Switzerland and Germany were hit hardest during the most recent trading week but Canada has by far the largest outflows over the month, CoinShares’ data shows. A recent slump in the price of cryptocurrencies, prompted by outflows from the Grayscale Bitcoin Trust (GBTC) could be behind outflows from digital asset investment products in Europe and...Continue Reading

MiCA passed in 2022, but aspects of it are still being worked out. Defining a financial instrument is a big outstanding question. The European Securities and Markets Authority (ESMA) released two consultation papers on Jan. 29 pertaining to its mandate to create standards and guidelines for the implementation of the Markets in Crypto-Assets (MiCA) regulation....Continue Reading