Here’s what happened in crypto today
Today in crypto, Hashdex has added XRP, Solana, and Stellar to its US crypto index ETF following new SEC listing standards. The ETF now features five cryptocurrencies, including Bitcoin and Ether, and trades under the ticker NCIQ. The SEC's recent rule change aims to streamline the ETF approval process, allowing more cryptocurrencies classified as commodities to qualify for listing. In Europe, nine banks, including ING and UniCredit, are collaborating to launch a MiCA-compliant euro stablecoin set to debut in 2026. This initiative aims to provide a European alternative to US-dominated stablecoins, enhancing the EU’s payment strategic autonomy. Australia is also moving to regulate crypto exchanges, with draft legislation introduced to extend financial service laws to these businesses. The proposed law will introduce new financial products that require compliance with Australian Financial Services licenses, promoting a more structured regulatory environment for digital assets, expected to be refined after public feedback.
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