerge as a leader in the digital asset sector, Grayscale Investments has recently filed with the U.S. Securities and Exchange Commission (SEC) to transition its Grayscale Solana Trust into a spot exchange-traded fund (ETF). This ambitious step, if granted approval, would allow the ETF to be traded under the ticker
Regulation
In a significant move influenced by the newly emerging Markets in Crypto-Assets (MiCA) regulation, Coinbase announced it will discontinue rewards for users holding USD Coin (USDC) in the European Economic Area (EEA) effective December 1. This decision, detailed in a communication sent to customers on November 28, highlights the shifting regulatory landscape in the cryptocurrency
In a significant move towards regulating the cryptocurrency landscape, the Central Bank of Brazil (BCB) has proposed new measures that fundamentally change the operations of centralized exchanges. The proposed regulations, which prevent users from withdrawing stablecoins to self-custodial wallets, indicate a proactive approach to managing digital assets within the nation. The BCB has termed these
In a bold move to enhance its attractiveness as a financial and cryptocurrency epicenter, Hong Kong is contemplating a series of tax exemptions tailored for hedge funds, private equity funds, and affluent family offices. This proposal, recently highlighted by the Financial Times, underscores the government’s intent to cultivate an environment favorable to global asset managers
As the landscape of cryptocurrency investment continues to evolve, significant expectations are brewing around the approval of altcoin-related exchange-traded funds (ETFs). According to Eric Balchunas, a senior ETF analyst at Bloomberg, the forthcoming period promises to be “pretty wild” for cryptocurrency, especially if we do not face profound market declines. He pointed out that there
As the political landscape shifts with the pending second administration of President-elect Donald Trump, one name emerging prominently among potential candidates for chair of the U.S. Securities and Exchange Commission (SEC) is Paul Atkins. A notable figure in financial regulation, Atkins has advocated for deregulation, focusing on market-driven innovation. His appointment could signal a new
In an increasingly digital world, the banking sector is seeing a significant transformation, as evidenced by Iran’s recent announcement regarding its Central Bank Digital Currency (CBDC), known as the Digital Rial. This initiative, revealed by Central Bank Governor Mohammad Reza Farzin, aims not only to modernize Iran’s financial infrastructure but also to enhance the efficacy
Recent data from the Financial Conduct Authority (FCA) reveals a notable uptick in cryptocurrency ownership among UK adults, rising to 12% from 10%. This increase signals a growing acceptance and curiosity towards digital assets within the general populace. Interestingly, awareness levels have soared to an impressive 93%, indicating that the conversation around cryptocurrencies is rapidly
In a bold move to reshape the regulatory landscape for cryptocurrency in the United States, the Blockchain Association recently addressed President-elect Donald Trump and Congress. The nonprofit organization, which advocates for crypto and blockchain businesses, articulated a pressing agenda that highlights the sector’s desire for effective governance. The letter, penned by CEO Kristin Smith, lists
In a significant development for the cryptocurrency sector, a federal court has overturned the Securities and Exchange Commission’s (SEC) contentious dealer rule, marking a pivotal moment in the ongoing struggle between regulators and digital asset innovators. On November 21, the U.S. District Court for the Northern District of Texas ruled that the SEC had exceeded