We find the most important headlines in digital assets for the week and give you our take. This week’s themes were institutional adoption and regulation, here are your headlines for July 6th, 2021:
EUROPE RELEASES FRAMEWORK FOR CRYPTO REGULATION
Synopsis: The European Commission released a 168 page document named Regulation in Markets in Crypto Assets (MiCA). It is a framework regulation and is not yet law.
Theme: Regulation
Our Take: Any regulation will come with good and bad for markets, but in totality while regulation may bring some volatility in the short term, it does being more certainty for institutions and serious players.
GERMAN INSTIUTIONS CAN NOW INVEST IN CRYPTOCURRENCY
Synopsis :THE Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. Under this law, new and existing domestic special funds (Spezialfonds) are permitted to invest up to 20% of their portfolios in crypto assets.
Theme: Institutional Adoption, Regulation
Our take: We believe that Germany is a bellwether for the rest of Europe. This coupled with the upcoming MiCA are good signs for the future of digital assets in Europe
GREYSCALE ADDS CARDANO TO ITS ETF
Synopsis : Grayscale has added Cardano (ADA) to their Digital Large Cap Fund.
Theme: Crypto Infrastructure
Our take: Greyscale has been an early mover in bridging cyrpto access to traditional markets. We believe that broader access is a good thing for markets.
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