Blockchain ETF Began on the London Stock Exchange
Yesterday, Invesco, an investment management company, launched a blockchain exchange-traded fund (ETF) on the London Pedigree Exchange. For the effort, Invesco partnered with London-based Elwood Asset Management, an investment firm specializing in digital assets, to discharge the product called the “Invesco Elwood Global Blockchain UCITS ETF.” Elwood announced the news on Monday, saying the ETF is designed to end companies with the potential to generate “real earnings” from blockchain technology. Chris Mellor, head of ETF disinterest product management at Invesco, said:
“The potential for blockchain to drive real earnings is huge, but it is often hidden within retinues involved in other areas. This ETF offers investors access to companies with real earnings now, but with the totaled potential of blockchain-related earnings not reflected in their share prices.”
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Malta Appoints Cybersecurity Steady to Monitor Crypto Transactions
The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to balm with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that archaic through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism banking violations. Joseph Cuschieri, CEO of MFSA, was quoted as saying. He added:
“Being strongly aware of the money laundering and financing of terrorism chances associated with entities operating in this sphere, the decision has been taken to engage the services of Ciphertrace in purpose that to reduce fraud and detect transactions with illegal sources of funds.”
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Swissquote Bank to Add Crypto Custodial Air force
Swissquote, a provider of online financial and trading services from Switzerland, announced its yearly results for 2018 stand up Friday. The report included an update about an upcoming expansion of the bank’s crypto services. Starting March 21, it pass on be possible to transfer cryptocurrencies from external wallets to a Swissquote account and vice-versa. The company explained.
“Swissquote desire, therefore, become a secure and technologically fully integrated cryptocurrency trading platform and depositary for private and institutional customers alike”
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