IRS Updates Cryptocurrency Exchange-Traded Product Guidelines

**ZEDXION Exchange Daily Update** ZEDXION cryptocurrency exchange processed **$1.76 billion** in trading volume over the past 24 hours. **Top Performer:** - **DOSE/USDT** led gains with a remarkable **230.61%** increase - This marks DOSE's second major surge this year, following a 56% gain in July **Recent Volume Trends:** - Current volume up from yesterday's $1.55B - Down from November 18's peak of $2.20B - Exchange maintains consistent billion-dollar daily volumes **Notable Context:** ZEDXION continues to demonstrate strong trading activity with over 80 cryptocurrency pairs available for trading. Visit [ZEDXION](http://zedxion.io) for more details.

**Mastercard** has partnered with **Polygon** to transform complex crypto wallet addresses into simple, user-friendly usernames. This collaboration aims to make cryptocurrency transactions more accessible by replacing long alphanumeric wallet addresses with easy-to-remember usernames. **Key benefits:** - Simplified crypto transactions for mainstream users - Reduced errors in wallet address entry - Enhanced user experience for crypto payments The partnership leverages Polygon's blockchain infrastructure to enable this address simplification system, potentially accelerating crypto adoption among traditional payment users. This move represents Mastercard's continued push into the cryptocurrency space, making digital assets more user-friendly for everyday consumers.

International Bank AMINA has secured a crucial regulatory license in Hong Kong, enabling the institution to offer cryptocurrency trading and custody services. This development marks another step in Hong Kong's efforts to establish itself as a crypto-friendly jurisdiction for institutional players. **Key Points:** - AMINA can now provide crypto trading services to clients - The bank is authorized to offer custody solutions for digital assets - Hong Kong continues expanding its regulatory framework for crypto businesses The license approval follows similar moves by other traditional financial institutions entering the crypto space, including U.S. Bank's recent resumption of custody services for institutional clients. This regulatory milestone positions AMINA to serve institutional demand for compliant crypto services in the Asian market.

**Major institutional adoption accelerates** as traditional finance embraces digital assets: - **Bank of New York Mellon** launches specialized money market fund targeting stablecoin issuers - **Kyrgyzstan** plans $50 million national stablecoin launch - **UAE** completes first nationwide digital dirham transaction **Regulatory clarity improves** across key markets: - **IRS** updates guidance for cryptocurrency ETPs - **Brazil's Central Bank** unveils comprehensive crypto regulatory framework These developments signal growing institutional confidence in digital assets, with major banks creating infrastructure for stablecoin operations while governments establish clearer regulatory frameworks. The UAE's successful digital currency transaction demonstrates practical implementation of central bank digital currencies at scale.

**Fidelity International** has received approval to offer its Bitcoin ETF to retail investors in the UK, marking a significant milestone for cryptocurrency access in the region. This development follows the UK Financial Regulator's decision in August to lift the ban on crypto exchange-traded notes for retail investors, opening the door for broader cryptocurrency investment products. **Key implications:** - UK retail investors can now access Bitcoin exposure through a regulated ETF structure - Represents growing institutional acceptance of cryptocurrency investments - Aligns with global trend of Bitcoin ETF approvals The approval demonstrates the UK's evolving regulatory stance toward digital assets, providing retail investors with a traditional investment vehicle to gain Bitcoin exposure without directly holding the cryptocurrency.