Category: crypto

The Bank for International Settlements (BIS) revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap. The report analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools, highlighting how institutional players replicate traditional finance strategies to gain a competitive edge. Retail participants struggle to compete due to their…

Japan is introducing a significant economic stimulus package that includes reforming taxation rules for cryptocurrencies. The proposed changes aim to ease the financial burden on crypto investors and make the country more competitive in digital asset innovation. The reforms are part of broader measures to revitalize the economy and address long-term challenges.

President-elect Donald Trump’s transition team is considering creating a White House role dedicated solely to crypto policy. The role would involve liaising with Congress, the White House, and regulatory agencies. Potential candidates, including former crypto executives, have been interviewed. The industry is hopeful for a direct line of influence to Trump and a chance to…

South Korea’s financial watchdog has tightened restrictions on crypto by rejecting ETFs linked to digital asset companies, following a 2017 government directive. This move has hindered domestic asset managers’ plans to launch such ETFs. Despite this, the FSC plans to create a Virtual Asset Committee to approve spot crypto ETFs.

The Reserve Bank of India is taking a cautious approach to rolling out its Central Bank Digital Currency, the e-rupee, prioritizing financial stability and understanding its impacts. They are evaluating the long-term impact through controlled experiments and enhancing its features. India aims to strengthen the financial system while observing global CBDC developments.

The SEC has postponed the decision on Franklin Templeton’s crypto Index ETF until 2025, citing the need for an extended review period.

Switzerland’s FINMA has raised concerns about increasing money laundering risks in the crypto sector, particularly with stablecoins being used for illegal activities like sanctions evasion. The regulator emphasizes the need for stronger measures to address vulnerabilities and mitigate risks, including enhanced oversight and risk management requirements for financial institutions.

Bitcoin advocate Michael Saylor will present a Bitcoin investment strategy to Microsoft’s board of directors in a three-minute presentation. Saylor has also requested a meeting with Microsoft CEO Satya Nadella to discuss the matter further. Saylor believes that tech giants like Microsoft should consider Bitcoin as a superior alternative to cash reserves.

Jesse Powell, the founder of Kraken exchange, supports Brian Brooks as the next Chair of the SEC. Powell praised Brooks’ expertise and criticized the current state of the SEC. Brooks is also being considered for other financial regulatory roles. Brooks’ candidacy comes amidst speculation about who will succeed Gary Gensler. Brooks emphasizes building on progress…