Quick weekly news:
- TEMPORARY REGIME: The U.K.’s top financial watchdog has extended an imminent deadline for registering a crypto business to mid-2021.
- DIGITAL COLLECTIBLES: FC Barcelona defender Gerard Piqué invested $4.3 million in the non-fungible token (NFT) site Sorare.
- MAJOR M&A: Japanese financial firm SBI Holdings buys European crypto market maker B2C2.
Other notable events include:
- FinCEN is hiring two officials to help draft regulations related to the “threats” posed by the cryptocurrency space as well as advise financial institutions and collaborate across government and private sectors on crypto policy.
- Coinbase filed preliminary paperwork to go public, beginning the long road to what can become the first Bitcoin company trading on the U.S. stock exchanges.
Crypto experts
FinCEN is hiring two officials to help draft regulations related to the “threats” posed by the cryptocurrency space, advise financial institutions and collaborate across government and private sectors on crypto policy. Earlier this month, rumors had it that Secretary of the Treasury Steven Mnuchin would rush out self-hosted wallet regulations that might harm the crypto industry. The Block reported the regulations may require crypto companies to file a “currency transaction report” on crypto transactions over $10,000 sent and received through a self-hosted crypto wallet.
Coinbase IPO
Coinbase filed preliminary paperwork to go public, beginning the long road to what can become the first major Bitcoin company trading on the U.S. stock exchanges. This summer, rumors had it that the firm, last valued at $8 billion, would pursue a “direct listing” rather than the bank-heavy traditional route of an initial public offering – though Thursday’s “confidential” filing offers few clues. Messari estimates the firm could fetch $28 billion on the open market.
Also, be sure to check out top altcoin gainers and losers of the week:
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