Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider.Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects … [Read more...] about Binance Gains Bahrain Approval to Become Crypto Asset Service Provider
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Digital Asset Funds Hit by Record $142M of Outflows
Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million. Source link … [Read more...] about Digital Asset Funds Hit by Record $142M of Outflows
[SPONSORED] Getting Ready for The FATF’s Upcoming Virtual Asset Guidance
This October, the Financial Action Task Force (FATF), the global anti-money laundering watchdog, is expected to adopt sweeping updates to its guidance on virtual assets and virtual asset service providers (VASPs). The FATF’s guidance will have a profound and widespread impact on the shape of regulation facing the crypto industry. Any business operating in the crypto space needs … [Read more...] about [SPONSORED] Getting Ready for The FATF’s Upcoming Virtual Asset Guidance
Brazilian Crypto Asset Manager Hashdex Pursues US Expansion Following 2 Key Hires
On the Brazilian stock exchange, B3, Hashdex already listed the Nasdaq Hashdex Bitcoin Reference Price Index Fund, a fully bitcoin-based ETF that seeks to neutralize carbon emissions, and an ether-backed ETF. In Brazil, it also launched a bitcoin-backed fund aimed at qualified investors. Source link … [Read more...] about Brazilian Crypto Asset Manager Hashdex Pursues US Expansion Following 2 Key Hires
CoinDesk Indices Announces New Digital Asset Classification Standard (DACS)
While some early efforts exist to classify digital assets by their use cases, the complexity has rapidly grown, so a hierarchical structure is needed to help investors navigate digital assets at different granularity levels. DACS provides a non-ambiguous structure throughout its hierarchy – meaning each digital asset is only assigned to one industry, which is included in only … [Read more...] about CoinDesk Indices Announces New Digital Asset Classification Standard (DACS)