Stablecoin market escaping US regulatory oversight: Chainalysis
Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis.
Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis.
BlackRock, the world's largest asset manager, is stepping up its efforts for the launch of a Bitcoin spot Exchange-Traded Fund (ETF), as evidenced by recent amendments to its S-1 filing. The financial giant has procured a CUSIP, or Committee on Uniform Securities Identification Procedures number, a prerequisite in the lead-up to the ETF launch. CUSIP numbers serve as distinct identifiers for securities issued within the United States. Beyond this, BlackRock is reportedly ramping up its provisions for Seed Capital, a fundamental infrastructure for launching a new ETF. Seed Capital constitutes assets bought by the issuer itself for the recently launched product to satisfy the prospective demand for ETF shares. As per regulatory norms, a new ETF requires a minimum of 100,000 shares outstanding at launch. To meet this threshold, ETFs generally initiate with a minimum of $1 million in Seed Capital, with the figure often surpassing $2.5 million. BlackRock's recent moves, as discerned from their amended S-1 filing, indicates the company's preparations for a Bitcoin spot ETF are well underway.
The Thai government has postponed its proposed plan to issue digital currency to its citizens. Deputy Finance Minister Julapun Amornvivat confirmed the delay, indicating that the initiative to distribute 10,000 baht (approximately US$280) to each Thai citizen over the age of 16 will not commence before February 1, 2024, as initially planned. Previously, Prime Minister Setah Tasha had proposed issuing around 548 billion baht (approximately US$15 billion) in digital currency - an allotment of roughly 10,000 baht for each Thai citizen above 16. This digital currency distribution was intended to be carried out via a new "super application". The Pheu Thai Party viewed this plan as a pivotal part of their strategy for stimulating economic recovery in Thailand.
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=u04hoSzlJtA VIDEO TRANSCRIPT Hello everyone and welcome back. My name is Greg Firman and this is the VantagePoint AI Market Outlook ...
The court decision was expected by many after the SEC did not appeal an Aug. 29 ruling requiring Grayscale’s Bitcoin ETF application to be reviewed.
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets.
The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their users — including names and Social Security numbers.
Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership.
A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.
On Oct. 18, Reddit closed its blockchain-based points program that involved the use of certain crypto tokens native to subreddits.