• Fidelity, VanEck, and other companies have refiled their applications for spot Bitcoin ETF after reports of SEC rejections.
• South Korea passed new crypto legislation to protect investors.
• Recent spot Bitcoin ETF applications fell short of SEC’s expectations on a technicality but are still in the running.
Filing Spot Bitcoin ETF Applications
Fidelity, VanEck, and more have refiled their spot Bitcoin ETF applications after reports of SEC rejections. This follows recent attempts by these companies to gain approval for such a product from the US Securities and Exchange Commission (SEC).
South Korean Crypto Legislation
South Korea has recently passed new crypto legislation focusing on investor protection. This law intends to protect investors from malicious actors and fraud while ensuring that exchanges are adequately regulated.
Spot Bitcoin ETF Applications Falling Short
Recent spot Bitcoin ETF applications have fallen short of the SEC’s expectations on a technicality, but they are not completely ruled out yet. The SEC is still considering these applications before making a final decision on them.
BNY Mellon Crypto Custody Venture
BNY Mellon’s crypto custody venture has run afoul of some SEC rules which may cause delays or other complications for the project.
Vodafone Confirms Cardano NFT Plans
Vodafone recently confirmed rumors that it plans to launch its own Non-Fungible Token (NFT) backed by Cardano cryptocurrency tokens. This could be a major step forward in bringing mainstream attention and adoption to the NFT space as well as providing additional use cases for Cardano’s native token ADA.