The exchange explained that the iShares Bitcoin ETP expands the range of crypto ETPs available at SIX to 487, offering investors direct access to Bitcoin through a regulated, exchange-traded structure. Each ETP is said to be fully backed by bitcoins held with Coinbase Custody International Limited, a licensed custodian. SIX added that the product is…
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The Canadian payments firm said the enhancement allows businesses to move fiat currency account to account across borders with same-day or next-day settlement, bypassing slower and more expensive SWIFT transfers. By using blockchain technology on the backend, Nuvei said it can reduce reliance on intermediaries and deliver funds more efficiently. “Our mission is to simplify…
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The move would place Paxos under direct U.S. federal oversight, replacing its current New York Department of Financial Services (NYDFS) authorisation, and reflects what the company described as its “consistent commitment to maintain the highest regulatory standards of any blockchain infrastructure and tokenisation platform globally.” Paxos has operated under NYDFS oversight since 2015, when it…
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Anchorpoint is said to have lodged an expression of interest with the Hong Kong Monetary Authority (HKMA) on 1 August, the day the Stablecoins Ordinance came into effect, signalling its intent to apply for a stablecoin issuer licence. The venture aims to develop a business model for issuing and advancing regulated stablecoins in the city.…
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The San Francisco-based blockchain company said Rail’s technology will enhance Ripple Payments’ network, which already offers broad payout capabilities, liquidity in digital assets, and more than 60 licences for compliant payment flows. Rail adds virtual accounts and automated back-office infrastructure to streamline customer operations. “Stablecoins are quickly becoming a cornerstone of modern finance, and with…
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Under the agreement, Societe Generale will act as market maker for 21Shares’ Bitcoin and Ethereum ETPs, traded under the tickers ABTC, CBTC, AETH, and CETH, on key fund platforms used by institutional investors. The bank will provide over-the-counter liquidity, improving execution quality and access for professional investors in the region. “These platforms, typically operated by…
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The move follows Webull’s crypto trading launch in Brazil last month and is part of a broader push to expand digital asset offerings globally. The company explained that the arrangement will see Webull Pay Inc., the parent company of Webull Pay LLC, become a subsidiary of Webull Corporation (NASDAQ: BULL). The transaction has been approved…
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The cryptocurrency exchange explained in a press release that the products are designed to replicate the functionality of global perpetual futures while remaining fully compliant with the Commodity Futures Trading Commission (CFTC) regulations. Perpetual futures are said to dominate international crypto markets, accounting for more than 90% of trading activity in some estimates. However, such…
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The MiCA framework, which became fully applicable in December 2024, represents a watershed moment for the crypto industry in Europe. It aims to provide a harmonized regulatory structure, fostering innovation while simultaneously safeguarding consumers and investors, and combating money laundering and other illicit activities. By achieving this milestone, Kraken has not only validated its commitment…
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The HKMA's Stablecoin Ordinance is expected to provide much-needed regulatory clarity, potentially fostering greater institutional adoption of stablecoins like USDC. This move aligns with similar regulatory efforts in the United States, where lawmakers have been actively working towards establishing a comprehensive legal framework for stablecoins. These developments are viewed as crucial steps in legitimizing stablecoins…
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