UK FCA-registered BCP launches British pound stablecoin

UK FCA-registered BCP launches British pound stablecoin

BCP Technologies CEO says its new British pound-backed stablecoin tGBP might be considered a “live proof-of-concept for future FCA stablecoin regulation.” BCP Technologies, a United Kingdom-registered cryptocurrency firm, has launched a new British pound-backed stablecoin following a 14-month review in the Financial Conduct Authority’s (FCA) regulatory sandbox. The company announced the rollout of its Tokenised…

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Russia’s largest bank Sber offers up Bitcoin-linked bonds

Russia’s largest bank Sber offers up Bitcoin-linked bonds

Russia’s largest commercial bank, Sber, launched a Bitcoin-linked bond product that’s now trading on OTC markets and may soon be listed on the country’s top stock exchange. Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available…

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SEC faces criticism over crypto staking shift

SEC faces criticism over crypto staking shift

Critics say the US regulator’s new stance on crypto staking contradicts past enforcement efforts and court rulings, deepening confusion over how digital assets are regulated. The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services.  On May 29, the SEC’s Division…

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SEC says REX-Osprey staked SOL and ETH funds may not qualify as ETFs

SEC says REX-Osprey staked SOL and ETH funds may not qualify as ETFs

The SEC responded shortly after the issuers filed effective registration amendments for staked SOL and Ether exchange-traded funds. The United States Securities and Exchange Commission (SEC) responded to the effective registration amendment for Solana (SOL) and Ether (ETH) staked exchange-traded funds (ETFs) from ETF provider REX Financial and asset management firm Osprey Funds, raising concern…

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IMF raises concern over Pakistan’s Bitcoin mining power plan: report

IMF raises concern over Pakistan’s Bitcoin mining power plan: report

IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks. The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The…

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