JrKripto - Everything about Crypto

NYSE Owner ICE Has Invested in the Cryptocurrency Exchange OKX

<p class="text-left mb-4 ">The lines between traditional finance and crypto markets are becoming increasingly blurred. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has made one of the most notable examples of this transformation by investing in the cryptocurrency exchange <a href="https://jrkripto.com/tr/exchanges/okx" target="_blank" rel="noreferrer" class="text-primary underline">OKX</a>. According to Fortune, the investment was made at a valuation of approximately $25 billion for OKX. While the financial details of the agreement were not disclosed, it was confirmed that ICE will obtain a seat on the OKX board of directors. This investment is not only a financial partnership; it is also seen as part of a broader strategy aimed at moving traditional securities to blockchain infrastructure. The parties' joint plan is to make tokenized versions of stocks and derivatives traded on the NYSE tradable through the OKX platform. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tokenization could be the new financial infrastructure</h2><p class="text-left mb-4 ">The concept of "tokenization," which is at the heart of the collaboration, is increasingly being discussed in the financial world. Tokenization means representing traditional financial assets, such as stocks, as digital tokens on blockchain networks. Proponents of this model state that it offers advantages such as reduced transaction costs and 24/7 global access to markets.</p><p class="text-left mb-4 ">According to the plans, OKX users will be able to buy and sell tokenized NYSE shares and derivatives directly through the platform. The project is targeted to be launched in the second half of 2026. Thus, the integration between cryptocurrency infrastructure and traditional financial markets can significantly accelerate.</p><p class="text-left mb-4 ">OKX's global managing partner, Haider Rafique, stated that the two institutions have achieved a strong alignment in their tokenization vision. According to Rafique, both the traditional finance and digital asset sectors will work more closely together on the same infrastructure in the future. Therefore, the partnership between the two companies is considered not only a technology sharing but also a strategic step towards the evolution of financial markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto data will be integrated into ICE infrastructure</h2><p class="text-left mb-4 ">Another important aspect of the agreement is data sharing. OKX will provide ICE with real-time price data of crypto assets traded on its platform. This data is expected to be used in ICE's data and analytics services. Thus, traditional financial institutions will be able to access more comprehensive and real-time information about crypto markets. On the other hand, OKX users will also be able to access ICE's US futures markets and tokenized NYSE assets. This represents a significant expansion for the OKX ecosystem, which has approximately 120 million users.</p><p class="text-left mb-4 ">ICE's crypto strategy is gaining momentum</p><p class="text-left mb-4 ">Intercontinental Exchange has been increasingly interested in the crypto sector in recent years. The company had previously announced that it was working on various projects to develop blockchain-based financial infrastructures. In announcements made in January, it was stated that ICE was developing its own blockchain-based transaction infrastructure for tokenized securities. In addition, the company attracted attention by announcing a $2 billion investment plan in the prediction market platform Polymarket by the end of 2025. This agreement brought Polymarket to a valuation of approximately $9 billion at that time.</p>

