What happened last night... Cryptocurrency morning news for June 20th

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Graphics = Reporter Park Hye-soo
Graphics = Reporter Park Hye-soo
1. Bank of America: “Young & Rich Americans have a clear preference for digital assets”
Bank of America (BoA), the largest bank in the United States, revealed in its own report published on the 19th that young, wealthy American investors prefer investing in digital assets (cryptocurrency) over traditional financial assets. Bank of America emphasized in a report on 'Changes in asset dynamics between generations and financial strategies based on wealth transfer' that "young investors are choosing to invest in digital assets because they cannot generate above-average returns by investing in stocks and bonds alone." .

2. U.S. Bitcoin spot ETF continues net outflow of funds for 4 consecutive days
As of the 18th (local time), the net outflow of funds from 11 Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States was calculated to be about $152.42 million (about KRW 210.7 billion), showing net outflow for four consecutive days. was recorded. According to data released by financial data platform Farside Small Value, among a total of 11 Bitcoin spot ETFs in the United States on the 18th, the ones that recorded extreme net outflow were Fidelity's FBTC and Grayscale's GBTC, about $83 million and $62 million, respectively. has passed away.

3. Japanese Nomura subsidiary acquires official exchange license from UAE Abu Dhabi Secretary
Razer Digital, a digital asset division subsidiary of Japan's Nomura Holdings, acquired an official exchange license in Abu Dhabi, United Arab Emirates (UAE) on the 19th. On the 19th, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) granted Radar Digital a license 'FSP', which permits trading relaying of traditional and digital assets.

4. Iran introduces CBDC experiment in ‘free trade zone’
The Central Bank of Iran (CBI) announced in an official statement on the 19th that it will conduct an official CBDC pilot experiment on Kish Island in southern Iran. CBI announced that it will begin practical use of CBDC issued by CBI on Kish Island, a free trade zone in Iran, from the 21st, and that the scope of use will apply to all financial payments that occur on Kish Island.

Reporter Seungwon Kwon ksw@

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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