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Grayscale Donating up to $2M to Crypto Advocacy Group Coin Center
A web page has been set up for the donation matching campaign that runs through February.
Updated May 9, 2023, 3:15 a.m. Published Jan 25, 2021, 2:48 p.m.
Grayscale Investments announced Monday it is making a major donation to support the non-profit Coin Center’s policy advocacy mission.
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- The digital asset manager is donating $1 million to Coin Center and has pledged to match further donations of up to $1 million till the end of February.
- In 2018, crypto exchange Kraken donated $1 million to Coin Center and now Grayscale is taking up the torch by making a similar pledge.
- Coin Center aims to educate policymakers on cryptocurrencies to ensure that the U.S. government's approach is based on a good understanding of the technology.
- “While it is the responsibility of blockchain and digital currency firms to support good policy-making in [Washington], D.C. to drive this industry forward, it is in the interest of all users, developers, investors, and other market participants that regulators are properly informed about developments in this space," said Michael Sonnenshein, CEO of Grayscale Investments.
- A web page has been set up for the donation matching campaign that runs through February.
- Grayscale is a subsidiary of Digital Currency Group, CoinDesk's parent company.
Read more: Grayscale’s Crypto Products Raised Over $3B Last Quarter, the Most Ever
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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