Dubai Financial Services Approves List of Canadian Private Investment Funds TheBitcoinFund

2021-10-27 19:07
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On October 27, the Bitcoin Fund (QBTCu.TO), a Canadian closed-end fund, was approved by the Dubai Financial Services Authority (DFSA) and may be listed on Nasdaq Dubai for up to $ 200 million. goods. The product was made public on NASDAQ on June 23, 2021, making the Middle East the number one digital property. The goal is to provide currency investors with an impact on Bitcoin, the daily changes in the value of the Bitcoin dollar, and long-term interest rates. (Co-manager)

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Indian Ministry of Finance official: The regulatory framework for cryptocurrencies will be introduced in February next year and will not completely restrict cryptocurrencies.
On October 27, the Indian Cryptocurrency Investment Regulation and Governance Act will be released in February of next year. An official from India's finance ministry said there was a possibility that cryptocurrency legalization could be unveiled ahead of a new general financial announcement. The application process can be changed from the previous view to ban all cryptocurrencies. In return, the Indian government can regulate cryptocurrencies according to a category of "assets" such as certain commodities and establish appropriate taxes on trade and income. Another official added that staff at the Indian Ministry of Finance and the Reserve Bank of India (RBI) were still developing the necessary strategies and policies. (Business today)
2021-10-27 18:47