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The FSC also added that credit cards cannot be used for stocks, online gambling, futures options, and other transactions in Taiwan.
In the company’s letter to investors, Tesla executives stated that the company sold 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet.
Fintonia Group has been in business since 2014 and has been governed by the Monetary Authority of Singapore since 2016.
The Organismo Agenti e Mediatori’s amendment to its rules also follows the European Union’s ground-breaking regulations which seek to tame a volatile “Wild West” cryptocurrency industry.
The total amount of USDC in circulation as of June 30 was $55.57 billion, according to Circle, which has stated that it is completely backed.
The newly launched is not even offering gaming NFTs yet, which will reportedly be the marketplace’s planned core offering.
The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June.
The NFT marketplace will also enable parties to connect to their own digital asset wallets, including the GameStop Wallet, which was launched recently.
Additional reports from the analyst stated that this is the most recent in a string of fakeouts that will deceive many traders into thinking the bottom is in when, in fact, the trend is still downward.
CoinShares is in the final stages of acquiring Napoleon Asset Management, the digital asset management subsidiary of Napoleon Group, according to an announcement from the firm.