After years of opposing the idea of bitcoin, the u.S. Securities and exchange commission is beginning to approve bitcoin. According to a report by , the blackrock bitcoin exchange-traded fund is said to have boosted bitcoin and helped the cryptocurrency’s price rise above the mark. In europe, cryptoasset market regulation lays out a strong framework for crypto companies looking to shed their wild west image and enter the financial mainstream.
According to an announcement on monday, the digital asset macedonia telegram data platform said it was one of the first companies to receive approval from the european union’s cryptocurrency regulations. Still, one of the big hurdles for cryptocurrencies is their use to circumvent regulation. Russian businesses are reportedly using bitcoin and other cryptocurrencies for international payments.
The trend follows legislative changes that allow such payments to bypass western sanctions, it was reported on tuesday. According to reports, the regulatory dynamics surrounding cryptocurrencies in the united states have even led to the likes of venture capitalists arguing that banks are cutting ties with politically right-wing clients or industries such as the cryptocurrency industry.