Welcome to this week’s crypto digest, where we explore some of the most pivotal developments in the digital asset space. The Czech National Bank is considering Bitcoin as part of its future reserve strategy, signaling growing institutional interest in cryptocurrency. Meanwhile, Phuket is set to pilot crypto payments for tourists, marking a significant step towards mainstream adoption in the tourism sector. In the U.S., the government has been cleared to sell $6.5 billion worth of Silk Road Bitcoin, raising questions around market impact. Additionally, a new U.S. rule could hold crypto providers accountable for compensating fraud victims. Finally, the U.S. Securities and Exchange Commission may approve up to 12 new digital asset ETFs this year, further cementing the growing legitimacy of crypto in the financial world.
Review of the past week:
| January 7, 2025 |
Czech National Bank governor weighs Bitcoin for future reserve strategy. The governor of the Czech National Bank, Aleš Michl, recently considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, highlighting growing government interest in cryptocurrency as a savings technology. Read more |
| January 8, 2025 |
Phuket to pilot crypto payments for tourists. Foreign visitors may soon pay in Bitcoin for goods and services, boosting convenience and business opportunities. Read more |
| January 9, 2025 |
US Government Cleared to Sell $6.5B Silk Road Bitcoin. The Department of Justice (DOJ) argued for an expedited sale due to market volatility, which the court supported, ending a years-long ownership dispute. Read more |
| January 11, 2025 |
New US Rule Could Force Crypto Providers to Compensate Fraud Victims. The US Consumer Financial Protection Bureau (CFPB) has unveiled a proposal that could redefine consumer protections in the cryptocurrency sector. Read more |
| January 13, 2025 |
More than 12 new digital asset ETFs could be launched in the U.S. this year, if approved by the SEC. The ETF market is expected to continue to grow in terms of AUM, Laser Digital said, and will see wider adoption by institutional investors in 2025, more so with President-elect Donald Trump back in office supported by a team of crypto-friendly regulators. Read more |
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