Business
Australian regulators open to Bitcoin ETF with ‘rules in place’ – Cointelegraph
One regulator said that a Bitcoin ETF is possible, so long as there are appropriate rules in place in the market on which it is traded.
The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds.
According to a Feb. 12 report by the Australian Financial Review, the commission addressed the subject after previously rejecting a Bitcoin ETF initiative by local company Cosmos Capital.
Per the report, Cosmos CEO James Manning claimed that ASIC have a policy which they have not released which says they do not want an exchange traded product, an MIS, listed on an…
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