In a press release issued on Dec. 10, Amun confirmed it had received approval for a base prospectus it filed with Sweden’s finance regulator, the Swedish Financial Supervisory Authority (SFSA).
Swiss cryptocurrency financial firm Amun AG has gained permission to offer its products to retail clients in the European Union.
Following regulatory approval, the firm can now market its various exchange-traded products (ETPs) to retail clients throughout the EU.
Amun praises supportive Swedish regulations
“We recognise that the regulatory framework in Sweden has been supportive of such initiatives and we welcome its deliberation”, Ophelia Snyder, president of Amun, commented in the press release. Snyder added that ETPs remain sought after throughout the 28-member bloc:
“The combination of strong demand for ETPs in Sweden – especially in crypto assets – among private investors and institutional clients and our strong expertise in these product categories create ideal conditions for Amun’s entry into the Swedish and European Union markets for ETPs.”
More crypto ETPs to come
As Cointelegraph reported, Amun has played a crucial role in the expansion of Switzerland’s own crypto offerings, both domestically and overseas.
Among them was an ETP dedicated to crypto exchange Binance’s in-house cryptocurrency, Binance Coin (BNB), which launched on the Swiss Stock Exchange, or SIX, in October.
Going forward, the company said it plans to only increase the number of ETPs on offer, stating that it is “committed to maintaining the highest standards of professionalism and looks forward to continuing a productive and collaborative relationship with new and existing partners in Sweden and the rest of the European Union.”
SIX listed a Tezos (XTZ)-based ETP with staking rewards last month. The staking feature allows users to “stake” – or deposit – their funds to help maintain the Tezos network and passively earn rewards.
Last week, SIX also launched a physically-backed Bitcoin ETP targeted at institutional investors. Swissquote bank will serve as a custodian for the product.
Bitcoin News Summary – August 5, 2019
America’s Internal Revenue Service published on its official site regarding the 10,000 notices it sent out to crypto exchange users. The names of these taxpayers were obtained through various ongoing IRS compliance efforts. The notices remind citizens of their tax obligation and threaten consequences for evasion.
Retail giant Walmart has applied for a cryptocurrency patent. In its application with the U.S. Patent and Trademark Office, Walmart touts the concept of a digital currency tied to a regular currency, commonly known as a stablecoin. The filing suggests that the proposed coin could help provide finance for those with limited access to banking services.
The US financial services regulator, the Securities and Exchange Commission, is contracting a company to run a Bitcoin node, a computer that holds a full updated copy of the blockchain and is connected to the Bitcoin network. The SEC is seeking for a solution to support its efforts to monitor risk and improve compliance with respect to digital assets.
The Austrian State Printing House, which makes identification documents and provides e-government services, has created its own physical cold wallet for the storage of crypto. The device, known as Chainlock is reportedly capable of generating the private key, and is also water and heat resistant.
And finally, in the Brazilian city of Fortaleza, citizens will be able to buy bus tickets with Bitcoin through a new mobile app.
