Read

Chainlink

Collective

21Shares has urged the European Securities and Markets Authority to create a “much-needed clarity” for retail and institutional crypto investors across Europe. 
Crypto investment firm 21Shares is pressing the European Securities and Markets Authority to establish clearer guidelines for including crypto assets in Undertakings for Collective Investment in Transferable Securities funds, addressing regulatory inconsistencies across <a href="https://crypto.news/tag/europe/" target="_blank">Europe</a>. 
In a Monday <a href="https://www.globenewswire.com/news-release/2024/10/07/2958645/0/en/21Shares-one-of-the-world-s-largest-issuers-of-crypto-exchange-traded-products-ETPs-calls-for-regulatory-clarity-to-unlock-crypto-opportunities-for-European-investors.html" target="_blank" rel="nofollow">press release</a>, on Oct. 7, the Zurich-headquartered firm said that the move aims to address regulatory inconsistencies across Europe, which currently lead to confusion for both retail and institutional investors. 
While some European countries, such as Germany and Malta, permit UCITS funds to hold crypto, others like Luxembourg and Ireland do not, the firm says, adding that such a fragmented approach creates “confusion, making it difficult for investors to understand and compare their options.” 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “The lack of a common approach can lead to gaps in investor protection, as investors have to access the asset through other means, often more expensive and less professionally managed.” 
 21Shares 
</blockquote> 
 You might also like: <a rel="" href="https://crypto.news/21shares-taps-standard-chartered-backed-zodia-custody-to-hold-crypto/"> 21Shares taps Standard Chartered-backed Zodia Custody to hold crypto </a> 
The firm has proposed that ESMA introduce clear, consistent guidelines for indirect exposure to crypto across all EU member states, arguing that this would help ensure a “high level of protection for investors,” while enabling broader access to crypto investments. 
The proposal comes as ESMA considers feedback from its recent consultation on the inclusion of new asset classes, including crypto, in UCITS funds. While market participants are watching for ESMA’s next steps, the timeline for any potential regulatory changes remains unclear. 
 Read more: <a rel="" href="https://crypto.news/21shares-taps-chainlink-for-proof-of-reserve-of-its-ethereum-etf/"> 21Shares taps Chainlink for proof of reserve of its Ethereum ETF </a>

Crypto ETP giant 21Shares urges European regulator to bring regulatory clarity

crypto.news

Other articles published on Oct 7, 2024

National Bank of Bahrain (NBB) Unveils Bitcoin Investment Fund

5 Best Cheap Cryptos to Invest Now Under 1 Dollar October 6 – Starknet, Pepe, Sei, Shiba Inu

Elon Musk’s Viral Meme Hints at DOGE Price Surge

BRICS Nations Consider XRP and XLM to Build a New Payment System

Bitcoin Faces Pressure as Long-Term Holders Reduce Exposure

Is Satoshi Nakamoto About to Be Exposed? HBO Documentary Claims to Reveal Bitcoin Creator’s Identity

Join our free newsletter for daily crypto updates!