5 Mar 2026

Western Union in the Stablecoin World: Solana-Based USDPT is Coming

<p class="text-left mb-4 ">Global money transfer giant Western Union has taken one of its most concrete steps towards blockchain-based payment systems. The company is partnering with crypto infrastructure provider Crossmint to build a new infrastructure that will support the development of USDPT, a US dollar-pegged stablecoin operating on the Solana network. Scheduled for launch in the first half of 2026, USDPT aims to connect Western Union's traditional money transfer network with blockchain-based digital asset systems. According to Wednesday's announcement, Crossmint's wallet and payment APIs will be integrated into Western Union's existing financial infrastructure. This will allow fintech companies and developers to conduct money transfers via blockchain using the USDPT stablecoin and gain direct access to Western Union's global payment network. The newly established Digital Asset Network aims to integrate stablecoins with the company's existing payment infrastructure. In this model, users will be able to convert money from USDPT on the <a href="https://jrkripto.com/tr/coin/sol" target="_blank" rel="noreferrer" class="text-primary underline">Solana </a>blockchain to local currency via Western Union's global network. Recipients will then be able to withdraw cash from hundreds of thousands of locations worldwide. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Access to 360,000 Points of Sale</h2><p class="text-left mb-4 ">Western Union currently operates in over 200 countries and regions. The company's global network has over 360,000 cash payment points and supports more than 130 different currencies. Thanks to the new stablecoin infrastructure, digital dollars sent via blockchain can be easily converted to local currency through this physical network.</p><p class="text-left mb-4 ">The USDPT token will be issued on the Solana blockchain. The main reason for choosing Solana is the network's high transaction capacity and low-cost transfer structure. It was stated that the volume of stablecoins processed on the Solana network reached approximately $650 billion in February, indicating that the network is rapidly becoming a growing hub for stablecoin transfers.</p><p class="text-left mb-4 ">The token will be issued by Anchorage Digital Bank, a federally regulated bank in the US. Anchorage's participation in the project, which has a bank license from the US Office of the Comptroller of the Currency (OCC), provides the initiative with additional regulatory credibility.</p><p class="text-left mb-4 ">On the Crossmint side, the company offers a broad blockchain infrastructure for developers. The platform is currently used by over 40,000 customers and provides services such as smart wallets, cryptocurrency gateways, and multi-chain stablecoin management.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Stablecoins target the remittance market</h2><p class="text-left mb-4 ">The international remittance market, which is Western Union's main area of ​​activity, stands out as one of the areas that stablecoin projects focus on most. In traditional money transfer systems, transactions can often take several days. In addition, transfer fees can often reach several percent of the transaction amount, and transactions may not occur on weekends or holidays.</p><p class="text-left mb-4 ">According to World Bank data, global remittance flow reached approximately $905 billion in 2024. However, the average cost of a $200 international transfer is still around 6 percent.</p><p class="text-left mb-4 ">Stablecoins, on the other hand, allow the transfer of dollar-based value almost instantly and at very low cost over blockchain networks. Therefore, they are increasingly considered as an alternative payment infrastructure in cross-border payments.</p><p class="text-left mb-4 ">According to reports from the crypto analytics company Chainalysis, the use of stablecoins is rapidly increasing, especially in Latin America. More than half of crypto purchases made with Argentine pesos, Brazilian reals, and Colombian pesos consist of stablecoins. The main reason for this is the demand for dollar-denominated assets to counter high inflation and the devaluation of local currencies. Similarly, countries like Nigeria, Turkey, the Philippines, and Vietnam are among the markets where grassroots crypto adoption is strong. At a panel at the World Economic Forum, former United Nations Under-Secretary-General Vera Songwe stated that stablecoins are increasingly being used for remittances, especially in Africa, and that in some countries this money flow plays an even larger economic role than foreign aid.</p>

5 Mar 2026

SEC and CFTC Present New Documents Regarding Crypto

<p class="text-left mb-4 ">New steps have been taken in the US to clarify the legal framework for <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">cryptocurrency </a>markets. The US Securities and Exchange Commission (SEC) has prepared and submitted to the White House interpretive guidance on how crypto assets can be assessed under existing securities laws. At the same time, the US Commodity Futures Trading Commission (CFTC) also initiated a new regulatory process regarding prediction markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">SEC's Interpretive Guidance for Crypto Assets</h2><p class="text-left mb-4 ">The document prepared by the SEC and submitted to the White House is titled "Commission Commentary on the Application of Federal Securities Laws to Certain Types of Crypto Assets and Transactions Related to Those Assets." Submitted on March 3rd, this guidance is currently in the pre-regulatory review phase and undergoing interagency review. While the White House Office of Information and Regulatory Affairs (OIRA) has shared limited information about the interpretive guidance, according to Bloomberg, the work centers around a framework known as "token classification." This framework aims to determine under what conditions crypto assets will be considered securities and under what circumstances they may fall into a different category.</p><p class="text-left mb-4 ">Such a classification system could directly impact many critical issues, such as how crypto companies register with regulators, what disclosure obligations they must fulfill, and how they interact with investors. It also aims to provide clearer answers to the long-debated question in the sector: "Which assets fall under the SEC's jurisdiction?"</p><p class="text-left mb-4 ">It is accepted that such interpretive guidance prepared at the commission level has a stronger enforcement effect compared to opinions published by agency personnel. However, formal voting by commission members is generally not required for such documents.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Emphasis on regulation from the SEC Chairman</h2><p class="text-left mb-4 ">SEC Chairman Paul Atkins has listed digital asset regulations among the agency's priorities since the beginning of his term. In previous statements, Atkins stated that the ideal solution for crypto markets would be a comprehensive law to be prepared by Congress. However, he also stated that if the necessary regulation is not enacted, the SEC can take action within its own powers.</p><p class="text-left mb-4 ">A comprehensive "market structure" law for crypto markets was planned to be prepared in the US. However, this bill failed to make progress in the Senate during the year. One of the biggest obstacles to the bill was the disagreement between the banking sector and crypto companies, particularly regarding the return models offered by stablecoins.</p><p class="text-left mb-4 ">It is also known that the White House has recently been trying to resolve these differences by bringing together representatives from the banking and crypto sectors.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">CFTC Focuses on Prediction Markets</h2><p class="text-left mb-4 ">On the other hand, financial regulatory bodies in the US are also turning to new areas that are not limited to crypto assets. The CFTC has submitted a regulatory study on prediction markets to OIRA.</p><p class="text-left mb-4 ">This step also parallels the speech given by CFTC Chairman Michael Selig at the Future of Finance event organized by the Milken Institute. Selig announced that the institution will soon launch a comprehensive regulatory process for prediction markets.</p><p class="text-left mb-4 ">According to Selig, the CFTC aims to clearly define which products can be self-certified in the market and which should be subject to stricter scrutiny. The institution also plans to create standards on how different products offered in prediction markets will be evaluated. A significant reason for this regulatory initiative is the differences in interpretation at the federal and state levels. Prediction markets, which offer contracts based on events such as sporting events, are considered under gambling laws in some states. Platforms like Kalshi and Polymarket have therefore faced sanctions and legal proceedings in various states. The CFTC aims to reduce these uncertainties and bring clearer rules to the market with the new regulation. Selig stated that the agency will publish new guidance very soon and that the industry should closely follow these developments.</p>

