Thailand Approves Tether’s USDT as Compliant Cryptocurrency

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📈 Preview On Today’s News:

1. - Thailand Approves Tether’s USDT as Compliant Cryptocurrency

2. - Coinbase Derivatives to Launch 24/7 Bitcoin and Ethereum Futures Trading in the U.S.

3. - Kraken Secures UK Electronic Money License to Expand Fiat Services

Keep reading below for more!

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Today’s News:

1)

Thailand Approves Tether’s USDT as Compliant Cryptocurrency

Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USDT as a compliant cryptocurrency, marking a major step toward integrating stablecoins into the country’s regulated financial ecosystem. This approval allows businesses and individuals in Thailand to legally use USDT for transactions and investments, enhancing the legitimacy and adoption of stablecoins. It also strengthens Thailand’s crypto regulatory framework, providing clearer guidelines for investors and institutions. The move positions Thailand as a crypto-friendly nation and could encourage further adoption of digital assets, potentially attracting more blockchain projects and investors to the region.

• Thailand’s SEC has approved Tether’s USDT as a compliant cryptocurrency, allowing its legal use in transactions and investments and boosting stablecoin adoption.

• The decision enhances Thailand’s crypto regulatory framework and strengthens its position as a crypto-friendly nation, potentially attracting more blockchain projects and investors.

2)

Coinbase Derivatives to Launch 24/7 Bitcoin and Ethereum Futures Trading in the U.S.

Coinbase Derivatives has announced plans to introduce 24/7 futures trading for Bitcoin (BTC) and Ethereum (ETH) in the United States. This move addresses growing demand from U.S. traders seeking continuous, regulated futures trading, aligning crypto futures with the always-open nature of the broader crypto market. Coinbase will offer perpetual futures—contracts without expiration dates—and nano-sized contracts to cater to both institutional and retail investors. By breaking away from fixed trading hours, Coinbase aims to increase accessibility, flexibility, and inclusivity in crypto futures, positioning itself to compete directly with traditional derivatives exchanges like CME Group.

• Coinbase Derivatives will offer 24/7 Bitcoin and Ethereum futures trading in the U.S., including perpetual contracts and nano-sized options to attract a wide range of investors.

• The move aims to enhance accessibility and flexibility in crypto futures, providing round-the-clock opportunities and competing with traditional exchanges limited by standard trading hours.

3)

Kraken Secures UK Electronic Money License to Expand Fiat Services

Kraken, a major cryptocurrency exchange, has received approval from the UK's Financial Conduct Authority (FCA) to offer electronic money services. The new Electronic Money Institution (EMI) license allows Kraken to issue electronic money, handle client deposits and withdrawals, and offer virtual accounts tailored for enterprises needing efficient fund management. This move is expected to expand Kraken's fiat-related services and improve banking access for UK users. The approval also sets the stage for Kraken's broader expansion strategy in the UK, where crypto adoption is rising, and follows its recent licensing achievements in the EU.

• Kraken's FCA-approved EMI license enables it to offer electronic money services, including virtual accounts, expanding fiat service access for UK clients and enterprises.

• The license strengthens Kraken's UK expansion strategy amid growing crypto adoption, following its recent MiFID license approval in the EU.

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