🇬🇧 The UK Eases Restrictions on Crypto Derivatives
The UK's Financial Conduct Authority (FCA) has proposed lifting the ban on retail investors purchasing exchange-traded notes (ETNs) linked to Bitcoin and Ethereum. The restrictions have been in place since January 2021. After the consultation period ends in July 2025, these products may become available to a wider audience—provided that there is proper risk disclosure.
UK ETNs New access tools to crypto will emerge, which may increase the flow of retail investments.
Indian Regulation Possible establishment of a preliminary regulatory framework, which will enhance global interest in the Indian market.
SEC + Ripple SEC's decisions may set the tone for further altcoin regulation.
Political Factor in BTC The connection between the crypto community and American politics is strengthening — this may cause divisions of opinion within the market.
On June 9, the U.S. Securities and Exchange Commission (SEC) will hold a meeting to discuss both the overall regulatory strategy and the current case against Ripple. Participants will include Chairman Paul Atkins and several commissioners, including Caroline Crenshaw and Hester Peirce.
The National Bank of Kazakhstan (NBK) has begun implementing a project for payment 'crypto cards' and several pilot programs in the field of digital assets, according to the regulator's website.
'Crypto cards' will allow consumers to make cashless transactions linked to wallets with licensed service providers of digital assets of the International Financial Center 'Astana' (IFCA), the regulator writes. The mechanism provides for the sale of the client's digital assets on the IFCA cryptocurrency market at the moment of making a payment transaction, with the immediate crediting of their value to the card, as clarified in the regulator's release. The NBK promises to ensure high transaction speeds through 'crypto-fiat integration of banks and IFCA providers'.
In 2025, market participants, in coordination with the regulator, plan to implement a number of pilot projects. Among them are the issuance of stablecoins backed by the national currency, including the digital tenge, for settlement operations with digital assets. Tokenization of assets and real estate is also planned for the organization of accounting and storage systems.
The company Malikie Innovations, which acquired tens of thousands of patents from the former phone manufacturer BlackBerry in 2023, has sued major miners Marathon Digital and Core Scientific for using elliptic curve cryptography (ECC). The plaintiff claims that only they hold the rights to this technology.
This case focuses on groundbreaking innovations in elliptic curve cryptography that were recognized and chosen by Bitcoin developers years later, according to the case materials.
The recent slowdown in inflation in Russia opens up space for the Bank of Russia to make decisions on monetary policy, including some easing of its rigidity, reports the Interfax agency citing a statement by Finance Minister Anton Siluanov at a financial university.
"In recent months, the dynamics of inflation have been trending down, which is good, and the Central Bank will have the opportunity to make all necessary decisions regarding the rigidity of monetary policy or its slight easing," the official noted.
One of the reasons for the cooling of the Russian economy he named was the fight against inflation.
Trump has taken a wait-and-see approach regarding new sanctions against Russia. He plans to make a final decision after the second round of negotiations between Moscow and Kyiv. This was reported by The Atlantic magazine, citing sources in the White House administration.
One of the president's close advisors noted that, despite frustration with the lack of noticeable progress in the negotiations, the American leader continues to hope for a peaceful agreement.
"The president is furious, but he still hopes to strike a deal. He is trying to find the best way to it," said the source.
Sber is preparing to present structural bonds linked to cryptocurrency to investors, writes RBC Investments.
This information comes from a statement by Sberbank's Deputy Chairman Anatoly Popov, disseminated by the bank's press service:
"In the near future, we will present investors with a product that will provide a convenient and secure exposure to cryptocurrency assets — without direct ownership of cryptocurrencies, but with full compliance with regulatory requirements in the Russian infrastructure. Investment will be available through structured bonds, the yield of which is linked to the price dynamics of cryptocurrencies.".
The crisis of American assets dependent on foreign investors may occur next year, writes MarketWatch citing a warning from a strategist at Standard Chartered Bank.
Steve Englander, head of G10 global currency research at Standard Chartered, claims that 2026 will be critical: foreign investors will decide whether to support the growing debt of America.
Over the last decade, the external debt of the United States has significantly increased. This dependence on international investors for financing the growth of public debt means that any reluctance on their part to buy treasury bonds or dollars will be quickly and painfully felt.
Despite some volatility, the yield on 10-year treasury bonds has decreased by 15 basis points this year. Meanwhile, the dollar index has fallen by 8% since the beginning of the year.
Russia: The State Duma Committee on the Financial Market supported a bill that provides for the seizure of cryptocurrency during criminal investigations. This decision aims to strengthen control over the use of digital assets in criminal activities. #MSMannanov #RussiaCrypto #Russian
US President Donald Trump recommended imposing 50% tariffs on the EU, reports RBC citing a message from the American leader on the social network Truth Social.
"The European Union, created primarily to profit from trade with the US, has proven to be an extremely difficult partner. Its powerful trade barriers, value-added taxes, ridiculous corporate penalties, non-monetary trade barriers, currency manipulation, unfair and unfounded lawsuits against American companies, and much more have led to a trade deficit with the US of over $250 million a year, which is completely unacceptable," wrote the owner of the White House.
Negotiations between Washington and Brussels "lead to nothing," emphasized Trump.
"Therefore, I recommend imposing direct 50% tariffs on goods from the EU starting June 1, 2025. They will not be applied to goods produced in the States," stated the president.