• Fidelity, VanEck, and other companies refiled their spot Bitcoin ETF applications after reports of SEC rejections.
• South Korea passed new crypto legislation focusing on investor protections.
• Recent spot Bitcoin ETF applications fell short of the SEC’s expectations on a technicality but are still being considered.
Fidelity, VanEck Refile Spot Bitcoin ETF Applications
Several companies have refiled spot Bitcoin exchange-traded fund (ETF) applications after reports of rejections by the U.S. Securities and Exchange Commission (SEC). Companies like Fidelity and VanEck are among those who have submitted new applications in hopes that they will be accepted this time around.
South Korea Passes Crypto Legislation
In addition to the above news, South Korea recently passed a new set of crypto legislation focusing on investor protections. This law seeks to prevent fraud within the crypto space while also providing more clarity about how digital assets should be handled in terms of taxation and other matters.
Recent Spot Bitcoin ETF Applications Fall Short
Recent spot Bitcoin ETF applications were reported to have fallen short of the SEC’s expectations on a technicality, though they are still being considered for approval. The main concern is that these applications do not meet certain requirements in terms of market surveillance or investor protection measures.
BNY Mellon’s Crypto Venture Runs Afoul Of SEC Rules
BNY Mellon’s recently launched crypto custody venture ran afoul of SEC rules due to its lack of sufficient compliance measures with regards to customer funds protection and market manipulation prevention protocols. The company was forced to take corrective action in order to comply with regulations before launching their services officially.
Vodafone Confirms Rumors Of Cardano NFT Plans
Finally, Vodafone confirmed rumors that it was planning an NFT launch using Cardano technology as its platform for issuing tokens which represent digital artwork created by various artists around the world. This move would mark Vodafone’s foray into the blockchain space and could potentially revolutionize how art is collected and exchanged online going forward