South Korea’s Financial Services Commission (FSC) has expressed concerns over domestic securities firms that broker overseas-listed Bitcoin spot exchange-traded funds (ETFs). The FSC warns that these brokerage services may be in violation of local laws, including the Virtual Asset User Protection Act and the Capital Markets Act. This article delves into the regulatory landscape surrounding
Regulation
Grayscale, a cryptocurrency investment firm, has recently filed for a Bitcoin covered call ETF on Jan. 11. This move demonstrates Grayscale’s commitment to the growth and development of the product and the overall ecosystem surrounding it. With the new fund, investors can expect current income and participation in the price return of GBTC, Grayscale’s existing
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s spot Bitcoin ETF proposal. This groundbreaking decision is set to revolutionize the future of crypto and has massive implications for GBTC investors. Grayscale CEO Michael Sonnenshein hailed the approval as a “monumental step forward” that recognizes the transformative potential of cryptocurrencies.
In a significant development for the cryptocurrency industry, BitGo has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval places BitGo at the forefront of regulated digital payment token service providers in Asia, allowing the company to offer a comprehensive range of services to
A new report has been released by the Digital Assets and Blockchain Technology Subcommittee of the CFTC, titled “Decentralized Finance.” The report addresses the risks associated with the rapidly growing field of DeFi and raises concerns about the lack of accountability and responsibility within DeFi systems. The release of the report aligns with previous warnings
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, recently issued a cautionary advisory about investing in crypto assets. With the highly anticipated approval deadline for a spot Bitcoin exchange-traded fund (ETF) approaching, Gensler expressed concerns about the risks associated with cryptocurrencies. In a post on a social media platform, he highlighted
TechCrunch reporter Jacquelyn Melinek recently provided an update on the expected timeline for spot Bitcoin exchange-traded fund (ETF) approvals. In a statement posted on Jan. 5, Melinek acknowledged that her previous prediction of an imminent approval was not on track. According to her sources, approvals could now be expected next week, but with “no definitive
In a bid to harness the immense potential of artificial intelligence (AI) while ensuring its safe and responsible use, Senator Steve Padilla (D-San Diego) has introduced two new bills, Senate Bills 892 and 893, to establish a robust and ethical AI framework in California. The proposed legislation marks a significant step forward in addressing the