Considering the higher risk involved in cryptocurrency, the Monetary Authority of Singapore (MAS) has tightened the procedure to approve a crypto license for digital asset providers, making the regime a “responsible global crypto hub.” Ravi Menon, the managing director of MAS, stressed enacting a more strict process while issuing a...
The Securities and Exchange Commission (SEC) has received hundreds of letters in support of the conversion of Grayscale Bitcoin Trust into the first spot Bitcoin exchange traded fund (ETF). The latest ones received just last week, April 21, and they may continue coming in until the SEC takes a decision,...
A spot bitcoin ETF could potentially come to market this year after the SEC recently approved a futures-based bitcoin ETF filed under the ’33 Act. ETF experts from Grayscale and Bitwise explain why that may be the case despite the SEC’s history of rejecting spot bitcoin ETF applications. They also...
Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement. New York City has...
