The duties of Indonesia's government agency, the Commodity Futures Trading Regulatory Authority (Bappebti), include regulating Crypto Assets, which has set up a special committee to regulate the industry. The encryption asset committee was established in accordance with regulations enacted in January. Crypto Assets fall under the jurisdiction of Bappebti as Crypto Assets are considered a commodity in Indonesia. Head of Bappebti Kasan said at the opening ceremony of BLK 2024 in Jakarta on May 2: "The committee will be a driving force to ensure that the encryption asset industry continues to function smoothly and remains within the applicable legal framework." Therefore, optimizing the role of the Encryption Assets Committee should be the focus of the deployment of the current encryption asset ecosystem. ”（CoinDesk）

PANew reported on December 5 that, according to CoinDesk, BlackRock (BLK) revealed in a new application filed with the Securities and Exchange Commission (SEC) that it received $100,000 as "seed funding" for its proposed BTC ETF. This was disclosed by the investment giant. "The seed capital investors agreed to purchase $100,000 worth of shares on October 27, 2023, and to deliver 4,000 shares (the "Seed Shares") at a price of $25 per share on the same day. ” Seed capital refers to initial capital that allows an ETF to fund the units that create the ETF's base in order to issue and trade shares on the open market. BlackRock's proposed "iShares BTC Trust" will invest in BTC rather than cryptocurrency-related futures. This is one of 13 applications awaiting approval from regulators.

Jinse Finance reported that stablecoin issuer Circle has started buying U.S. Treasury bills as USDC’s reserve asset after giving up all its holdings last month due to the U.S. debt ceiling impasse. Jeremy Fox-Geen, chief financial officer of Circle Reserve Fund, managed by asset management giant BlackRock (BLK), said on a company conference call on Wednesday that we have begun building our direct holdings of U.S. Treasuries. The fund will also maintain repurchase agreements (repos) as part of its reserves.

Jinse Finance reported that BlackRock (BLK)'s iShares unit submitted an application to the US Securities and Exchange Commission (SEC) on Thursday to create an iShares Bitcoin trust. The proposal's name and other details have sparked some confusion among industry experts as to whether BlackRock is applying for an ETF or a trust with attributes similar to the Grayscale Bitcoin Trust (GBTC). Technically, BlackRock's proposal is a trust, but it's a trust that allows redemptions, so it functions like an ETF, said Noelle Acheson, editor of Crypto is Macro Now. In this sense, the iShares product is completely different from GBTC which has no redemption mechanism. The key difference is that ETFs for spot bitcoin "will be able to buy bitcoin at the end of the trading day to keep the fund's assets in line with the price at which they trade. Trusts don't have the ability to do that," said Joe Consorti, a market analyst at The Bitcoin Layer.

Golden Finance reported that BlackRock (BLK)'s iShares Bitcoin Trust application to the SEC this week included a regulatory sharing agreement in its proposal that could eliminate the market associated with Bitcoin. manipulation risk. On page 36 of BlackRock's 19b-4 filing with the SEC, the company said that in order to mitigate the impact of market manipulation, it would introduce Nasdaq (NDAQ), which will be linked to Bitcoin (BTC) spot The operator of the trading platform enters into a supervisory sharing agreement. Surveillance sharing protocols allow for the sharing of information about market trading activity, liquidation activity, and customer identities, making market manipulation less likely.

Odaily Planet Daily News Blockchain technology company ChromaWay announced the acquisition of fashion brand BLK DNM. ChromaWay's blockchain functionality will be integrated into BLK DNM's branding and products. (ForexLive)