Daily Archives: 14/01/2021

Gemini trust will support the launch of Bitcoin ETFs in Canada

Arxnovum Investments has applied to register a Bitcoin Exchange Traded Fund (ETF) in Canada. The Winklevoss brothers’ New York Gemini Trust will hold the fund’s assets. Arxnovum Investments has submitted an application to launch the Arxnovum Bitcoin ETF with the Ontario Securities Commission (OSC). The firm plans to list the financial instrument on the Toronto Stock Exchange (TSX) under the ticker “BIT.U.”. The statement to the regulator was sent by the CEO of Arxnovum Investments…

ECB President: “Bitcoin is a speculative asset and needs regulation”

European Central Bank (ECB) President Christine Lagarde called bitcoin “an overly speculative asset” that needs regulatory oversight. Lagarde announced this at the Reuters Next conference. According to Lagarde, bitcoin is being used to “conduct suspicious cases, illegal transactions and money laundering.” Therefore, the President of the ECB urged regulators to agree on rules for regulating cryptocurrencies at the international level as soon as possible. Lagarde is convinced that the leaders of the G7 (G7) and…