5 Mar 2026

New Framework for Crypto in Turkiye: Transaction Tax Clarified, Access Blocked to 46 Platforms

<p class="text-left mb-4 ">Following days of debate in Türkiye regarding tax regulations for <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">cryptocurrency </a>transactions, a significant development has occurred. According to a statement by AK Party Deputy Chairman Ömer İleri, the 10% capital gains tax on cryptocurrency transactions will not be applied. Under the new regulation, only a transaction tax of 0.03% will be levied on transactions conducted on platforms subject to the supervision of the Capital Markets Board (SPK). This development significantly clarifies the uncertainties surrounding the tax model, which has been intensely debated, particularly among cryptocurrency investors. Previously leaked draft text envisioned both a transaction tax and a 10% withholding tax on capital gains. However, recent announcements reveal that this second tax has been excluded from the regulation.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Only transaction tax will be applied</h2><p class="text-left mb-4 ">In a statement made on social media platform X in the evening, Ömer İleri announced that the articles concerning cryptocurrencies in the bill discussed in the Grand National Assembly's Planning and Budget Committee had been accepted. According to İleri, a transaction tax of 0.03% will be levied on purchase, sale, and transfer transactions conducted on platforms subject to SPK regulation.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-03-05-111603-02cc326b.webp" alt="Ekran görüntüsü 2026-03-05 111603.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">İleri emphasized that the tax in question will be the final tax and that no additional tax will be applied. It was also stated that crypto transactions will be exempt from Value Added Tax (VAT).</p><p class="text-left mb-4 ">In this context, investors who conduct transactions through platforms operating in Türkiye and authorized by the Capital Markets Board (SPK) are expected to be subject only to transaction tax. Thus, no additional withholding tax or income tax will be deducted from investors' earnings.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Which platforms are subject to SPK?</h2><p class="text-left mb-4 ">One of the most frequently asked questions by investors after the new regulation was which platforms are subject to SPK supervision. This is because the tax regulation only covers transactions conducted through these platforms.</p><p class="text-left mb-4 ">According to the "List of Operators" on the SPK's official website, the platforms operating in Türkiye and subject to regulation include companies such as Binance TR, BtcTurk, Paribu, OKX TR, Bybit TR. The list covers a total of 58 different companies. The full list is as follows:</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-03-05-111427-9dadc085.webp" alt="Ekran görüntüsü 2026-03-05 111427.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-03-05-111813-46934d9b.webp" alt="Ekran görüntüsü 2026-03-05 111813.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The only tax that will be applied to investors in transactions carried out on these platforms will be a transaction tax of 0.003%. In other words, no additional tax will be deducted from the earnings.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Different application for foreign platforms</h2><p class="text-left mb-4 ">Another point that stands out within the scope of the regulation is the situation of cryptocurrency platforms based abroad. According to the explanations, transactions made on platforms that are not subject to the supervision of the Capital Markets Board (SPK) are outside this scope.</p><p class="text-left mb-4 ">Therefore, investors using platforms that are not officially registered in Türkiye, such as Binance Global, may need to declare their earnings with an annual income tax return. These incomes will be evaluated under the general income tax provisions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">SPK blocks access to unauthorized platforms</h2><p class="text-left mb-4 ">On the other hand, the Capital Markets Board continues to take steps to increase investor security. The institution announced that it has initiated the process of blocking access to 46 internet sites that were determined to be enabling investors residing in Türkiye to conduct leveraged trading and crypto asset trading without authorization over the internet. In accordance with the decision taken under Article 99 of the Capital Markets Law, legal proceedings have been initiated against the websites in question. The Board emphasized that inspections will continue against platforms operating without permission to prevent investors from suffering losses.</p>

