Here’s Why UK Investment Association Wants Blockchain Traded Fund Established
As per the reports, The ‘Investment Association’ of the UK has urged the government and banking regulatory authorities to authorise blockchain-traded funds (BTF). BTF uses digital tokens instead of traditional shares. On June 7, 2022, the association published a 32-page brochure named “Investing for The Future” on its official website. The UK government has eased certain regulations for Cryptocurrency this year. Keeping this in mind, the trade group wants the government to create a new class of funds that use blockchain technology which will substitute traditional shares. There will be the formation of a task group which will investigate how the distributed ledger technology will aid the development of new goods and services. Buy Bitcoin Now Your capital is at risk. What is BTF? A blockchain traded fund (BTF) comprising of Bitcoin or assets linked to the price of various cryptos is known as a Bitcoin ETF or BTF. Instead of a cryptocurrency exch...