DeFi News Daily Official TheBitTimes.com

Bitcoin regulation is undergoing a major transformation right now under SEC Chair Paul Atkins, and he’s prioritizing rulemaking over enforcement actions. This shift toward regulatory clarity could reduce crypto market volatility and also provide the Bitcoin rulemaking framework that investors have been seeking for quite some time. The new approach focuses on transparent SEC crypto policy that supports innovation while also maintaining investor protection standards at the time of writing. Also Read: Bitcoin Conference 2025: Trump, Pakistan, Farage Shock the Stage How SEC Crypto Policy May Ease Bitcoin Volatility And Uncertainty Source: Watcher.Guru Atkins Champions Clear Bitcoin Regulation Framework During Senate testimonies, Paul Atkins described his plan for regulating Bitcoin differently than the enforcement-focused plan supported by Gary Gensler. The new leader of the SEC encourages using the notice and comment system to clearly guide those managing digital assets right now. At...

According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year. South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades. According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other vital regulatory officials attended a session on “Criminal Legal Issues Related to Virtual Assets” with a focus on the unregulated OTC crypto market. During the event, deputy chief prosecutor No-Seong called for regulating the OTC crypto market due to money laundering concerns. A google translated version of Seong’s statement read: "Illegal virtual currency OTC companies have overseas corporations and are en...

Jacob Asset Management got approval from the Guernsey financial regulator in October 2021 and was set to debut on Euronext Amsterdam Exchange in July 2022. Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay . The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022.  However, unprecedented market conditions caused by the collapse of the Terra ecosystem in May 2022, as well as the FTX collapse in November, forced the asset manager to postpone the listing. The Jacobi Bitcoin ETF received approval from the Guernsey Financial Services Commission (GFSC) to launch its Bitcoin ETF in October 2021. The asset manager told the Financial Times that it has decided to launch the ETF now because it has seen a gradual shift in demand compared with 2022. The asset manager told Cointelegraph that it is still assessing the launch and will s...

The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.  According to the entrepreneur, U.S. authorities still don’t see crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's blowups of fraudulent crypto companies.  “They see it as sort of this scammy area where they can come in and look like the hero for cleaning up a mess,” Voorhees said in an exclusive interview with Cointelegraph. According to Voorhees, crypto needs to become mainstream before governments move against it fully. At that point, “it will be too late” for Government actors to crack down on crypto sin...

In March mining stocks increased at a slower pace compared to BTC, amid macroeconomic uncertainty and increasing competition among Bitcoin miners. Bitcoin mining stocks had a dull performance in March, with small moves here and there that followed BTC's price movement. While it is encouraging to see that most stocks held onto their impressive January gains, Bitcoin's price action will be crucial for the short-to-medium-term performance of these stocks. Additionally, the expansion of the public Bitcoin mining sector in the U.S. continues as American miners reported one of the biggest ASIC imports in January 2023. The delivery of new machines and an increase in the BTC price led to a surge in the network's hashrate to new all-time highs. Miners' incomes, however, are subdued by the rising network difficulty. Mining stocks are in wait-and-see mode Despite Bitcoin’s recent 18% rally, subdued performances of most mining stocks can be attributed to the uncertainty around the...