Kraken, the prominent cryptocurrency exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license, positioning itself for significant growth across the European Union (EU) derivative markets. Announced on February 3, this strategic acquisition was facilitated through the purchase of a Cypriot investment firm, a deal that has received the green light from the
Regulation
India appears to be re-evaluating its position on cryptocurrencies, a move that reflects a growing international trend favoring digital assets. According to reports, this reassessment follows notable shifts in the United States, where accommodating policies surrounding cryptocurrency are on the rise. The momentum generated by these progressive strategies abroad has led to intensified discussions within
XRP has emerged as one of the most discussed cryptocurrencies due to its innovative technology and strong ambitions for global financial integration. As it gains traction worldwide, buoyed by endorsements from regulatory bodies and initiatives aimed at greater adoption—including potential offerings like a Grayscale XRP ETF and CME XRP futures—its regulatory status in specific regions
On January 30, 2023, Grayscale made headlines by filing a 19b-4 Form with the New York Stock Exchange (NYSE) with an aim to convert its XRP Trust into an exchange-traded fund (ETF). Launched on September 12, 2023, this trust currently manages $16 million, representing a mere 1.2% of the total assets found within the broader
In the ever-evolving landscape of cryptocurrency, Bitcoin (BTC) has been synonymous with certain predictable cycles, characterized by periods of rapid growth followed by corrections. However, as Bitwise’s Chief Investment Officer, Matt Hougan, has pointed out, the conventional four-year cycle of Bitcoin may face challenges due to shifting economic and regulatory dynamics. Historically, Bitcoin has seen
In the rapidly evolving landscape of finance, the concept of tokenized securities has emerged as a transformative force. Vlad Tenev, CEO of Robinhood, articulated this potential in a January 28 op-ed in The Washington Post. He compellingly argued that without decisive regulatory frameworks, the United States risks relinquishing its competitive edge in financial markets. Tenev’s
In a significant move to align with emerging European regulations, Crypto.com has announced the delisting of Tether’s USDT stablecoin, set for completion by January 31. This decision marks a pivotal shift in the exchange’s operations as it strengthens compliance with the European Union’s Markets in Crypto-Assets (MiCA) framework. Alongside USDT, Crypto.com plans to remove additional
Caroline Pham, the Acting Chairman of the Commodity Futures Trading Commission (CFTC), has introduced a groundbreaking initiative aimed at fortifying the regulatory landscape of financial markets. This initiative comprises a series of public roundtables that seek to explore the challenges and opportunities posed by emerging trends in market structure, particularly in the realm of digital
The recent approval of Coinbase to launch its platform in Argentina marks a significant milestone in the nation’s burgeoning relationship with cryptocurrency. As a newly registered Virtual Asset Service Provider (VASP) under Argentina’s National Securities Commission (CNV), Coinbase’s entry into this market not only signifies the company’s expansion aspirations but also speaks volumes about the
Ripple, a major player in the blockchain and cryptocurrency industry, has recently made headlines with its acquisition of two Money Transmitter Licenses (MTLs) in the crucial states of New York and Texas. This strategic move expands Ripple’s presence significantly in the United States, increasing its total number of MTLs to 31 across the country. New