Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies

After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-7 18:56

Crypto Market Tanks: Bitcoin Correlation with S&P 500 Reaches 2021 High & USD Longs at Highest Level since June 2019

In the past 24 hours, 417,654 traders were liquidated for $2.58 billion, with Binance leading at 28% of its share despite underreporting, and now, CME is leading Bitcoin OI at $3.72 bln. The post Crypto Market Tanks: Bitcoin Correlation with S&P 500 Reaches 2021 High & USD Longs at Highest Level since June 2019 first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-4 16:46

Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF

The US Securities and Exchange Commission (SEC) denied WisdomTree’s application for a spot Bitcoin exchange-traded fund (ETF) this week. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirement that the rules of a national […] The post Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-3 19:58

Big US Banks Exploring Using Bitcoin as Collateral Against Cash Loans, Fidelity Rolls-out the Service for Institutions

Fidelity Digital Assets is set to allow its institutional customers to use Bitcoin as collateral against cash loans. This new service is for those BTC investors who want to turn their holdings into cash but don’t want to sell their crypto assets either, said Tom Jessop, president of Fidelity Digital Assets, in a statement this […] The post Big US Banks Exploring Using Bitcoin as Collateral Against Cash Loans, Fidelity Rolls-out the Service for Institutions first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-3 16:58

Crypto Regulated As Assets Can “Create A Wave Of Global Companies” Built By A Younger Generation, Says Infosys Chairman

Cryptocurrency can bring more financial inclusion, as such worth considering, said Nandan Nilekani, chairman of software services exporter Infosys at the Reuters Next Conference. Nilekani, who co-founded Infosys in 1981, said “There is a role for crypto as assets but they obviously will have to follow all the laws and make sure that it doesn't […] The post Crypto Regulated As Assets Can “Create A Wave Of Global Companies” Built By A Younger Generation, Says Infosys Chairman first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-2 19:36

Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada

Grayscale sent a letter to SEC regarding its repeated rejection of physically-backed Bitcoin ETFs, which it says violates the Administrative Procedure Act (APA). The post Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada first appeared on BitcoinExchangeGuide. äàëüøå »

2021-12-1 20:21