Singapore bill would expand control over crypto financial products
The Monetary Authority of Singapore would be able to give written directions on conducting unregistered business among several new powers.
The Monetary Authority of Singapore would be able to give written directions on conducting unregistered business among several new powers.
Some X accounts theorized that the Bitcoin crash was caused by GBTC redemptions, but Arkham data shows only $41 million in outflows.
The future of media, artificial intelligence and U.S. copyright law could all hang in the balance.
According to the New York regulator, Genesis had compliance failures that violated crypto and cybersecurity regulations, leaving the company “vulnerable to illicit activity.”
The South Korean Financial Services Commission may review and update its regulations with regard to the Bitcoin spot ETF trade approval in the United States.
According to the announcement, this bipartisan working group builds on the work of the Task Force on Artificial Intelligence in the 116th and 117th Congresses.
Either a good or bad investment option for retail investors, spot Bitcoin ETFs will unlikely reduce demand for BTC in the long term.
The commission said the request was related to a July ruling in which a judge said XRP only qualified as a security when sold to institutional investors.
Many speculated that the SEC chair had no choice but to approve the investment vehicle after a court-ordered review of Grayscale’s spot Bitcoin ETF application.
Canada has had a spot BTC ETF for years, but the surge in interest from the U.S. may boost its neighbor’s market and increase competition.