Circle, the issuer of USDC and EURC, has registered as an electronic money institution (EMI) in France, becoming the first global stablecoin issuer to achieve compliance with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.
MiCA, which the EU passed last year, is the world’s first comprehensive law specifically governing how crypto companies should operate.
Coinbase is drawing attention to the SEC’s inconsistent statements over the years regarding cryptocurrency regulations.
In 2018, the SEC said digital assets aren’t securities, but in 2021 and 2024, they claimed they are.
In 2021, the SEC initially said no market regulator for crypto exchanges existed, but a year after they said that Congress provided a broad framework.
The SEC said the existing laws were unclear, admitting uncertainty about digital assets being securities in 2020. But in 2023, they said there is a clear regulatory framework built up over 90 years.
According to GSR, crypto market maker, Solana is poised to become the next major cryptocurrency to receive a spot ETF, following Bitcoin and Ethereum, due to its strong technology and high demand, potentially leading to significant price increases.
During the US presidential debate between Joe Biden and Donald Trump, there was no mention of cryptocurrency and Bitcoin.
Biden and Trump traded criticisms on key issues including the conflicts in Ukraine and Gaza, immigration policies, abortion rights, and threats to American democracy.
JPMorgan analysts predicted that Bitcoin sales from Mt. Gox will exert pressure on crypto markets initially in July, but markets are expected to recover by August.
Mt. Gox clients will receive 142k BTC ($8.6bn) between July and October 2024.
Additionally, FTX payouts could drive crypto market growth, with clients receiving $11bn in fiat, potentially reinvested in cryptocurrency in October-November.
Earlier, JPMorgan analysts questioned the inflow of capital into spot Bitcoin ETFs, suggesting that most of the $16bn net inflow this year likely came from existing exchange wallets rather than new money or investors.
The Danish Financial Supervisory Authority plans to abolish non-custodial Bitcoin wallets to comply with EU MiCA regulations, citing unregulated activities.
Binance has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local exchange, Binance FZE.
All UAE resident users will be contacted via email to update their KYC information by December 15, 2024.
Bitcoin exchange balances are hitting six-year lows, but some analysts argue this metric is overrated.
As 140,000 Mt. Gox $BTC ($9 billion) prepares for release, debate sparks over its impact on the market. Analyst Matthew Hyland suggests supply fluctuations don’t directly correlate with BTC price, while Samson Mow believes any Mt. Gox sales will likely be OTC, having minimal price impact.