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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
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Nauru will establish a virtual asset management bureau, striving to become the Crypto Assets center of the Pacific region.
On June 19, financefeeds reported that the Republic of Nauru had passed legislation to establish a body dedicated to regulating digital assets, an important step in embracing Web3 and virtual finance in the Pacific region. The new agency, called the Command Ridge Virtual Asset Management Authority (CRVAA), will oversee virtual asset service providers and help the island nation become a hub for digital asset activity. CRVAA will act as an autonomous body that will manage licensing, supervision, and compliance matters related to digital banks, token offerings, crypto exchanges, wallets, and decentralized finance platforms. Note: Command Ridge is the name of Nauru's highest peak and a geographical indication for the island nation.