ECB appoints 30 members for digital euro advisory group, Tether to be regulated by SEC and delayed ETF

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European Central Bank appoints 30 members to digital euro advisory group

The European Central Bank (ECB) has appointed 30 members to its new “Digital Euro Market Advisory Group.”

The members will advise the Eurosystem on designing and distributing a potential digital euro, a central bank digital currency (CBDC). The Eurosystem is the monetary authority of the euro area and comprises the ECB and the national central banks of the member states that use the euro.

The ECB launched the digital euro project in July in an investigation phase. At the time, it said a market advisory group will consider prospective users’ and distributors’ views on a digital euro.

Source: The Block

Bitcoin futures ETF VanEck to be launched

Bitcoin (BTC) fell below $59,000, a day after the launch of the third United States regulated exchange-traded fund (ETF) was delayed with one or two days.

The VanEck Bitcoin Strategy ETF (XBTF) will be launched later this week, according to Bitcoin Magazine.

Last week’s ProShares Bitcoin Strategy ETF saw a surge, which ended in new all-time highs for BTC/USD, these still unmatched as a correction challenged $60,000 support.

Source: Cointelegraph

SEC to regulate Stablecoins as U.S. weighs new rules

The Securities & Exchange Commission (SEC) will become the US regulator of the stablecoin market, according to Bloomberg.

The stablecoin market is estimated to be $131 billion, mostly consisting of Tether USDT-tokens. Traders appreciate the speed and easiness of stablecoins for stepping in and out of the market in times of volatility.

There has been some haggling in America for a while as to which government agency will now be responsible for this type of cryptocurrency. Bloomberg says the Treasury Department will announce the SEC’s oversight this week.

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