News

Timely, comprehensive, professional and accurate information and data to understand the latest information about blockchain, cryptocurrency and Bitcoin

FameEX Morning Crypto News Recap | March 13, 2024

2024-03-13 17:01:10

The US SEC Revokes Registration Statement of Tianqiao Capital's Bitcoin ETF

The US SEC declared SkyBridge Capital's "First Trust SkyBridge Bitcoin ETF Trust" registration statement invalid under the 1933 Securities Act's Section 6(a). This action was taken because the filing remained unresolved for more than nine months without the necessary updates or withdrawal after receiving a Rule 479 notice.


JPMorgan Head Backs Fed's Expected Interest Rate Cut This Year, Supports People's Freedom to Buy Bitcoin

Speaking at the Australian Financial Review Business Summit in Sydney, Jamie Dimon, CEO of JPMorgan, voiced support for personal liberties such as purchasing Bitcoin, despite not being inclined to invest himself. On monetary policy, he suggested the Federal Reserve should delay reducing interest rates until later this year, recommending a prudent stance on economic policy changes.


Goldman Sachs, BNY Mellon, and the Chicago Mercantile Exchange Wrap Up Successful Blockchain Pilot for Bank-to-Bank Transactions

Goldman Sachs, BNY Mellon, Chicago Options Exchange, and additional companies completed successful blockchain network pilot tests that connect a range of banks and financial organizations. These tests saw over 350 simulated transactions being executed on the blockchain, demonstrating its capability to streamline connections between banks and financial institutions.


The European Parliament Enacts Regulations Restricting Financial Services and Cryptocurrency Transactions for Sanctioned Parties

The European Parliament approved new sanctions that include regulations on cryptocurrencies, affecting the financial services sector. These sanctions impose limitations across various financial operations, with a particular focus on "cryptocurrency assets and wallets." This move is part of the EU's broader strategy to implement its restrictive measures in a more effective manner.


Head of Swedish Central Bank Seeks to Drastically Cut Down on Bitcoin Use in Finance Sector

Erik Thedeen, the head of the Swedish Central Bank, aims to curtail Bitcoin usage in Sweden's financial ecosystem, labeling it as speculative and lacking intrinsic value. He concedes that Bitcoin doesn't jeopardize financial stability but highlights its consumer risks, suggesting a restrained approach to its incorporation in the financial industry.


The Hong Kong Monetary Authority Rolls Out a "Sandbox" Initiative for Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) launched a "sandbox" scheme on March 12th for entities issuing stablecoins, aligning with discussions on prospective regulatory frameworks. This initiative serves as a collaborative space for organizations intending to issue fiat-linked stablecoins in Hong Kong, enabling an exchange on regulatory expectations and soliciting input.


Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​

Copyright © 2022-2023 FAMEEX.COM All Rights Reserved
FameEX APPMobile trading, anytime, anywhere