Another mid-week in crypto is in the bag and this weeks stories include, recent guidance from the Office of the Comptroller of the Currency that was put into place in the face of growing adoption, popularity, and demand of stablecoins.  It also provides a means to allow banks to feel at ease when it comes to providing these services.  In particular, the guidance pertains to fiat backed stablecoins housed in hosted wallets that are overseen by verified third parties.  

The Securities and Exchange Commission also chimed in to convey the message that fiat-backed stablecoins would not be treated as securities; however, they are still examing whether or not the same treatment will apply to algorithmic stablecoins.

The CIA has launched a lab to for research and development of blockchain technology among others.  This will allow the CIA to patent their blockchain ideas, which puts them in competition with Silicon Valley.  

For sometime Wall Street and others have been pushing to launch a Bitcoin ETF that would make it easier for more investors to onboard onto BTC.  The SEC and other regulators have routinely rejected such a move.  Now a BTC ETF has finally come to fruition, however, not in the US, instead the listing of this ETF has been approved in Bermuda.

You can find more on these stories and others at the link below:

https://app.flashissue.com/newsletters/e51418cf3336d8aaf1e4fc096a83c958039aae3c