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BlackRock has argued that the U.S. Securities and Exchange Commission doesn't have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently. BlackRock’s plan for a spot-Ether (ETH) ETF called the “iShares Ethereum Trust” was officially confirmed on Nov. 9, after Nasdaq submitted the 19b-4 application form to
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The United Kingdom government has rejected a proposal made by the House of Commons Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, highlighting that it “firmly disagrees” with the committee’s stance. A panel of British lawmakers called for regulating the U.K. crypto market similar to gambling in a
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Eli Lilly will spend approximately $2.4 billion acquiring Dice Therapeutics to create more drugs for combating autoimmune diseases. American pharmaceutical company Eli Lilly has announced it is set to purchase biopharma company Dice Therapeutics. Eli Lilly hopes the $2.4 billion deal will help the company develop more drugs to treat immune diseases. According to
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Without changes, “we are skeptical that MiCA will have positive short-term effects given the difficulties of enforcing its rules in an opaque cross-border context,” in which 10,000 crypto protocols vie for the lightest possible regulation, added the document, though its findings aren't a formal position of the European Parliament. Source
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Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement. The Internal Revenue Service (IRS) may be contemplating disallowing the addition of NFTs to Individual Retirement Accounts (IRAs). This follows after
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Blue-collar workers are the gears that make the world go round. They turn in a hard day’s work day after day, so there is little question that these professions hold a valuable place in society. Unfortunately, despite their contributions, these hard workers often go unnoticed.Cryptox and Web3 metaverse concert platform
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Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia's assistant treasurer on the maSpeaking to the Sydney Morning Herald on Jan. 22, Assistant Treasurer and Minister for Financial Services Stephen Jones was commenting on the state
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Given the scarcity of crypto custodial solutions, the SEC could clarify that, in certain circumstances, registered investment advisers (that are not qualified custodians) can use a combination of software and comprehensive internal controls to self-custody crypto. This doesn’t have to result in any relaxation of custodial rules – in fact,
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Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual digital assets suggests that traders can’t offset their losses from one digital asset against profit on
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The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement.Russia's government and central bank are now working on a draft law that will define crypto as an "analogue of currencies" rather than digital financial assets, set to be launched
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