Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | November 13, 2023
2023-11-13 12:36:50
Crypto Regulations in the US: JPMorgan Foresees Ongoing Rigor Despite SEC's Legal Challenges
JPMorgan alerts investors that U.S. cryptocurrency regulations may remain stringent, despite the SEC's recent court losses against crypto companies. The bank highlights the industry's minimal regulation, indicating a probable continuation of strict regulatory measures. This perspective is crucial for investors dealing with the changing regulatory environment of the crypto sector in the U.S.
Rich Dad Poor Dad' Writer Robert Kiyosaki Shares Reasons Behind His Continued Bitcoin Purchases "Rich Dad Poor Dad" author Robert Kiyosaki continues to invest in gold, silver, and bitcoin, citing concerns about increasing war and poverty under current leadership. He sees these assets as key to long-term financial stability and liberty. Additionally, Kiyosaki remains bullish on bitcoin, with price predictions ranging from $135,000 to a high of $1 million. Grayscale's CEO Announces Proactive Interaction with SEC on Launching Spot Bitcoin ETF Grayscale Investments is in constructive talks with the SEC to convert its main bitcoin trust into a spot bitcoin ETF. CEO Michael Sonnenshein believes Grayscale has a distinct edge over other spot bitcoin ETF contenders, enhancing its position in the approval process. This active engagement reflects the company's strategic efforts in the evolving cryptocurrency ETF landscape. US Representative Asserts: The Issue Isn't Crypto, but the Malicious Players Present in All Sectors Senator Cynthia Lummis supports cryptocurrencies, noting their involvement in less than 1% of illicit finance. She contends the real problem is not crypto but malicious actors across industries. Advocating for a U.S. regulatory system, Lummis aims to bolster local crypto firms and prevent them from relocating to unregulated global markets. SBI Partners With Standard Chartered's SC Ventures to Create Digital Asset Joint Venture in UAE SC Ventures, a division of Standard Chartered, and Japan's SBI Holdings are collaborating to establish a digital asset-focused joint venture in the UAE. This initiative plans to invest across the digital asset landscape, covering areas such as market infrastructure, risk management, decentralized finance, tokenization, consumer payments, and the metaverse, as outlined by SC Ventures. UBS, a Major Swiss Financial Institution, Launches Crypto ETFs for High-Net-Worth Clients in Hong Kong, Reports Indicate UBS, a top Swiss financial institution, has begun offering its high-net-worth clients in Hong Kong access to a curated selection of crypto exchange-traded funds (ETFs). The initial rollout includes three crypto ETFs, all of which have been approved by the Securities and Futures Commission, signifying UBS's expansion into cryptocurrency services for its affluent clientele. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
