Weekly Update: 29 June 2023
1) Fidelity preparing to file spot bitcoin ETF [The Block]
– Fidelity is reportedly preparing to submit a filing for a spot Bitcoin ETF, marking a significant step towards mainstream adoption.
2) SEC approves first leveraged Bitcoin futures ETF [Decrypt]
– The SEC has approved the first leveraged Bitcoin futures ETF, Volatility Shares 2x Bitcoin Strategy ETF (BITX), set to launch on the CBOE BZX Exchange.
3) Binance withdraws license application in Austria [The Block]
– Binance has withdrawn its application for a license to operate in Austria due to regulatory requirements.
4) Crypto.com receives regulatory approval in Spain [Cointelegraph]
– Crypto.com has received regulatory approval from the Bank of Spain to offer crypto services in the country.
5) Cross-border stablecoin payments testing at SAP [Blockworks]
– SAP is testing cross-border stablecoin payments to streamline and simplify international transactions.
6) HSBC launches cryptocurrency services in Hong Kong [Cointelegraph]
– HSBC has launched cryptocurrency services in Hong Kong, offering Bitcoin and Ether ETFs to its customers.
7) JPMorgan deploys JPM Coin for euro payments [Cointelegraph]
– JPMorgan has expanded its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients.
8) Nevada forces crypto custodian Prime Trust to shut down [Decrypt]
– Nevada has forced crypto custodian Prime Trust to shut down due to regulatory issues and concerns over the company’s operations.
9) Ripple gets in-principle approval for digital asset services in Singapore [Cointelegraph]
– Ripple has received in-principle approval from the Monetary Authority of Singapore to offer digital asset services in the region.
10) Cryptocurrency issuers in Japan get crucial tax relief [Decrypt]
– Japan’s National Tax Agency has updated its corporate tax regulations, exempting unrealized gains from crypto assets issued by companies from the current 30% corporate tax.
