Australian securities regulator issues guidelines for crypto ETPs

Australia Adoption ETF Government Bitcoin guidelines ETPs

29.10.2021 - 12:21

Reading now: 345

cointelegraph.com:

The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance.

On Oct. 29, the regulator released a set of regulatory requirements for funds looking to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products, following months of industry consultation initiated in late June.

According to the official guidance, ASIC has so far greenlighted ETPs based on major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and expects more crypto assets to become a foundation for ETPs in the future:

In order to become a proper basis for a crypto ETF, crypto assets should obtain a high level of institutional

Read more on cointelegraph.com

All news from cointelegraph.com

About this in other media

'Sinister' debanking of crypto traders is often anti-competitive says Senator Bragg cointelegraph.com /2 years ago

Mastercard Partners with 3 Firms to Launch First Crypto-Linked Payment Cards in Asia Pacific blockchain.news /2 years ago

BREAKING: Mastercard launches crypto-linked cards across Asia-Pacific cointelegraph.com /2 years ago

The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.