India Preparing for a CBDC-Driven Economy: Central Bank Governor’s Vision
Outgoing Reserve Bank of India Governor Shaktikanta Das believes that the digital rupee has the potential to transform India's economy.
The United States and Exchange Commission has officially green lit the first regulated spot Bitcoin ETF in the country.
The regulator gave its official approval from applications from several financial exchanges. These include ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex and Franklin Templeton. The approval will allow the exchanges to list and offer trading for a spot Bitcoin ETF.
This approval marks the first ever exchange-traded product in the country that will give investors exposure to Bitcoin. The concept of the ETF means investors can buy shares in the ETF, which is underpinned by Bitcoin’s price, without directly buying Bitcoin or buying cryptocurrency through another exchange or ATM.
“It’s really about is removing any of the last barriers that may have kept people from looking at the space, and now that they can access it, they can access it at what we think is a very attractive price point, we think that it is going to increase the number of people.”
Outgoing Reserve Bank of India Governor Shaktikanta Das believes that the digital rupee has the potential to transform India's economy.
El Salvador reportedly anticipates an agreement with the IMF for a $1.3 billion loan, contingent on amendments to its Bitcoin Law.
Floki is among increasing crypto companies launching regional payment cards, enabling users to spend cryptocurrencies.
BitOasis has secured a full VASP licence, finalising its VARA licensing process and enabling it to provide crypto trading services.