Coinbase, a cryptocurrency exchange is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU).
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Coinbase, a cryptocurrency exchange is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU).
It was revealed by the crypto exchange on March 11 in a social media post, that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal.
“Coinbase is now FIU-registered, “It’s a major step towards empowering Indian entrepreneurs to build, innovate and scale global on-chain businesses — all from home,” said Grewal.
As per a blog post by Coinbase, it confirmed the plan to launch cryptocurrency trading services in the country but did not specify a timeline for the same.
Cointelegraph contacted Coinbase for more information about its India launch plans but did not receive an immediate response.
According to a March 11 filing, Cboe BZX, a securities exchange, is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF).
The filing by Cboe marks the latest attempt to support staking for the Ether ETH $1,894 funds traded on its US exchange.
As per the filing, Cboe’s proposed rule change would allow Fidelity Ethereum Fund (FETH) to “stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers.”
According to data from VettaFi, Fidelity Ethereum Fund is among the most popular Ether ETFs, with nearly $1 billion in assets under management.
The asset manager of Bitwise said on March 11 that Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin BTC $81,505 treasuries.
Bitwise said, the Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries.”
The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries.