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The last week was marked by a crash in the crypto market. The most important events around BTC and Co. at a glance.
Severe correction in the crypto market
As a result of the interest rate increase by the US Federal Reserve, the crypto and classic financial markets had to accept a strong sell-off. Price falls in the double-digit range were no longer uncommon.
The TerraUSD in particular was hit hard in the course chaos. The algorithmic stablecoin lost its peg to the US dollar, dragging the entire Terra ecosystem with it.
EU Commission opposes parliamentary draft
In the current trilogue negotiations on the EU’s MiCA regulation, a panel of experts from the Commission has now expressed “serious doubts” about individual aspects of the draft paper on the part of Parliament.
The committee believes that selected measures against money laundering and terrorist financing in Parliament’s proposal are not compatible with certain provisions of the World Trade Organization (WTO).
Google gives the green light to crypto advertising
With a change of Crypto Advertising Policy the search engine giant Google is open to BTC and Co. From July 7 of this year, it should no longer only be possible to advertise crypto services in the USA, but also in other countries.
The prerequisite for this, however, is to be licensed not only by Google itself, but also by local financial authorities.
Treasury drops 10-year deadline for staking and lending
The Federal Ministry of Finance (BMF) is taking the ten-year holding period for staking and lending off the table. This emerges from a letter from the authority, which specifies the tax registration of crypto assets.
In addition to the end of the holding period extension for staking and lending, cryptocurrencies, for example, were clearly defined as economic goods.
Turkish Football Association investigates referees
Actually, the referee Arda Kardeşler just wanted to start the city derby between Besiktas and Fenerbahçe Istanbul with a coin toss. However, the 34-year-old did not use a common coin for this, but one that showed the logos of the two cryptocurrencies BTC and ETH.
Now the crypto fan is being investigated. The consequences of the coin toss, which the Turkish Football Association did not find funny at all, remains to be seen.
Stablecoins like Tether, USDC are safe – overview
