Sygnum Bank’s Post

Bankers…this one may help if you’ve been trading cryptocurrencies. 👇 This is still a relatively young market, but we have seen some major changes over the last couple of years, including the introduction of ETFs, the rise, fall, and rise again of Bitcoin, and a whole host of other crypto assets. So, where do you stand as an investor? New rules from April 2024 will see a specific section in your self-assessment tax return covering capital gains on crypto assets. As the Bank of England considers introducing the digital pound, is this a ploy to put crypto assets in the limelight or a smash-and-grab for additional tax? Either way, it’s important that you take financial advice, as failing to declare capital gains on crypto assets could result in hefty fines. My DMs are always open 📩 #BankOfEngland #crypto #digitalassets #digitalpound #ETFs #Bitcoin

I am a bit concerned about the current situation with exchange-traded funds (ETFs) for #Bitcoin. An argument can be made that ETFs are a failure of the self-sovereignty and fundamental nature of Bitcoin. Someone else will argue that this is the initial step toward Bitcoin's natural ascent to the top of the existing financial system. I am perplexed about the rate at which BlackRock and Fidelity Investments are making purchases. One thing can be said with absolute certainty. Regardless of whether you like it or not, Bitcoin is here to stay. #ETF are the first border that splits the phases "We are early" and "Wall Street is in the game."

London Stock Exchange to Accept Bitcoin and Ethereum ETN Applications in Q2 2024 According to BlockBeats, the London Stock Exchange (LSE) has confirmed that it will accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETN) in the second quarter of 2024. ETNs are typically unsecured debt securities issued by banks, exposing investors to the credit risk of the issuing institution. Unlike Exchange Traded Funds (ETFs), ETNs do not actually correspond to a portfolio of securities; their returns are based solely on the change in value of a predetermined index. This means that ETNs do not need to track an index by buying and selling securities. Disclaimer: Includes third-party opinions. No financial advice. #Bitcoin #Ethereum #crypto #cryptonews #NavExM https://lnkd.in/gqSzxVvm

With Bitcoin ETFs now operational in the US, the question becomes what else can we expect in 2024 and beyond? Edward Woodford, Founder and CEO of Zero Hash sat down with Bradley Riss, Chief Commercial Officer of Checkout.com to discuss crypto payments and real-world use cases. Bradley shares that once regulation is in place, suddenly Stablecoins and all the benefits they bring goes from bleeding edge to table stakes Watch the full discussion to learn more https://lnkd.in/emkJ9bgq #Stablecoins #Payments #Crypto #DigitalAssets

🔑 Knowing how much of your portfolio is in Bitcoin and having a long-term plan are key. 🟢 Holding Bitcoin for at least four (4) years is recommended because history shows it usually pays off. 📚 Download "The Great Transfer" to learn about Digital Assets & develop a long-term strategy for incorporating Bitcoin into your portfolio. #digitalAssets #bitcoin #strategy #portfolio ---------------------------- NOT FINANCIAL ADVICE ----------------------------

🏦💼Major banks and financial institutions in the US are lobbying the SEC to redefine crypto assets, aiming to expand their role in the crypto market, particularly in custodianship for spot Bitcoin exchange-traded funds. The coalition, including the Bank Policy Institute and the American Bankers Association, emphasized the absence of US banks as custodians in recently approved Bitcoin ETFs, urging the SEC to reconsider its stance. With over $4 billion in aggregate inflows to spot Bitcoin ETFs, the push signifies banks' eagerness to tap into the burgeoning digital finance landscape. #bitcoinetf #cryptofinance #investing #custody  🌐 https://lnkd.in/dPpnZsXt

The SEC’s decision to approve Bitcoin ETFs is a massive milestone for the validation of cryptocurrencies. Enabling public trading and greater mainstream addressing, regulators support the role of digital currencies in contemporary financial matters. By this watershed moment, Bitcoin is considered by those who earlier criticized it worthwhile to be promoted with a set of rules. There is still doubt over the volatility aspect as investors diversify into crypto for its uncorrelated nature. Yet the winds of acceptance now clearly blow towards acceptability. Bitcoin is the encrypted version of cash that an individual can create, thus no need to visit banks The openedness of the SEC makes crypto much closer to standard asset classes. #bitcoinetf

The Financial Conduct Authority (FCA) is set to welcome Bitcoin-backed exchange traded notes (ETNs) on the London Stock Exchange starting in April. According to Financial Times this move, allowing issuers to apply for listings linked to Bitcoin, signals a significant shift in the UK regulator's approach towards crypto securities. Aimed at professional investors, it's a step towards integrating digital assets into mainstream finance. #bitcoin #investments

The U.S. Securities and Exchange Commission heralded a new #crypto era on January 10, 2024, when it approved by a 3 to 2 vote multiple exchange-traded products or #ETPs, that invest directly in #bitcoin for listing and trading. To get to this point, the Commission followed a long and rocky road. While the Commission’s approval was a cause for celebration in crypto world, and of course with bitcoin funds in waiting, it also left many people wondering why this took so long, while others said that the SEC’s approval could sacrifice investor protection. In this episode of the Mutual Fund Minute, we look at the process that led up to this milestone, what it means for investors, and what comes next.

Jamie Dimon calls Bitcoin a fraud and scam At the same time, he’s also defending your right to buy spot Bitcoin ETFs. Because JP Morgan can make money selling you Bitcoin ETFs. Bitcoin is a “ponzi” and “scam” but cryptos that can do “something like smart contracts” are not worthless 😇😂😅. JP Morgan is pushing its own agenda and don’t take this statements at face value. Banks are making money off crypto financial products & services and will also roll-out their own solutions if there’s enough client interest. As a reminder, JP Morgan paid $40 billion (yes, that’s a billion with a b) in fines for money laundering, helping tax evasion and market manipulation. #jamiedimon #jpmorgan #bank #bitcoin #crypto #web3 Follow 👉 Anton Golub & share ♻️ with your network