8 months ago

Episode 701:
US Government's Bitcoin Cache - The U.S. government might hold around $5 billion in Bitcoin, mainly from seizures in law enforcement actions. This starkly contrasts its public stance on crypto regulation, raising questions about future plans for these assets.

U.S. Bitcoin ETFs Nearing Reality - Positive signals emerge from the SEC towards approving Bitcoin ETFs. Fund managers and the SEC are in constructive dialogue. With Grayscale and others pushing, U.S. approval seems increasingly likely, echoing global trends.

California’s Bitlicense Bill - California's new Digital Financial Assets Law mandates crypto businesses to secure a license. Set for July 2025, this marks a shift towards a regulated crypto environment, contrasting the Governor's earlier stance.

Australia Drafts Crypto Exchange Law - Australia is cautiously drafting crypto exchange laws, expected by 2024. The slow pace aims for a balanced approach, bringing these platforms under existing financial laws to ensure consumer protection and market integrity.

Singapore's Nod to Upbit - Upbit Singapore receives preliminary approval for a Major Payment Institution license from Singapore's Monetary Authority. This aligns with Singapore's crypto-friendly stance and sets a potential precedent for other countries.

CEXs: Latin America’s Choice - Latin America leans heavily towards centralized exchanges, as per a Chainalysis report. Driven by socio-economic factors, centralized platforms offer an accessible crypto entry point, especially for the unbanked populace.

Crypto Overnighter Podcast (10/16/2023): 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
Salem Friends of Felines: https://sfof.org/
Twitter: https://twitter.com/CryptoCorvus1

Loading comments...