Category: issuers
-
Identity Is A Must For Stablecoin Issuers
•
In an important step, Swiss Financial Market Supervisory Authority (FINMA)Switzerland’s financial regulator has issued new guidelines aimed at addressing the risks associated with fiat-linked stablecoins. The guidelines, released on July 26, 2024, emphasize the importance of verifying the identity of all token holders, effectively banning decentralized stablecoins in Switzerland. The…
-
Swiss financial watchdog FINMA rolls out guidance for stablecoin issuers
•
Swiss regulator FINMA has published guidance for issuers of stablecoins, urging them to verify the identity of all persons holding digital tokens linked to fiat currencies. The Swiss Financial Market Supervisory Authority (FinMarket Supervisory Authority) has published new guidance on the risks and challenges associated with stablecoins for issuers and…
-
Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin Issuers
•
Hong Kong’s largest virtual bank, ZA Bank, achieved a new milestone earlier today by an offer Hong Kong has announced plans to offer exclusive Reserve Bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory progress regarding cryptocurrencies. The initiative is part of the region’s new…
-
Ethereum ETF Race Heats Up As All 8 Issuers Unveil Management Fees
•
As the July 23 deadline approaches for the launch of the ETH (European Exchange Traded Fund) spot market, asset management firms have started to a statement Their management fees, indicating imminent approval of the applications by the US Securities and Exchange Commission (SEC). BlackRock’s Fee-Cutting Strategy According to BlackRock’s amended…
-
Ethereum ETF Issuers Must Submit Draft S-1 Forms Today
•
According to sources familiar with the matter, the SEC has instructed potential issuers to file amended S-1 forms by Friday, May 31. This follows the approval of 19b-4 forms on May 23, marking a major milestone in the process. Progress on approval of the Ethereum Spot ETF The recent approval…
-
Breaking: SEC Greenlights Ether ETFs, Issuers Await Final Approval
•
The US Securities and Exchange Commission (SEC) approved applications from major exchanges, including Nasdaq, CBOE and NYSE, to list exchange-traded funds tied to the price of ether today (Thursday). This approval will likely open the door for these products to begin trading later this year. Exporters must obtain regulatory approval…