A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…
Tag: Commodity
Understanding SEC’s Classification of Crypto-assets: Securities or Commodities?
Cryptocurrency growth in the last decade has taken the technological world by storm, and with this growth came a lot of questions and concerns. The classification of cryptocurrency is, primarily, a chief concern. The subject is one that courts, government agencies, and even financial markets struggle to grasp. The primary debate begs an answer to an essential question: are they securities, or are they commodities? Cryptocurrency traverses local, national, regional, and international boundaries. Hence the need for classification is both…
1 year ago
A Guide to Legislation and Taxation on Cryptocurrencies
Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most important regulatory authorities tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc. have made it necessary. Governments worldwide are acknowledging the importance of regulatory oversight for keeping a check on the space. This has received a lot of backlash from…
2 years ago
