As a seasoned crypto investor with a European background, I’m thrilled to see the European Securities and Markets Authority (ESMA) taking steps towards integrating cryptocurrencies into UCITS investment funds. This potential access to Europe’s massive €12 trillion investment market could be a game-changer for the crypto industry.
The European Securities and Markets Authority (ESMA) is soliciting views from industry professionals regarding the potential inclusion of crypto assets in UCITS investment funds. This move could open up Europe’s €12 trillion investment market to cryptocurrencies. Interested parties can submit their comments by August 7.
The suggestion in the proposal is for multiple funds to consider investing a minimal amount of 1-2% in cryptocurrencies instead of establishing a fund solely dedicated to crypto. This marks a significant shift, as EU laws currently prohibit specialized crypto investment vehicles, compelling investors to rely on exchange-traded notes for gaining crypto exposure.
As a researcher studying the financial sector, I’ve noticed an uptick in scrutiny from regulatory bodies like ESMA regarding cryptocurrencies. This heightened interest comes as crypto increasingly permeates mainstream financial offerings, such as the recent approval of Bitcoin ETFs in the United States and Hong Kong.
The European Union is diligently drafting the Markets in Crypto Assets Regulation (MiCA), a significant regulatory framework for cryptocurrencies, focusing on safeguarding consumers.
As a researcher studying the European Union’s regulatory landscape, I can share that our ongoing efforts aim to adapt the regulatory framework to the increasing impact of digital assets on global finance.
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2024-05-09 16:43