598: Bitcoin ETFs, P2P Crypto Bans, and Crypto Regulations Unveiled

Overnighters,

Episode 598:
Singapore Tightens Crypto Regs
Thailand Bans Crypto Lending
Belarus to Ban Peer-to-Peer Crypto
and More

The TL;DL

Bernstein: U.S. SEC Likely to Approve Spot Bitcoin ETF - The U.S. SEC is likely to approve a spot Bitcoin ETF, despite concerns over spot exchanges' regulation, according to brokerage firm Bernstein.

Belarus to Ban Peer-to-Peer Crypto - Belarus plans to ban P2P crypto transactions to curb fraudulent activities, allowing transactions only through exchanges based in the Belarus Hi-Tech Park.

Singapore Tightens Crypto Regs - The Monetary Authority of Singapore is imposing new regulations on crypto service providers, including a requirement to deposit customer assets in a separate trust.

China Appoints Bitcoin Skeptic - China has appointed Bitcoin skeptic Pan Gongsheng as a senior Communist Party official at its central bank, indicating a continued strict stance on cryptocurrencies.

Thailand Bans Crypto Lending - Thailand has banned crypto exchanges from offering lending services, joining Singapore in prioritizing investor protection in the crypto space.

Hut 8’s Massive Relocation - Bitcoin mining company Hut 8 is relocating 6,400 mining rigs from Canada to Texas due to increased demand for artificial intelligence and high-performance computing.

Crypto Overnighter Podcast (7/3/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

Email: nick@cryptoovernighter.com
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