Swiss Central Bank: “We do not see the need to buy bitcoin”

Cryptocurrency News

The management of the Swiss National Bank (SNB) considers it inappropriate to invest in bitcoin and keep it as a reserve of the regulator. SNB Chairman Thomas Jordan said at the annual board meeting that buying bitcoin is not a problem for the central bank, it can do so either directly or by purchasing bitcoin-linked investment products. The head of the Central Committee is quoted by Reuters. If necessary, the regulator will be able to…

Bankless: The value of assets in second-level blockchains on Ethereum increased by 964%

Cryptocurrency News

Experts from the analytical resource Bankless note that against the backdrop of an increase in the value of assets in scaling services on Ethereum, Arbitrum and Optimism blockchains attracted the most fees. The Bankless report says that in the first quarter, the value of assets locked on second-tier blockchains or Ethereum-based scaling services increased by 964%, reaching $7.3 billion, up from $686.9 million in the first quarter of 2021. The authors of the report note…

Fidelity Cryptocurrency Pension Plans caused concern to the US Department of Labor

Cryptocurrency News

The US Department of Labor has expressed concerns about an initiative by US holding company Fidelity to include cryptocurrencies in US retirement accounts. Ali Khawar, Acting Assistant Secretary of the Employee Safety Authority (EBSA), told The Wall Street Journal that the agency does not know the implications of Fidelity’s initiative. The company announced on Tuesday that it will allow members of its 401(k) retirement savings program to invest up to 20% in bitcoin. After that,…

Belgian regulator tightens supervision of the crypto industry

Cryptocurrency News

The Belgian Financial Services and Markets Authority (FSMA) is introducing licensing for local companies that provide crypto-currency services to citizens. The Belgian regulator has announced that under the new rules, all local cryptocurrency trading platforms and custodial wallet operators are required to obtain a license to work with digital assets from May 1. The appeal states that the new regulation is being created to regulate the ever-growing crypto industry. According to the regulator, the registration…