5 Mar 2026

Morgan Stanley selected BNY and Coinbase for its Bitcoin ETF

<p class="text-left mb-4 ">US-based investment giant Morgan Stanley has taken a significant step towards a new Bitcoin-focused investment product. The company has submitted a prospectus detailing the structure of its proposed Morgan Stanley <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>Trust fund to the US Securities and Exchange Commission (SEC). The application, filed via Form S-1, contains important details about how the fund's Bitcoin assets will be held and how the ETF's operational structure will function. According to the application, Morgan Stanley's Bitcoin Trust fund plans to commission two major institutions for the custody of the digital assets. Specifically, Coinbase Custody and Bank of New York Mellon (BNY) will provide Bitcoin custody services for the fund. Both institutions will be responsible for securely storing the fund's Bitcoin holdings and performing the necessary transfer transactions when creating or redeeming fund shares. </p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hckeeyiw0aag5yd-68d61162.webp" alt="HCkeEyIW0AAG5YD.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Custody structure compliant with institutional standards</h2><p class="text-left mb-4 ">According to the information in the application, Morgan Stanley has structured the fund's custody infrastructure to match the security standards used by traditional financial institutions. In this context, the majority of the fund's Bitcoin holdings will be held in offline vaults known as cold storage. Cold storage significantly reduces the risk of cyberattacks by ensuring that private keys are completely isolated from internet connectivity. This aims to protect digital assets from online attacks. However, in situations such as the creation of fund shares or investors selling their shares back, a small portion of the Bitcoins may be temporarily transferred to transaction wallets to allow for necessary transactions.</p><p class="text-left mb-4 ">The document also states that insurance is included in the custody service. However, it is noted that this insurance policy is shared with other Coinbase Custody clients and may not cover all potential losses. This is a common practice in digital asset custody services.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BNY's role in the ETF is extensive</h2><p class="text-left mb-4 ">In Morgan Stanley's planned Bitcoin ETF structure, BNY Mellon will not only provide custody services. The bank will also undertake critical tasks in the fund's management operations.</p><p class="text-left mb-4 ">BNY will act as an administrator to manage and manage the fund's management and accounting processes. It will also maintain investor records and manage transactions related to fund shares in its role as a transfer agent. The bank will also act as a cash custodian, managing cash flows related to ETF transactions.</p><p class="text-left mb-4 ">This structure indicates that a system quite similar to the institutional operational model seen in traditional ETFs will be established.</p><p class="text-left mb-4 ">It is stated that Morgan Stanley Bitcoin Trust will be designed as a passive investment vehicle. This means that the fund aims to directly track Bitcoin price movements.</p><p class="text-left mb-4 ">The fund will not use derivatives or leveraged transactions to gain exposure to Bitcoin. Instead, it will hold Bitcoin in its portfolio by purchasing it directly. Thus, investors will be able to invest in the Bitcoin price indirectly through the ETF.</p><p class="text-left mb-4 ">The fund's daily net asset value (NAV) will be calculated using the CoinDesk Bitcoin Benchmark 4PM New York Settlement Rate as a reference. This index combines trading data from major spot cryptocurrency exchanges to determine a daily reference price for Bitcoin.</p>

4 Mar 2026

BTC, Altcoin

NYSE Owner ICE Has Invested in the Cryptocurrency Exchange OKXabout 8 hours ago

Blockchain

Western Union in the Stablecoin World: Solana-Based USDPT is Comingabout 10 hours ago

Regulation

SEC and CFTC Present New Documents Regarding Cryptoabout 11 hours ago

Regulation

New Framework for Crypto in Turkiye: Transaction Tax Clarified, Access Blocked to 46 Platformsabout 13 hours ago

BTC

Morgan Stanley selected BNY and Coinbase for its Bitcoin ETF1 day ago

BTC, Altcoin

NYSE Owner ICE Has Invested in the Cryptocurrency Exchange OKXabout 8 hours ago

Blockchain

Western Union in the Stablecoin World: Solana-Based USDPT is Comingabout 10 hours ago

Regulation

SEC and CFTC Present New Documents Regarding Cryptoabout 11 hours ago

Regulation

New Framework for Crypto in Turkiye: Transaction Tax Clarified, Access Blocked to 46 Platformsabout 13 hours ago

BTC

Morgan Stanley selected BNY and Coinbase for its Bitcoin ETF1 day ago

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