As a seasoned researcher with years of experience navigating the complex landscape of financial regulations across different countries, I fully empathize with 21Shares’ call for clarity in the crypto investment space within Europe. The inconsistencies in regulations across various member states are indeed perplexing and can create unnecessary confusion for both retail and institutional investors.
21Shares is advocating that the European Securities and Markets Authority provide “essential clarity” for both retail and institutional cryptocurrency investors throughout Europe.
21Shares, a company specializing in cryptocurrency investments, is urging the European Securities and Markets Authority to set more definite rules about incorporating crypto assets into Undertakings for Collective Investment in Transferable Securities (UCITS) funds. This action aims to resolve inconsistencies in regulations related to cryptocurrencies across different European countries.
On October 7th, in a press announcement made on a Monday, the Swiss company based in Zurich stated that this action is intended to tackle discrepancies in regulations throughout Europe. These inconsistencies at present cause uncertainty for both individual and institutional investors.
In contrast, certain European nations, including Germany and Malta, allow UCITS funds to invest in cryptocurrencies, but countries like Luxembourg and Ireland do not. This disparity, the firm notes, leads to perplexity among investors, as it becomes challenging for them to grasp and evaluate their available investment choices.
Not having a unified strategy may result in inadequate safeguards for investors, since they might need to acquire assets via alternative methods that are frequently pricier and less proficiently handled.
21Shares
The company suggests that the European Securities and Markets Authority (ESMA) establish uniform rules for indirect investment in cryptocurrencies throughout the EU, stating that such guidelines would provide investors with “strong safeguards” and expand opportunities for investing in cryptocurrencies.
Under consideration by ESMA is how to incorporate new types of assets, such as cryptocurrencies, into UCITS funds following a recent consultation. As the financial community waits for ESMA’s subsequent moves, it’s still uncertain when any regulatory adjustments might be enacted.
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2024-10-07 11:37