Bitcoin

Spot

The US signed a landmark decision for both BTC and the cryptocurrency market by approving spot Bitcoin ETFs in January of this year.
While Bitcoin ETFs are attracting great interest from investors, another country has opened its doors to Bitcoin ETFs.
Accordingly, Taiwan's top financial securities regulator, the Financial Supervisory Commission (FSC), said that professional investors can invest in products such as Bitcoin ETFs under certain supervision and rules.
In its latest announcement, Taiwan FSC stated that it has initiated consultations with the Securities Business Association of the Republic of China to review investment risks associated with foreign crypto ETFs.
The FSC said that following consultations, it recommended that professional investors reinvest in these high-risk ETFs through custodianship.
Initially, retail investors in Taiwan will not be able to gain exposure to Bitcoin ETFs. Only professional investors, including institutional investors, high-net-worth entities, and individual investors with significant asset portfolios and relevant investment experience, will be able to gain exposure to the ETFs.
The FSC also stated that securities firms in the country must first have board approval to gain exposure to Bitcoin ETFs, and announced that clients other than institutional investors will be required to sign a risk alert letter before purchasing crypto ETFs for the first time.
<blockquote>
 “Due to the complex nature of virtual assets and the violent price fluctuations, the investment risks of crypto ETFs are higher. Securities companies will only be allowed to provide services to professional investors in trading foreign virtual asset ETFs.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/another-country-opens-its-doors-to-bitcoin-citizens-can-now-invest-in-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">Another Country Opens Its Doors to Bitcoin! Citizens Can Now Invest in Spot Bitcoin ETFs!</a>

Another Country Opens Its Doors to Bitcoin! Citizens Can Now Invest in Spot Bitcoin ETFs!

Bitcoin Sistemi EN

Other articles published on Sep 30, 2024

Former Swan Bitcoin Employees Persuade Tether to Cut Ties and Collaborate with Them

Viction to Undergo Hard Fork on October 15, Doubling VIC Token Supply

Taiwan Grants Bitcoin ETF Access to Professionals

Will Sui Price Trigger Sell-Off After $112 Million Token Unlock?

Japan Set to Review Crypto Regulations: Potential Tax Cuts and Fund Investment Opportunities

FED’s Rate Cuts Set to Benefit Ethereum (ETH): Here’s Why!

Join our free newsletter for daily crypto updates!