Venmo, Paypal’s mobile app, announced the launch of crypto on Tuesday.
“For professional investors who still have concerns about things like security and tax filing, they will opt to buy our funds rather than holding coins themselves.”The new Hong Kong license and funds highlight 38-year-old Huobi founder Leon Li’s endeavor to ensure his crypto empire, whose main exchange unit has drawn scrutiny over the years from Beijing, complies with regulations as it expands into adjacent arenas.The move also come as mainstream financial companies embrace crypto after Bitcoin’s value took off in October.
regulators have stated that Bitcoin and Ether aren’t securities, officials haven’t said the same about other tokens, meaning they could also face SEC lawsuits.Some digital-coin enthusiasts have been hopeful that Gensler, who has taught courses on cryptocurrencies at the Massachusetts Institute of Technology, will embrace the asset class and clear up regulatory uncertainties that have cast a cloud over the industry.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Since the retrace from the low 60K resistance area, Bitcoin has been slow to develop any compelling signals that call for a new swing trade long.
The mysterious Nakamoto published a white paper detailing how Bitcoin could be used to build a new financial system — one that reduced transaction costs by eliminating the need for financial institutions.
Ireland, resigned to having much to lose from a global overhaul of how multinational companies are taxed, has embarked on a damage limitation exercise that it hopes will let it and other low-tax economies retain some of their decades-old advantages.