Taiwan · Ethereum · BitMine Immersion Technologies · New York · Cointelegraph
The launch comes as Ethereum continues to dominate key institutional crypto markets
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Today in crypto, a new nonprofit backed by Ethereum co-founder Joe Lubin and major Ether treasury companies launched to accelerate institutional adoption of Ethereum.
Key facts
- Crypto fraud and price manipulation carry punishments of up to 10 years in prison and fines of up to 200 million New Taiwan dollars ($6.3 million)
- The French financial markets regulator, Autorité des marchés financiers (AMF), also added three new companies on Tuesday, including crypto investment platform Mereau Finance, blockchain
- The organization, Ethereum Institutional, aims to provide education, industry research, standards development and events while expanding its presence beyond New York, London, Hong Kong and Singapore
- The licenses were issued during the final stretch of MiCA's 18-month transitional period, which ended on Wednesday
Summary
Meanwhile, the EU's Markets in Crypto-Assets (MiCA) transition period officially came to an end with regulators issuing a final wave of crypto licenses, and Taiwan passed its first comprehensive crypto and stablecoin laws, establishing a licensing regime for digital asset companies. A new independent nonprofit backed by Ethereum co-founder Joe Lubin, BitMine Immersion Technologies and SharpLink has launched to help drive institutional adoption of Ethereum by serving as a liaison for banks, asset managers and other financial institutions. The organization, Ethereum Institutional, aims to provide education, industry research, standards development and events while expanding its presence beyond New York, London, Hong Kong and Singapore into other financial hubs.