Starting from now, the oversight of crypto-asset service providers (CASPs) falls under the jurisdiction of the government due to recently approved European Parliament regulations. Starting on April 24, a new law was approved with the goal of enhancing the “background checks and consumer verification processes” for businesses within its reach, including CASPs (Consumer Reporting Agencies … Read more
Morgan Stanley is considering broadening its Bitcoin ETF options by enabling its 15,000 brokers to propose these financial instruments to their clients in response to the escalating interest in cryptocurrency investments. At present, the bank permits the sale of Bitcoin ETFs only when clients explicitly request it. A possible change in policy could allow financial … Read more
The US Department of Justice (DOJ) took into custody and accused the creators of Samourai wallet of money laundering. They claim that these individuals were running a cryptocurrency tumbler as a service. On Wednesday, the founders of Samourai Wallet, specifically its CEO, Keonne Rodriguez, and CTO, William Lonergan Hill, were taken into police custody. DOJ … Read more
A new proposal in the US Senate aims to redefine the stablecoin market by possibly allowing American banks to create and manage stablecoins that are pegged to the US dollar. The Payment Stablecoin Bill, presented on the 17th of April, has piqued the interest of financial organizations and observers in the financial sector. S&P Global … Read more
The BlackRock iShares Bitcoin Trust (IBIT) experienced no new investments, marking its initial day without inflows since the introduction of Bitcoin ETFs in the US market back in January. Beginning January 11th, IBIT has consistently attracted large sums of money as investments each day, amounting to around $15.5 billion in total over the past 71 … Read more