Tag: Approved

Bitcoin-based security token offering approved in Germany

German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu via Stokr with a minimum investment amount of $100. EXOeu is the second STO ever approved for the German market on Stokr after BaFin approved an STO by parking network ParkinGO last year. Launched in January 2021,…

3 Bitcoin ETFs Have Been Approved in North America – Regulation Bitcoin News

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There are now three bitcoin exchange-traded funds (ETFs) in North America, all approved within the past month by Canada’s securities regulators. They are currently trading on the Toronto Stock Exchange. The latest approved bitcoin ETF, backed by Mike Novogratz’s Galaxy Digital, began trading Tuesday. 3 Bitcoin ETFs in Canada Canada’s securities regulators have approved three bitcoin exchange-traded funds (ETFs) within the past month. The first approved North American bitcoin ETF was Purpose Bitcoin ETF, followed by Evolve Bitcoin ETF. Both are now trading on the Toronto Stock Exchange (TSX). The…

Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today – Bitcoin News

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Two bitcoin exchange-traded funds (ETFs) have been approved in Canada. Evolve Bitcoin ETF has become the second bitcoin ETF to get approval by Canada’s securities regulator. The first approved bitcoin ETF starts trading Thursday. Some believe that the approval of bitcoin ETFs in Canada improves the chances of one being approved by the U.S. Securities and Exchange Commission (SEC). Two North American Bitcoin ETFs Approved North America now has two approved bitcoin exchange-traded funds. Evolve Funds Group Inc. announced Tuesday that it has been cleared to launch a bitcoin ETF,…

Evolve’s Bitcoin ETF Filing Gets Approved by Canadian Regulators

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Evolve Funds Group Inc., has gotten the approval of the Ontario Securities Commission (OSC) to launch its bitcoin exchange-traded fund (ETF) dubbed EBIT. The team says the new ETF is designed to provide investors with exposure to the daily price movement of the U.S. dollar price of bitcoin (BTC), according to a prospectus document dated February 12, 2021. Canadian Regulators Greenlight Second Bitcoin ETF In another exciting development for Canada’s cryptocurrency ecosystem, the Ontario Securities Commission (OSC) has approved the bitcoin exchange-traded fund filing of Evolve Funds Group Inc, barely…

First Bitcoin ETF in Canada Approved, Is US Next?

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A Bitcoin ETF has been approved in North America. Canadian securities regulators on Thursday approved the first publicly traded Bitcoin exchange-traded fund Purpose Bitcoin ETF. While everyone was looking at the SEC to approve the first ETF in the US, Canada has made a move for it and proven its progressive view of Bitcoin and crypto at large. The Bitcoin ETF is set to provide exposure to long term, “high-risk” investors. The approval is set to cover these territories, British Columbia, Alberta, Saskatchewan, Yukon, Quebec, New Brunswick, Nova Scotia, Prince…

First Bitcoin ETF approved in Canada

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A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada. This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product. The decision document was approved on Thursday, Feb. 11, and covers the following territories; British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut. Accelerate Financial Technologies had filed and obtained a receipt for a preliminary prospectus with Canadian…

First North American Bitcoin ETF Approved by Canadian Securities Regulator

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The first bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut. This story is developing and will be added to accordingly. Original

Bitcoin core non-profit gets approved for tax exemption, perks for donors

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A new non-profit aiming to fund Bitcoin development education and research has been approved for special tax status, conferring benefits on donors. Brink, which launched in the fall, has been approved as a 503(c)(3) organization according to a Feb. 10 blog post. The status both exempts Brink from federal taxes and provides some interesting benefits to donors, especially considering their use of Bitcoin.  Donations to 503(c)(3) organizations in the U.S. have always been an important tax write-off, but considering the long-term confusion over the IRS seemingly asking for Bitcoin users…

Crypto Market Cap Must Reach $2T for Bitcoin ETF to Be Approved

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Catherine Wood also praised the newly nominated head of SEC Gary Gensler is “very pro Bitcoin”. The CEO of Ark Investment Management Cathie Wood has said that financial regulators in the United States will not assent to a Bitcoin exchange-traded fund unless the overall market capitalization of the crypto industry hits $2 trillion. This was made known in an ETF Trends Big Ideas event. According to Wood, she doubts if the US Securities and Exchange Commission (SEC) would feel comfortable with the leading crypto asset unless the “flood of demand”…

Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators – Altcoins Bitcoin News

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Enjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport. ENJ Is Set to Be Listed in Coincheck on January 26 According to the announcement, enjin coin (ENJ) was granted legal status by the Japan Virtual Currency Exchange Association (JVCEA), the country’s official crypto watchdog. The blockchain gaming platform said its token would be listed on Coincheck on January 26, 2021, allowing Japanese users to purchase it with Yen and trade…