Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | December 6, 2023
2023-12-06 12:39:30
Blackrock and Bitwise Amend Their Spot Bitcoin ETF Applications in Anticipation of SEC Endorsement
Financial giants Blackrock and Bitwise have revised their spot bitcoin ETF submissions to the U.S. Securities and Exchange Commission (SEC). The SEC has engaged in discussions with various exchanges and ETF applicants about these filings. A Bloomberg analyst observed that there is a concerted effort from both the SEC and the applicants to address and resolve outstanding matters.
28 Crypto Service Providers Officially Registered with India's Financial Intelligence Unit, Reveals Government India's government revealed that 28 crypto service providers are currently on the registry of the country's Financial Intelligence Unit. Furthermore, the Finance Ministry confirmed that global cryptocurrency exchanges catering to the Indian market must adhere to anti-money laundering regulations and reporting requirements, highlighting the emphasis on regulatory compliance for both local and overseas entities. South Korea Sees Significant Bitcoin Premium, with Prices $1,500 Above International Average The recent surge of bitcoin past the $41,000 mark has resulted in significantly increased trading activities in South Korea. Alongside this growth in transactions, bitcoin is experiencing a substantial $1,500 premium on major South Korean cryptocurrency exchanges, showcasing a prominent difference in price compared to the international average. US-Based Financial Services Provider Sofi Announces Departure from Crypto Market Starting December 19, financial services platform Sofi will discontinue its cryptocurrency offerings, prompted by increased regulatory focus on the sector from banking authorities. Sofi has provided instructions on its website for clients wishing to transfer their accounts to Blockchain.com, guiding them through the process during this period of change. US-Based Crypto Firms Ramp Up Lobbying Spending in 2023, Exceeding Amounts Prior to FTX Collapse According to a December 5th report by Reuters, which cites Open Secrets data, U.S. cryptocurrency firms spent approximately $19 million on lobbying between January and September 2023. This amount marks a 19% rise from their lobbying expenditures during the same period in 2022, indicating a notable increase in the sector's lobbying activities. Central Banks of Italy and South Korea Join Forces for Cooperation on CBDC Development Italy's central bank, Banca d'Italia, announced on December 5 a partnership with South Korea's Bank of Korea. They have formalized this collaboration with a memorandum of understanding centered on IT and payment systems, emphasizing mutual knowledge and information sharing in the field of information and communication technology (ICT). Singapore Launches National AI Strategy 2.0 with Ambitious Goal: Developing 15,000 AI Specialists Singapore launched its National AI Strategy 2.0 on December 4, focusing on innovation and addressing AI challenges. The goal is to train 15,000 local AI experts through enhanced training programs while maintaining openness to global talent. This strategy highlights Singapore's dedication to realizing AI's potential, managing risks effectively, and taking a leading role in AI development and adoption. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
