Today’s Insider ⬇️
⚖️ Crypto Regulation: Russia to legalize crypto payments in foreign trade
📈 Crypto ETFs: Standard Chartered Hong Kong to launch crypto ETF trading in November
💰 Crypto Settlement: Russia proposes making crypto part of divorce settlements in new law
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $108,282 | -4.66% | +61.74% |
Ethereum | $3,835 | -6.49% | +47% |
Solana | $183 | -6.56% | +10.71% |
XRP | $2.39 | -4.97% | +351% |
S&P 500 | $6,698 | -0.54% | +14.13% |
Gold | $4,063 | -1.49% | +54.82% |
1. Russia to Legalize Crypto for Cross-Border Payments Amid Regulatory Overhaul
Crypto regulation: Russia plans to legalize cryptocurrency for cross-border payments, moving beyond its current experimental regime, with increased regulatory oversight by the Ministry of Finance and Central Bank.
🔎 Insider Insight: Russia’s legalization of crypto payments highlights its growing reliance on digital currencies to bypass international sanctions. This move signals a shift toward integrating crypto into its foreign trade framework while maintaining strict regulatory control.
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2. Standard Chartered to Launch Virtual Asset ETF Trading in Hong Kong This November
Crypto ETFs: Standard Chartered Hong Kong will launch a virtual asset ETF trading service in November, responding to growing demand from affluent clients, with 75% expressing interest in digital assets.
🔎 Insider Insight: Standard Chartered's move signals rising institutional support for digital assets in Hong Kong, aligning with the approval of Asia's first Solana spot ETF. This development strengthens Hong Kong's position as a growing hub for regulated digital asset investment.
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3. Russia Proposes Recognizing Crypto as Marital Property in Divorce Settlements
Crypto settlement: Russia has proposed legislation to recognize cryptocurrencies as marital property in divorce settlements, addressing gaps in legal protections as the country recorded $376.3 billion in crypto transactions over the past year.
🔎 Insider Insight: Russia’s move reflects its growing integration of crypto into legal and financial frameworks amid surging adoption and institutional use. By regulating crypto in divorce proceedings, lawmakers aim to tackle transparency issues and better align with the country’s expanding digital economy.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
