This article will explain what SEC-approved spot bitcoin ETPs are and how they will impact the corporate governance policies of issuers, the trading behavior of retail investors, and investment activity and adoption of the cryptocurrency as a whole.
The New York Department of Financial Services (NYDFS) recently published updated guidance establishing heightened standards for virtual currency businesses licensed in New York when listing or delisting cryptocurrencies.
When FTX founder Sam Bankman-Fried was found guilty on all seven charges on November 2, 2023, the general sentiment in the cryptocurrency community was one of relief. Former FTX users who lost funds in the exchange’s implosion are satisfied that the alleged mastermind behind the schemes will likely spend the rest of his life behind bars. Business leaders of legitimate exchanges are pleased to see justice prevail against a man who disgraced their industry.
The evolution of virtual assets is rapidly reshaping the financial landscape. As innovative new products like fiat-referenced virtual assets (FRVAs) emerge, regulatory frameworks must adapt to promote innovation while protecting consumers. This evolving spectrum of virtual assets requires agile governance which is evidenced by the Virtual Asset Regulatory Authority's (VARA) recent update to its regulatory framework governing fiat-referenced virtual assets (FRVAs), commonly known as stablecoins.
