This Week in Crypto
Vodafone drops out of the Libra Association, Square Crypto launched a Lightning Development Kit, and Huobi launched a brokerage platform for institutional investors.
South Korean regulators review a crypto taxation plan, Raiz Invest was granted approval for a retail bitcoin fund, and a Bitfinex-backed startup yielded $1.4 million in revenue last quarter.
KyberSwap leaves the EU due to new regulations, Grayscale surpasses $1 billion in total investments, and Libra launches a technical development committee.
Gemini launches an in-house insurance company, former CFTC Chair Giancarlo forms the Digital Dollar Foundation, and Bithumb seeks to nullify a $70 million tax bill.
The Enterprise Ethereum Alliance (EEA) launches a TestNet, Bitwise withdraws its bitcoin ETF application, and Anchorage acquires data analytics firm Merkle Data.
Chainalysis lays off 39 employees, Shanghai police allegedly raid Binance offices, and Silvergate Bank announces plans to launch crypto lending and custody services.
Polymesh migrates from Ethereum to Parity’s Substrate, the U.S. Federal Reserve responds to a letter in regards to a Central Bank Digital Currency, and ShapeShift launches its “FOX” exchange token.
The IRS investigates Bitcoin ATMs, Fidelity Digital Asset Services has been granted a trust license, and Grayscale Investments seeks SEC reporting company status.
Visa introduces the LucidiTEE blockchain, the SEC reviews Bitwise bitcoin ETF rejection, and rCashaa plans to offer banking for USD crypto firms.
A Wyoming law exempts New York’s Bitlicense requirement, Andrew Yang addresses regulating crypto, and the Federal Reserve releases stablecoin guidelines for issuers.
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