Daily Archives: 22/03/2021

Brazilian regulator approved the launch of the first Bitcoin ETF in Latin America

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the first Bitcoin exchange traded fund (ETF) in Latin America. The fund, called QBTC11, will be launched by QR Capital. The value of ETF units (shares) is calculated based on a basket of specific assets, following their market value. In the case of Bitcoin ETFs, the exchange-traded fund is tied to that cryptocurrency. Bitcoin ETFs are traded on traditional exchanges, allowing institutional investors…

BIS: “compatible government cryptocurrencies will improve the efficiency of international payments”

According to researchers at the Bank for International Settlements (BIS), compatible government cryptocurrencies will open up opportunities for countries to improve the system of cross-border payments. In a research note, BIS researchers Raphael Auer, Philipp Haene and Henry Holden presented potential cross-border payment mechanisms for several central bank digital currencies. The researchers say that the greatest efficiency will only be achieved if countries work together to remove banking barriers to a new, compatible form of…