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15.11 - 08:11
Australian Regulator Gives Thumbs Up to Bitcoin, Ethereum ETFs
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The Australian Securities and Investments Commission (ASIC) has released a set of guidelines for crypto-backed exchange-traded funds (ETFs) in Australia, which could mean Australians will be able to trade bitcoin (BTC) and ethereum (ETH) ETFs in the coming months.
The new guidelines from the Australian regulator mean that ETFs that hold cryptocurrencies or related assets, such as shares of crypto mining companies, will be allowed to go live on the local stock market.
Under the new guidelines, companies interested in bringing crypto ETFs to the market will be required to adhere to a set of best practice guidelines, with custody of the digital assets highlighted as a key element.
Further, the regulator expects firms bringing ETFs to the market
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