WAO ART #393

The Blockchain Association of Kenya (BAK) has drafted a policy for regulating digital assets in Kenya. BAK submitted the Virtual Asset Service Provider (VASP) draft bill to the National Assembly, marking a significant milestone in Kenya's legislative history.

Grayscale proposes Bitcoin Mini Trust ETF to reduce fees. Aims to offer a more cost-effective option to the existing GBTC spot Bitcoin ETF. Funding for the new offering will come from reallocating shares from the GBTC ETF.

Thailand's SEC has allowed institutional investors and high-net-worth individuals to access spot Bitcoin ETFs. The reclassification of spot Bitcoin ETFs as securities opens up new investment opportunities for Thai securities firms. Asset management firms had been requesting authorization to invest in digital assets.

El Salvador's Bitcoin investment has earned $85 million in profits. BTC's record highs have boosted the country's BTC portfolio. The government has accumulated around 2,861 BTC at an average cost of $42,600. El Salvador's adoption of Bitcoin has faced criticism but President Bukele remains unfazed.

Bybit has launched the Bybit Card in Australia, allowing users to make everyday purchases using cryptocurrency balances held on the Bybit platform. The Bybit Card operates through Mastercard's global payments network and automatically converts supported crypto into fiat currency for transactions and ATM withdrawals.

European Parliament votes to strengthen sanctions enforcement, including crypto regulations. Legislation aims to enhance enforcement of sanctions violations, particularly in the crypto sector. Response to Russia's military action in Ukraine and concerns over breaches of EU financial sanctions.

Gnosis is releasing the Dencun upgrade on the Gnosis mainnet, coinciding with Ether's value above $4,000. The Dencun upgrade is expected to enhance Ethereum's scalability and security, sparking interest in Layer 2 tokens. Analysts believe the upgrade could lower fees on Ethereum Layer-2 networks by a factor of ten.