Bitcoin

Spot

WisdomTree, a major Bitcoin Spot ETF operator, is on the verge of a notable milestone. The company is working closely with the New York State Department of Financial Services (NYDFS) to expand its crypto-related services to customers in the state.
According to reliable sources, NYDFS is “very close” to granting WisdomTree a Limited Purpose Trust Statute. This statute will allow the company to conduct digital asset business within New York State. If approved, WisdomTree would join a select group of firms with similar charters, including Coinbase and Fidelity.
Related News: <a href="https://en.bitcoinsistemi.com/annoying-development-in-ripple-xrp-case-judge-accepts-secs-motion/" target="_blank" rel="noopener noreferrer nofollow">Annoying Development in Ripple (XRP) Case: Judge Accepts SEC's Motion</a>
The Limited Purpose Trust Regulation is a regulatory authority that allows financial institutions to operate as limited liability trust companies. These companies may engage in certain activities related to digital assets, such as custody, trading and management.
The development was first reported by cryptocurrency journalist Eleanor Terrett.
Bitcoin Spot ETFs were approved on January 10, and 11 companies launched their own ETF products. Grayscale's GBTC product, on the other hand, was converted from a trust to a spot ETF and therefore saw billions of dollars of BTC outflow, causing a decline in the Bitcoin price.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-push-for-cryptocurrencies-from-bitcoin-spot-etf-company-according-to-sources-there-is-cooperation-with-new-york-authorities/" rel="noopener noreferrer nofollow">New Push for Cryptocurrencies from Bitcoin Spot ETF Company: According to Sources, There is Cooperation with New York Authorities</a>

New Push for Cryptocurrencies from Bitcoin Spot ETF Company: According to Sources, There is Cooperation with New York Authorities

Bitcoin Sistemi EN

2024년 2월 6일에 게재된 다른 기사

ENS and GoDaddy Join Forces to Enhance Web3 Transition

Spot ETH ETF Decision Awaits SEC Approval

Craig Wright Accused Of ”Industrial Scale” Forgery And ”Brazen Lies” In First Day Of UK Trial

XRP’s Price Hike Predicted by Crypto Analyst with Key Indicator

Binance Pledges Transparency Amid RONIN Listing Backlash

DeFi Dominates Crypto Venture Capital Space in January, But Overall Funding Drops

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!