U.S. SEC Approves Leveraged Bitcoin Futures ETF for the First Time Binance Business Suspension Order from Belgian Authorities |

Summary of important breaking news on the morning of the 23rd

This is a summary of notable news related to virtual currency until the morning of Japan time.

Leveraged bitcoin futures ETF SEC approved for the first time (attention: ★★★★☆)

US Volatility Shares announced on the 23rd US time that the SEC approved its leveraged bitcoin futures ETF “BITX”. BITX is the first leveraged bitcoin futures ETF to be sanctioned by the SEC and is scheduled to go public next Tuesday.

BITX does not invest in physical bitcoin, but operates in bitcoin futures with double leverage. In 2021, several ETF management companies, such as Valkyrie and Direxion, attempted to apply for leveraged Bitcoin ETFs, but initially withdrew their applications after the SEC pointed out that investor protection rules were not in place. There is a history.

connection: Bitcoin spot ETF, 3 new companies apply, re-challenge in response to SEC concerns

connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention

National Tax Agency Officially Announces Partial Revisions to Virtual Currency Corporation Tax Rules (Attention: ★★★★☆)

Regarding corporate tax on virtual currency in Japan, the law has been revised in part. The National Tax Agency has issued a legal interpretation notice regarding partial revisions to rules related to corporate tax.

connection: National Tax Agency officially announces partial revision of virtual currency corporate tax rules

Belgium Binance Ordered to Suspend Business (Attention: ★★★★☆)

Belgium’s Financial Services and Markets Authority (FSMA) has ordered Binance to immediately stop offering cryptocurrency services in the country. “FSMA provides Binance with crypto-fiat exchange services and custody wallet services in Belgium from non-European Economic Area (EEA) countries,” it said.

“We are reviewing the details of the FSMA directive and will continue to work with regulators in Belgium and around the world to comply with our exchange obligations,” Binance said in a statement.

Trial run of SAP USDC cross-border settlement (Attention: ★★★☆☆)

German software giant SAP is piloting Circle’s USDC stablecoin for clients to tackle existing cross-border payments challenges.

According to the blog post, the company aims to provide a hassle-free solution for companies to send money abroad by leveraging a USD-pegged stablecoin and a Euro-pegged stablecoin, EUROC.

connection: Circle decides to participate in the global Web3 conference “WebX” held in Tokyo

connection: US Circle announces arbitrum support for stablecoin USDC

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