2021-11-28 18:51:05
WEEKLY NEWS REPORT
Here are some of the most important News of the week.
5 Reasons for Crypto to Be Thankful
If you’re an early investor in bitcoin, ether, SOL or Crypto Punk NFTs, you have lots to be thankful for this year.
But as I prepared this special Thanksgiving edition of “Money Reimagined,” the idea of celebrating soaring crypto prices was rather unsatisfying.
The good news is there are lots of developments in the crypto sector that capture its transformative economic and social potential and don’t require embracing the rather distasteful “have fun staying poor” mindset of a few speculators. After looking through CoinDesk’s coverage the past 12 months, here are five things I think the crypto community can be thankful for.
Read More
https://www.coindesk.com/policy/2021/11/26/5-reasons-for-crypto-to-be-thankful/
eToro to delist Cardano by 2022 for US users due to regulatory concerns
The move surprised some users as ADA has not been typically on regulators' radars as of late.
In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year.
Read more
https://cointelegraph.com/news/etoro-to-delist-cardano-by-2022-for-us-users-due-to-regulatory-concerns
New German government cites crypto in coalition agreement
The new German coalition is aiming to make the “European financial market supervisory law” fit for crypto assets and businesses.
The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.”
Read more
https://cointelegraph.com/news/new-german-government-cites-crypto-in-coalition-agreement
Two Bitcoin funds launched in Singapore by MAS-regulated fund manager
The new Bitcoin funds aim to provide simple and secure exposure to Bitcoin for professional investors.
Fintonia Group, a Singapore-based fund manager regulated by the Monetary Authority of Singapore (MAS), has launched two institutional-grade Bitcoin (BTC) funds.
Read more
https://cointelegraph.com/news/two-mas-regulated-bitcoin-funds-launch-in-singapore
Bitcoin too volatile to be adopted as legal tender, says BoE chief
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.
Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.
Read more
https://cointelegraph.com/news/bitcoin-too-volatile-to-be-adopted-as-legal-tender-says-boe-chief
Finnish regulators tighten the screw on digital currency marketing
The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing.
Hot on the heels of the rising cryptocurrency hype, Finnish regulators have dropped a formal notice. On Wednesday, the Finnish Financial Supervisory Authority (FSA) stated:
Read More
https://cointelegraph.com/news/finnish-regulators-tighten-the-screw-on-virtual-currency-marketing
That's all folks
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