Month: June 2024

The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […] Source: https://news.bitcoin.com/nigerian-regulator-amends-vasps-rules-threatens-enforcement-against-noncompliant-entities/

Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two (L2). […] Source: https://news.bitcoin.com/parfin-creates-new-blockchain-to-be-used-as-privacy-solution-for-brazilian-cbdc/

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […] Source: https://news.bitcoin.com/us-government-to-report-seized-crypto-as-nonmonetary-property/

Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s […] Source: https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […] Source: https://news.bitcoin.com/ripple-ceo-hails-latest-court-ruling-a-big-win-calls-his-lawsuit-baseless-troll-attempt/

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to pardon Ross Ulbricht if elected. Like former U.S. President Donald Trump, Kennedy advocates for Ulbricht’s release. Both candidates vow to stop President Joe Biden’s anti-crypto policies and oppose the creation of central bank digital currencies (CBDCs). RFK Jr. Advocates for Ross Ulbricht’s Pardon […] Source: https://news.bitcoin.com/robert-kennedy-jr-promises-to-pardon-ross-ulbricht-if-elected-president-says-hes-been-in-prison-far-too-long/