Canada Invokes Emergency Powers To Defund Protestors – February 15

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $44,087

Bitcoin price has leapt back above the $44,000 mark over the last 24 hours of trading, coinciding with Canada’s emergency power announcement.

Top-20 altcoins have performed well, as Ethereum rises 5%, BNB gains 6% and Avalanche charges ahead with a 9% jump.

Top Stories for February 15, 2022 ๐Ÿ”ฅ

๐Ÿ‘‰ Canada Invokes Emergency Powers To Defund Protestors

Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act for the first time ever, in an attempt to restrict funds to COVID-19 restriction protestors.

The move broadens anti-money laundering and anti-terrorist financial rules to cover crowding platforms and their payments service providers, including those that are crypto-related.

According to Deputy Prime Minister Chrystia Freeland, financial institutions will be able to freeze accounts that under suspicion of being related to the blockades โ€“ without a court order or liability.

๐Ÿ‘‰ Fidelity International Launching Physical Bitcoin ETP In Europe

Fidelity International’s first Bitcoin exchange-traded product (ETP) is set to go live on the Deutsche Bรถrse Xetra today, with a listing also coming soon on Swiss Exchange SIX.

The ETP tracks the price of Bitcoin and will be accessible to Fidelity International’s institutional clients in Europe. The product will charge a fee of 0.75% and trade under the ticker FBTC.

๐Ÿ‘‰ US Bill Introduced For Government Insurance Of Qualified Stablecoins

House Financial Services Committee member Josh Gottheimer has introduced a bill that would insure “qualified” stablecoin holders to redeem their tokens for US dollars on demand.

In order to meet the definition of “qualified”, the stablecoins would have to be issued by insured depository institutions or specific non-bank issuers. The stablecoins would be classed as neither securities nor commodities under US law.