Thursday, February 2, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Ethereum

Bitcoin and Ethereum Exchange-Traded Products Could Be Coming to Australia, According to New Report

by Crypto News
November 1, 2021
in Ethereum
0
Bitcoin and Ethereum Exchange-Traded Products Could Be Coming to Australia, According to New Report
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The Australian Securities and Investments Fee (ASIC) says that the nation may quickly approve exchange-traded merchandise (ETPs) for qualifying cryptocurrencies.

A brand new report by ASIC reveals that client suggestions obtained after a four-week session interval was overwhelmingly optimistic for crypto ETPs.

 

“There was near-unanimous help for ETPs and different funding merchandise that present publicity to crypto-assets being facilitated throughout the regulatory framework administered by ASIC…

We acknowledge the curiosity in, and demand for, ETPs and different funding merchandise that maintain crypto-assets in Australia. Nonetheless, we’re additionally conscious of the true danger of hurt to shoppers and markets if these merchandise will not be developed and operated correctly.”

In response to ASIC, a cryptocurrency would qualify for an ETP provided that it meets the next standards:

  • excessive degree of institutional help and acceptance for funding functions
  • presence of service suppliers corresponding to custodians, fund directors, index suppliers and market makers keen to help and spend money on the ETPs uncovered to the underlying crypto asset
  • a mature spot market
  • existence of a regulated futures market linked to the crypto asset,
  • the supply of clear pricing mechanisms.

ASIC believes that solely two cryptocurrencies at the moment available on the market have a shot at assembly these necessities.

“We additionally acknowledged that, in our view, the one crypto-assets which are prone to fulfill these elements at this cut-off date are Bitcoin and Ether.”

Australia’s prime regulator provides that funds trying to launch Bitcoin or Ethereum ETPs should have a accountable entity who will “guarantee crypto-assets are held in secure and safe custody.”

Eligible funds are additionally anticipated to hold out the buying and selling of crypto belongings on platforms which are topic to know-your-customer (KYC) and anti-money laundering and counter-terrorism financing (AML/CTF) obligations.

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Observe us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix
 

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you could incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

Featured Picture: Shutterstock/Fotoluminate LLC

Related articles

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

November 28, 2022
Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

November 28, 2022





Source link

Share76Tweet47

Related Posts

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

by Crypto News
November 28, 2022
0

Ethereum is down $44.10 immediately or 3.63% to $1172.11 --Snaps a six day successful streak --Down 25.17% month-to-date; On...

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

by Crypto News
November 28, 2022
0

Ethereum’s burning charge was greater than minting actions, leading to a very good provide charge Staking actions had been...

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

by Crypto News
November 28, 2022
0

Ethereum (ETH -3.67%) could also be down 69% for the 12 months, however its rivals are getting crushed even...

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

by Crypto News
November 28, 2022
0

The crypto market has been crashing since October 2021. A yr has handed and crypto costs are nonetheless on...

Daily Brief Financials: Ethereum and more – Smartkarma

Daily Brief Financials: Ethereum and more – Smartkarma

by Crypto News
November 28, 2022
0

Daily Brief Financials: Ethereum and more  Smartkarma Source link

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023
SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

February 2, 2023
Cryptocurrency explained | Crypto for beginners | Crypto coins 2021

Cryptocurrency explained | Crypto for beginners | Crypto coins 2021

February 2, 2023
Cardano Update – Wird Cardano unterdrückt? | cNFT Con | NEWM etc…

Cardano Update – Wird Cardano unterdrückt? | cNFT Con | NEWM etc…

February 2, 2023

Recent News

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023
SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

February 2, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News