WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) are likely to commence trading by May 28, offering exclusive access to professional investors.
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Blockchain And Crypto Policy And Regulation
The growing popularity of digital assets, commonly referred as cryptocurrency, has forced regulators across the globe to rethink their approach towards it. They are now looking to strike the right balance between investor protection and fostering technological innovation. However, the vast application and fundamental difference between crypto assets and traditional financial system makes it difficult for policymaker to bring in new laws. This is going to be daunting task for them.
Stay tuned for all the policy related developments.
This marks a significant shift from previous rigid stances, contrasting with the RBI’s ongoing concerns over macroeconomic risks and fiscal stability.
The city’s strategic pivot not only enhances its profile as an international financial hub but also sets a precedent for regulatory frameworks and market adaptations in the face of the expanding influence of Bitcoin and other digital assets.
An IMF team is currently in Islamabad to discuss the release of the final $1.1B tranche. Meanwhile, the finance ministry’s premature verdict has sparked discontent, awaiting the IMF’s full review.
Despite market rallies, the ECB underscores Bitcoin’s lack of intrinsic value and warns against the speculative nature of investments.
With a focus on transparency and AML/CFT compliance, the move aims to enhance market integrity while positioning Hong Kong as a leader in regulated digital asset market.
“Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,” states SEC Chair, Gary Gensler.
The long-awaited announcement, made on Wednesday, marks a significant turning point in the evolution of cryptocurrency investment options and opens up new avenues for traditional investors to gain exposure to the volatile digital asset.
It sends a clear message to offshore crypto exchanges that compliance with Indian law is not optional, and regulatory oversight in the cryptocurrency sector is here to stay.
“Web3 represents the future of internet and the Government is committed to ensuring that innovations and innovation from India create the future of Web3 and internet,” states MoS Rajeev Chandrasekhar.