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The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that “authorized participants” (APs) for crypto exchange-traded products (ETPs) can now execute in-kind transactions, in line with all other commodity-based ETPs. APs are financial institutions that create and redeem ETP shares based on market demand. The creation and redemption processes are most efficient and cost-effective … Read more
A groundbreaking bill forces federal mortgage giants to recognize digital assets in loan decisions, unlocking homeownership for crypto holders without requiring conversion to cash. New Bill From Senator Lummis Puts Crypto Into US Housing Finance Equation U.S. Senator Cynthia Lummis (R-WY) unveiled the 21st Century Mortgage Act on July 29, aiming to modernize federal mortgage … Read more
The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on the other hand, would be classified as “financial virtual assets.” Uruguay to Clarify Status of Bitcoin and Other Virtual Assets in New Regulation The Central … Read more
The Indian cryptocurrency policy is currently in “regulatory limbo” and to remedy this, the country needs to implement a “rights-first” framework that gives residents “constitutional-level” rights to self-custody assets. India’s Crypto Regulatory Impasse India’s crypto policy remains in “regulatory limbo,” with policymakers largely relying on existing statutes since the Supreme Court lifted a central bank-imposed … Read more
The Ghanaian central bank is set to introduce a draft regulatory framework for licensing digital asset companies by September. Acknowledging Crypto’s Enduring Presence The Ghanaian central bank has reiterated its goal to license digital asset companies, stating that a draft regulatory framework to oversee them is set to be tabled in the nation’s parliament by … Read more
Following the passage of the GENIUS Act, which regulates stablecoin issuance, Anchorage Digital has partnered with Ethena Labs to launch a U.S.-compliant version of the USDtb stablecoin. A New Era for Stablecoin Compliance Just days after U.S. lawmakers passed sweeping digital asset legislation—including the landmark GENIUS Act regulating stablecoin issuance—Anchorage Digital, a federally chartered crypto … Read more
A South Korean financial regulator has issued verbal guidance to domestic asset management companies, advising them to limit the proportion of cryptocurrency-related stocks in their exchange-traded funds. Rising ‘Coin Theme’ Stock Inclusions Spur Caution South Korea’s Financial Supervisory Service (FSS) has reportedly issued verbal guidance to domestic asset management companies, urging them to limit the … Read more
A high-profile crypto ETF holding bitcoin, ether, XRP, and more wins SEC approval, but a surprise stay halts its launch, leaving markets hanging in suspense. SEC Stay Delays Launch of Bitwise ETF Featuring Bitcoin, Ether, XRP, and More The U.S. Securities and Exchange Commission (SEC) approved a major multi-asset crypto exchange-traded fund (ETF) on July … Read more
Coinshares Asset Management has become the first continental European regulated asset manager authorized under the EU’s Markets in Crypto-Assets (MiCA) regulation. Coinshares Asset Management Reaches MiCA Regulatory Milestone According to the announcement shared with Bitcoin.com News, the authorization, granted by the French Autorité des marchés financiers (AMF) to the French subsidiary of Coinshares International Limited, … Read more
While Republican House Speaker Mike Johnson made the controversial move to shut down the House early to prevent Congress from grilling Jeffrey Epstein’s former partner and convicted sex trafficker, Ghislaine Maxwell, Wyoming Senator Cynthia Lummis, the so-called “Crypto Queen,” published a press release on Tuesday afternoon imploring the Senate to remain in session for the … Read more