Receipts Depositary is going to issue Bitcoin depository receipts
The startup Receipts Depositary Corporation (RDC) brings together a group of former executives from the banking corporation Citigroup (NYSE:C). The new investment instrument will be issued in the form of American depositary receipts, representing ownership of foreign assets that are not represented on the country's stock market.
The company assures that the launch of Bitcoin receipts (BTC DR) does not require approval from the US Securities and Exchange Commission (SEC) and will provide those who wish with full access to BTC-denominated securities through a regulated market infrastructure.
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