The U.S. Securities and Exchange Commission published the new application for a Bitcoin ETF recently submitted by asset manager Kryptoin Investment Advisors Delaware-based asset manager Kryptoin Investment Advisors applied with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) Exchange Traded Fund (ETF) on Oct. 15. A Bitcoin ETF on the…
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Facebook CEO Mark Zuckerberg to testify before the House of Representatives Financial Services Committee regarding Libra for the first time. Today, Oct. 23, Facebook CEO Mark Zuckerberg will testify before the United States House of Representatives Financial Services Committee regarding Libra — the company’s stablecoin project that has been facing major regulatory backlash since the…
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A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities. United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities. Libra in the United States The U.S. Representative…
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The Cyberspace Administration of China adds 309 more companies to its list of registered blockchain service providers. The Cyberspace Administration of China, the country’s central Internet regulator, censor, oversight and control agency, has published its second list of registered blockchain service providers. The new batch comprises 309 companies that are representatives of various industries, including…
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The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will now be…
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Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day? Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the…
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Libra proceeds with formalizing its governance structure amid major members dropping out, regulatory upheaval and fork attempts. Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa, eBay and Mastercard, chose to leave the…
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New York District Court postpones the hearing regarding the Securities and Exchange Commission’s injunction filing against Telegram Open Network. The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb.…
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G20 nations call upon the International Monetary Fund to examine the macroeconomic implications of global stablecoins. The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks. On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank…
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Following Telegram’s counterclaim, the SEC insisted that the firm has violated securities laws, asking the court to grant a preliminary injunction. The United States Securities and Exchange Commission (SEC) has responded to Telegram’s counterclaim, insisting that Grams are securities. Preventing Telegram from further violation Following Telegram’s counterclaim on Oct. 16, where the firm argued that…
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