Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies
Spain’s financial regulator has clarified its place on regulated funding funds investing instantly in cryptocurrencies. These form of funds are licensed beneath Laws 22/2014, and investments could also be made by the use of three sorts of licensed entities.
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Funds Directly Investing in Cryptocurrencies
Spain’s Nationwide Securities Market Charge (CNMV – Comisión Nacional del Mercado de Valores) simply these days clarified its place on registered funds investing in cryptocurrencies instantly. The CNMV is the Spanish authorities firm answerable for regulating the securities markets.
In a Questions and Options doc addressed to fintech companies on actions and corporations which will have a relationship with the Charge, considered one of many questions was “Can a fund registered by the CNMV instantly make investments in cryptocurrencies?” The Charge replied:
Such a funds would have a licensed place in Laws 22/2014,…