Elliptic Connect: 6 September 2023
SEC delays decision on spot Bitcoin ETF applications
On August 31st, the US Securities and Exchange Commission (SEC) announced that it has delayed until October any decision on the spot Bitcoin exchange-traded fund (ETF) applications that it has received.?
In all, the regulator has received six applications from both crypto and traditional finance firms such as Fidelity, BlackRock and Invesco Galaxy, which have hoped to launch the first spot Bitcoin ETF soon. The SEC filings mean that existing comment periods will be extended, and more public feedback will be allowed.
The UK Travel Rule has just gone live: here’s what it means
The time is here; the UK’s Travel Rule obligations have gone live. The Joint Money Laundering Steering Group (JMLSG) has also just published its Travel Rule industry guidance – providing firms with greater clarity on how to meet the new obligations.?
In this blog, Elliptic’s Mark Aruliah – who personally worked on the guidance with the UK Treasury, the Financial Conduct Authority (FCA) and the JMLSG – breaks down what the Travel Rule actually is, and discusses the challenges that UK crypto firms may face from the new obligations.
Why Elliptic’s crypto anti-money laundering technology is unique
Discussing the groundbreaking technology Elliptic is working on can be intricate, but it is important to present crypto in a manner that’s clear and engaging for everyone, regardless of their familiarity with the industry.
Join Elliptic’s Director of Engineering ?ukasz Kujawa, as he demystifies the complexities behind our anti-money laundering (AML) technology, and explains why it is the best in town.
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India uses G20 presidency to push for global crypto framework
Indian Prime Minister Narendra Modi has given an exclusive and far-reaching interview to local media ahead of the G20 Leaders’ Summit that will be held in New Delhi in early September.
Holding the presidency since last December, India is in a unique position to set the agenda for international economic cooperation. Acknowledging the rapid change of technology in the sector, Modi stated that the focus should be on “adoption, democratization and a unified approach” with the “rules, regulations and framework […] not belong[ing] to one country or a group of countries”.
From the team
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