Let’s check out the most important news and trends on the crypto market in June.
zondacrypto Team
6 Juli 2023
24 August 2023
Let’s check out the most important news and trends on the crypto market in June.
The SEC Cracks Down on Non-regulated Cryptocurrency Services
June has been quite turbulent for non-regulated cryptocurrency exchanges. The US Securities and Exchange Commission (SEC) has cracked down on Binance, with a focus on its US subsidiary, Binance.US.
The SEC charged Binance with operating an unlicensed exchange services, broker-dealers, and clearing agencies. The platform was also charged for providing trading services to US customers involving unregistered securities. Additionally, the SEC states that Binance was misusing the funds of its clients. As a result, Binance failed to obtain an operating license in the Netherlands, and faces a court investigation in France.
These charges are yet to reach a legal epilogue since the case is in its early stages, but they have caused considerable turbulence in the crypto market and showed what can happen with trading platforms that provide non-regulated services.
Major Investment Companies Are Filing Bitcoin ETFs - What Does This Mean for the Crypto Market?
A string of major investment firms are planning to join the crypto market by introducing Bitcoin exchange-traded funds (ETFs). BlackRock, Fidelity, Ark Invest, and multiple additional investment giants have filed BTC ETF requests with the US SEC.
For years, the SEC has refused to approve a BTC ETF service, but it seems that the tides are changing, and these applications might get regulatory approval. In layman’s terms, this means that investment funds with hundreds of billions of EUR worth of assets will be joining the crypto market and offering their clients' exposure to Bitcoin through ETF services.
The news of these ETF applications had a strong impact on the crypto market during the last few weeks and boosted the price of Bitcoin over 30,000 USD.
Central Bank Digital Currencies Are Gaining Popularity
The idea behind central bank digital currencies (CBDCs) is to create government-backed cryptocurrencies which mimic the price of the official fiat currency of a particular country.
The idea is becoming increasing popular, and a recent study conducted in June shows that 130 countries are exploring the possibilities of introducing a CBDC. The US, India, Brazil, and the European Union are just some of the major jurisdictions exploring that.
The European Central Bank already announced plans to introduce a pilot CBDC program ahead of a possible launch of the digital Euro in 2028.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Cointelegraph: Blockchain will transform football’s broken transfer system
Football’s transfer system is plagued by delays and barriers. Blockchain technology offers faster settlements and global market access - says Przemysław Kral, CEO of zondacrypto, in his opinion regarding blockchain in football market.
Business Insider: Legt Präsident Nawrocki sein Veto ein? Polnisches Unternehmen erwirtschaftet Gewinne in Polen, versteuert sie aber in Estland
Warum Estland und nicht Polen? Weil Polen uns nicht will. Was die Regulierung und Entwicklung von Kryptowährungen angeht, hinkt Polen hinterher. Und die künftige Regulierungsbehörde – ich nehme an, es wird die KNF sein, obwohl das noch nicht endgültig feststeht – ist dem Kryptomarkt gegenüber sehr negativ eingestellt. Daher ergibt es keinen Sinn, eine Geschäftstätigkeit in einem Land auszuüben, das solche Unternehmen nicht haben möchte und die Steuern ablehnt, die wir in anderen Ländern zahlen – sagt Przemysław Kral, CEO von zondacrypto, in einem Interview mit Business Insider Polska. Zu den neuen Branchenvorschriften äußerte sich im Wahlkampf auch Präsident Karol Nawrocki und versprach, kein diesbezügliches restriktives Gesetz zu unterzeichnen.
Comparic: Przemysław Kral kritisiert Kryptowährungsregulierung scharf. „Polen ist das Schlusslicht Europas”
Der CEO von zondacrypto, Przemysław Kral, weist darauf hin, dass sein Land Entwicklungschancen verpasst, während die USA Investoren anziehen. Wird Polen die digitale Revolution verpassen?
Qui Bici Sport: Die Zukunft des Sports (und des Radsports) laut zondacrypto
Wir haben sie bereits im Radsport gesehen und werden sie mit Sicherheit noch oft zu sehen bekommen. zondacrypto hat eben den Sport, und insbesondere den Radsport, gewählt, um seine Bekanntheit in den Augen des Publikums zu steigern.
Wir sprechen hier von einer Kryptowährungsbörse, die aktuell über eine Million Nutzer zählt. Um dieses Phänomen besser zu verstehen, haben wir dem CEO von zondacrypto, Przemysław Kral, einige Fragen gestellt.
Cryps.pl: ‘We prove that cryptocurrencies are not so bad’ – an interview with Przemysław Kral (CEO of zondacrypto)
The Polish cryptocurrency exchange zondacrypto has recently been making increasingly bold moves to integrate this asset class into the world of sports. We spoke with its CEO, Przemysław Kral, about what this rapidly growing brand has achieved so far.
goal.pl: Pogoń has extended its contract with a key partner. ‘This is our success and a challenge at the same time’.
Pogoń Szczecin and zondacrypto announced on Monday the renewal and extension of their sponsorship agreement. The logo of the leader of the cryptocurrency market in our part of Europe will continue to be visible on the Porters' shirts.
MilanoSportiva: zondacrypto Official Crypto Exchange Partner of Giro d'Italia Women
zondacrypto, one of the leading regulated cryptocurrency exchanges in Europe, has been announced as the official cryptocurrency sponsor of the Giro d'Italia Women 2025 (Giro Donne), one of the most important women's cycling competitions in the world. The agreement further consolidates the company's commitment to the world of cycling, already witnessed by its support of major events such as Strade Bianche, Milano-San Remo and Tour de Pologne.
Business Insider: Cryptocurrencies “not in accordance with principles of morality”, but still taxed. Ministry of Digital Affairs with a surprising decision
The Ministry of Digital Affair has denied the zondacrypto exchange access to the mechanism for sharing data from the mObywatel application. There would be nothing surprising about this, were it not for the reason for the decision - the ministry considered cryptocurrencies to be ‘incompatible with good morals’. The refusal is all the more surprising given that identical integration is already used by at least four licensed bookmakers, a gambling industry traditionally seen as riskier. This one, however, has met no resistance from the administration.
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