Switzerland approves first crypto assets fund

clock • 1 min read
Switzerland approves first crypto assets fund

The Swiss Financial Market Supervisory Authority FINMA has approved the first Swiss crypto assets fund, it said in a statement today (29 September). The Crypto Market Index Fund, which is restricted to qualified investors, invests primarily in assets based on the blockchain or distributed ledger technology. This is the first time FINMA has approved a Swiss fund that invests primarily in cryptoassets. It is an investment fund according to Swiss law belonging to the category "other fun...

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