Grayscale Investments Wins Court Victory, SEC Delays Bitcoin ETF Decisions, UK Crypto Businesses Embrace Travel Rule, SEC Accuses Impact Theory of Unregistered NFT Sales, Chinese Court Recognizes Virtual Assets as Legal Property.
Summary:
Grayscale Investments wins court victory for converting GBTC into listed Bitcoin ETF. SEC delays decisions on spot Bitcoin ETFs. UK crypto businesses embrace Travel Rule compliance. SEC accuses Impact Theory of unregistered securities transactions through NFT sales. Chinese court declares virtual assets as legal property.
Grayscale Investments wins court victory in bid to convert GBTC into a listed Bitcoin ETF. US Court of Appeals Judge orders SEC's denial of listing application to be vacated.
Crypto community cautiously optimistic about the ruling, acknowledging the limitations of the court's decision.
SEC delays decisions on six spot Bitcoin ETF applications from various companies, giving regulator until October to approve, deny, or delay a decision.
UK crypto businesses can now withhold certain crypto transfers to comply with the new Travel Rule, making risk-based assessments for inbound payments.
SEC accuses Impact Theory of engaging in unregistered securities transactions through NFT sales, raising nearly $30 million.
Chinese court declares virtual assets as legal property, protected by law under the current policy framework despite the country's ban on foreign digital assets.
Published At
9/4/2023 8:30:00 PM
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