Unlike in the U.S., in Australia, firms require the approval of the regulator, the Australian Securities & Investments Commission (ASIC), and then the exchange listing the product. In May, ASIC told CoinDesk via an email that DigitalX Ltd., VanEck and BetaShares either had “the relevant licence themselves or are working with another firm that has the requisite licence.”
Related posts
-
The Paradox of the Bitcoin Maximalist
However, dystopia is not an inevitable outcome. The onus to act, with purpose, still lies with... -
Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply
From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing... -
Bitcoin ETFs See $365M Inflows as Ether Funds Slip
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a...