Having received approval from German regulator BaFin, London’s ETC Group will launch the physically-settled Bitcoin ETC by the end of this month.
The regulators have signed a MoU which makes it easier for either of them to enter other’s market and strengthen their positions as FinTech hubs.
The OCC has reached out to the public to understand the use of cryptocurrency and blockchain services and its co-relation with the existing banking and financial services.
Bitcoin has finally managed to surpass the $10,000 threshold during a rapid bull run that led to a $500 value increase during a few hours.
The report from CipherTrace shows that a large number of transactions from Bitcoin ATMs are cross-border hence the regulators want to have a check on illicit financial transactions.
The ETH price has seen a steady surge after the crypto market correction of March 2020. Some positive developments with Ethereum 2.0 Layer 2 scalability have keep the excitement rolling.
With BTC convincingly breaking its $10,000 resistance, analysts think that the economic turmoil in the U.S. and the chances of negative interest rates could create massive demand for Bitcoin and Gold.
IMF’s head of the monetary capital markets division said that private players will lead for innovation and implementation while the public sector will work on the regulatory aspect.
The Ministry of Economy and Finance of South Korea has proposed amendments to the existing taxation laws that will be presented to the national assembly this September.
A wave of volatility has gone through the cryptocurrency market this week, thus leading to an overall price dip, which was quickly followed by an abrupt increase in prices.