FameEX Morning Crypto News Recap | December 21, 2023
2023-12-21 12:16:20
BlackRock Holds Discussions with SEC and Nasdaq Regarding Spot Bitcoin ETF Listing Regulations
In December, BlackRock, Nasdaq, and the SEC convened for a second time to deliberate on BlackRock's application for a spot Bitcoin ETF. An SEC memo indicates that the meeting focused on discussing the rule changes essential for listing the spot Bitcoin ETF, involving representatives from all three entities.
Ripple Secures Authorization to Function as a Digital Asset Service Provider in Ireland Ripple, a cryptocurrency payment network, has been authorized by Ireland's Central Bank as a virtual asset service provider. This enables Ripple to extend its crypto services throughout the European Economic Area, in anticipation of the European Union's upcoming cryptocurrency regulations under the Markets in Crypto Assets Regulation (MiCA). South Korean Financial Regulator Chief to Hold Crypto Talks with Gary Gensler Lee Bok-hyun, who heads South Korea's Financial Supervisory Service (FSS), is reported to have scheduled a meeting with Gary Gensler, the chair of the United States Securities and Exchange Commission (SEC). The primary agenda of this meeting is to engage in discussions regarding the regulation of cryptocurrencies, a significant and evolving aspect of global financial systems. UK Supreme Court Denies Patent Applications for Two Creations Generated by Artificial Intelligence Dr. Stephen Thaler, a computer scientist, sought patents for a food container and a flashing light beacon, crediting DABUS, his AI creation, as the inventor. However, the court ruled against recognizing an AI model as the inventor, thereby denying these patent applications. This decision highlights the legal complexities surrounding AI-generated inventions. Economist Jim Rickards Forecasts a 'Turbulent' and 'Startling' Future: Anticipates Global Recession and Emerging Banking Crisis in 2024 Economist and investment lawyer Jim Rickards forecasts a tumultuous 2024 for global economies. He believes the U.S. Federal Reserve will fail to achieve a soft landing, leading to a worldwide recession. Additionally, Rickards anticipates a banking crisis, particularly impacting medium-sized regional banks. His predictions point to significant economic challenges ahead. Hashkey Capital Singapore Obtains Complete Capital Markets Services License from Singapore Authorities The Monetary Authority of Singapore (MAS) has granted Hashkey Capital Singapore a full Capital Markets Services license, reflecting the country's forward-thinking approach to digital assets. This license allows the firm to expand its fund management services and play a vital role in the growing blockchain sector in Singapore. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.