Day: 8 February 2025

Brazil’s Crypto Boom Fueled by Stablecoins; Central Bank Chief Warns of Regulatory Challenges

Brazil has witnessed a significant surge in cryptocurrency adoption, with stablecoins now driving nearly 90% of digital asset transactions, according to Gabriel Galipolo, the country's central bank chief.  Galipolo reportedly made this declaration while speaking at a Bank for International Settlements event in Mexico City on Friday, February 7. He ...

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U.S. SEC Acknowledges Grayscale’s Revised Application for Spot Solana ETF

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale Investments' updated application for a spot Solana exchange-traded fund (ETF), marking a notable development in the regulator's evolving approach to crypto-focused ETFs. This move, announced on February 6, marks a departure from the SEC's previous rejections of similar filings ...

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