• Fidelity, VanEck, and other companies refiled spot Bitcoin ETF applications after reports of SEC rejections.
• South Korea passed new crypto legislation focusing on investor protection.
• The recent spot Bitcoin ETF applications fell short of the SEC’s expectations on a technicality, but are still in contention.

Fidelity, VanEck Refile Spot Bitcoin ETF Applications

Fidelity, VanEck, and other firms have refiled their spot Bitcoin ETF applications with the US Securities and Exchange Commission (SEC) after reports that the initial applications were rejected by the regulator. This move is intended to address any issues raised by the SEC in its review process and bring these products closer to approval for public trading.

South Korea Passes Crypto Legislation

South Korea has recently passed new legislation focused on providing better investor protections for those participating in digital asset markets within its borders. This includes both local investors as well as those outside South Korea who may be interested in investing in Korean-based businesses or assets. The law seeks to create a more transparent regulatory environment for crypto-related activities while also addressing risks associated with market speculation and manipulation.

Recent Spot Bitcoin ETF Applications Fall Short of SEC’s Expectations

Recent attempts to launch a spot Bitcoin ETF have come up short due to a technicality which does not meet the SEC’s expectations on these types of products. However, the firms involved are far from giving up and continue to look for ways to satisfy all applicable requirements so that their respective product can be approved for public trading soon enough.

BNY Mellon’s Crypto Custody Venture Runs Afoul of SEC Rules

BNY Mellon has launched a crypto custody venture recently which has since come under scrutiny from US regulators due to potential noncompliance with certain securities laws. The firm is seeking clarification from the SEC as it looks to provide services related to digital asset storage without running afoul of established regulations.

Vodafone Confirms Cardano NFT Plans

Vodafone has confirmed rumors that it will be launching its own Non-Fungible Token (NFT) platform based on Cardano technology later this year. This will allow users access to NFTs backed by real-world assets such as artworks and collectibles, allowing them to securely store them or trade them amongst each other using Vodafone’s platform infrastructure