#Meme币你看好哪一个？ #Binance #BTC Good news: The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs
The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs
The European Securities and Markets Authority (ESMA) is consulting the industry and experts on whether crypto assets should be included in investment products. This move is expected to open up a wider market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of application of UCITS (EU Transferable Securities Collective Investment Plan), and the UCITS market size is as high as 12 trillion euros. If this move is implemented, it will be a key step in the mainstreaming of crypto assets in Europe. The consultation deadline for ESMA is August 7, and whether it will be approved remains to be seen. DLA Piper lawyer Andrea Pantaleo said that the impact of this move will far exceed that of US ETFs, because many fund departments may invest part of their liquidity in crypto assets.
The market expects Hong Kong to promote virtual asset trading
According to Pang Baolin, a licensed person of the Hong Kong Securities and Futures Commission, Hong Kong is not only an international financial center, but also one of the national financial centers. It has always attached great importance to and tried its best to support the local financial system, hoping to assist the financial and economic development of the mainland at the same time, and digitalization is one of the important links. The market expects Hong Kong to promote virtual asset trading, physical tokenization (STO) and other interoperability. It is reported that the Hong Kong Monetary Authority has studied tokenized deposits through the sandbox. The interbank settlement and settlement of matters such as payment will be conducted for the future digitalization of Hong Kong dollars and stablecoins, and fully prepared for the innovation of financial market infrastructure and future digitalization.
The administrative agency of the Taiwan region passed the new four anti-fraud laws to bring currency traders under control
On May 9, the administrative agency of the Taiwan region of China passed the new four anti-fraud laws today, bringing currency traders under control. In the future, businesses or personnel providing virtual asset services and third-party payment services must complete money laundering prevention and service capacity registration or login, otherwise they will be sentenced to a maximum of 2 years in prison or a fine of less than NT$5 million. Businesses or individuals outside Taiwan that provide virtual asset services or third-party payment services and have not registered their company or branch in accordance with the Company Act and have not completed money laundering prevention and service capacity registration or registration
