Another Bitcoin ETP physically liquidated on the SIX exchange
US company WisdomTree Investments has launched a physically liquidated Bitcoin ETP on the Swiss SIX stock exchange. The asset management company is headquartered in New York, Europe and Canada.
The new ETP (Exchange Traded Products) has a 0.95% administration fee and was launched on the basis of the clients’ request.
“I have seen enough to believe that digital assets, such as Bitcoin, are not a passing trend and can play a role in portfolios,”
said Alexis Marinof, Europe’s head of WisdomTree.
Currently, SIX lists 19 crypto ETPs, issued by four separate companies. In addition to WisdomTree, Amun AG, XBT provider and Grayscale Investments have launched similar products on the Swiss stock exchange
Bithumb launches a customer identification system
The Korean Bithumb Exchange has developed an identity authentication system called “Value Network Doman Name System” or VDNS.
According to a Bithumb press release, VDNS will help exchanges comply with AML rules and simplify customer access:
“VDNS offers users the opportunity to issue proof of identity on the blockchain and a way to authenticate them. Each domain address on the platform will be assigned a domain name of the issuer, which does not include personal data. In this way, the request for transactional confidentiality stipulated by the FATF rules is satisfied ”,
is shown in the Bithumb press release.
Bithumb also pointed out that South Korean exchanges are required to ensure that users have real-name virtual bank accounts.
China’s anti-crypto measures, targeted only at certain exchanges
Recent reports by Chinese authorities of raids on crypto exchanges have raised fears that all platforms will have repercussions. But it turned out that the hostile attitude was oriented towards small-scale operations, largely unknown.
Huobi and OKEx continue their activity smoothly, while minor platforms such as MXC and Biki have been closed. Matthew Graham, CEO at Sino Global Capital, a highlighted that large organizations with well-developed systems are not in danger.
In addition, China is currently forming a government-backed body to organize selected companies interested in cryptocurrency-related services. According to Xinhua news agency, the blockchain-based service network will be a state-backed body. It will be made up of most large local companies.
Apparently, the Huobi exchange, which has an office in Hainan province, will be the largest exchange in this organization.
Authorities in Australia confiscate $ 1 million in crypto
Police in Australia have arrested two people accused of drug trafficking and seized $ 1 million in cryptocurrencies from them. Border police have identified a 27-year-old man and a 25-year-old woman trying to import MDMA tablets and powders hidden in a painting set for children.
In the investigation, authorities seized cryptocurrencies worth 1.5 million Australian dollars.
“Cryptocurrency seizure is considered to be the highest confiscated value of this kind by the Australian police force,”
said Paul Matthews, officer in charge of the drug and firearms team of the police force.
“The identification and freezing of over $ 1.5 million in cryptocurrencies under these conditions highlights the current digital environment in which law enforcement agencies must operate.”
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