Bitcoin has risen in price to $11,000 again, and a draft law on the regulation of cryptocurrency in the EU has appeared on the Internet
Bitcoin has risen in price to $11,000 again
On the morning of September 16, the price of the first cryptocurrency returned to the $11,000 on a number of exchanges.
Over the week, BTC rose in price by 11% — at the beginning of September, the asset rate tested monthly lows at $9,900.
The rise in the price of bitcoin is taking place against the backdrop of several fundamental positive factors. Thus, the network hash rate has once again updated its historical maximum, reaching 150 EH/s. The number of coins sent per day, expressed in dollars, broke the annual record of $30.69 billion. At the same time, the dollar index is declining for the fourth day in a row, which also supports the BTC/USD pair.
Draft law on the regulation of cryptocurrency in the EU has been published
Politico has published a preliminary version of the Cryptocurrency Assets Markets Act (MiCA), created by the European Commission.
The document proposes to regulate cryptocurrencies, security tokens and stablecoins in the same way as traditional financial instruments, which will ensure their legal purity. The bill gives broad definitions to cryptoassets and also describes a set of rules and requirements for asset issuers and service providers. The former will be obliged to register a legal entity, and service providers will be obliged to establish an official office in a member state of the European Union.
Special attention is paid to stablecoins, which are divided into two categories: tokens linked to real assets and digital tokens.
It is expected that the bill will be submitted for consideration in September, and will be able to enter into force no earlier than 2022.
Bakkt Exchange Records Record Bitcoin Futures Trading Volume
The Bakkt cryptocurrency platform has reported a new all-time record for daily trading volume in bitcoin futures.
On September 15, the indicator reached 15,955 BTC (more than $ 200 million), which is 36% higher than the previous maximum. At the same time, the activity of BTC futures trading on the Chicago Mercantile Exchange (CME) dropped to the lowest levels — about $ 262 million.
Unlike CME, Bakkt allows customers to receive instrument settlements in Bitcoin. The site was launched in 2018 by the Intercontinental Exchange (ICE) operator, which owns the New York Stock Exchange.