One subsidiary of the popular crypto exchange Coinsquare is in the crypto news lately – for launching two exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX), according to the reports from the local news agency The Globe And Mail.
The subsidiary is named Coin Capital Investment Management and is now the 30th ETF operator in Canada. With the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) as well as the Coincapital STOXX B.R.A.I.N. Index Fund (THNK).
The ETF trading initiated on Thursday, September 20th, with a management fee of 0.64% on the TSX, which is right now the 12th largest global stock exchange by its market capitalization.
Meanwhile, LDGR is a research-focused ETF that aims to provide investors with global equity securities of firms that invest in the development of blockchain technologies. The ETF is also based on the recently launched iSTOXX Yewno Developed Markets Blockchain Index which is an index that reflects a large volume of data to discover companies that focus on researching the distributed ledger technology.
The other ETF, named THNK, is focused on providing investments in global equity securities that are concentrated around four “megatrends” in technology – biotechnology, robotics, artificial intelligence as well as nanotechnology – all based on the iSTOXX Developed Markets B.R.A.I.N. Index.
The Toronto-based Coinsquare exchange was founded in 2014 and is now ranked 69th according to its daily trading volume. Coinsquare, on the other hand, is moving forward and has big plans for expansion, aiming to provide a “fully compliant platform” that would allow trading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dogecoin and Dash.
Crypto Exchanges In Bulgaria Are Investigated: Government Asks For 10% On Profits
Accounts Of The First Digital Bank In India Closed After Involving In Crypto-Related Activity
“I've been a user of DBS' Digibank for a year. Although I regularly used Kotak Mahindra Bank for my cryptocurrency transactions, I used Digibank only 7 times throughout the year. On January 14th, I received multiple messages from my twitter [sic] followers regarding an account closure notice by Digibank. I checked my mailbox and found the mail myself.”However, Digibank stated:
“Reserve Bank of India through their public notices have warned/advised the public regarding risks associated with virtual currencies. We reiterated the same vide our emails dated 4th May 2018 and 2nd Aug 2019, cautioning our account holders [against] the risks associated [...] and that DBS accounts and debit cards should not be used for their purchase or any kind of dealings.”Many other users responded to the allegations that not only Digibank but many other banks are doing the same as well.
BitMex Pulls The Plug On Trading Accounts In Quebec And The US
‘’The development comes at the same time as the Hong Kong-based company notifying users in North Korea, Iran, Syria, Cuba, Sudan and Sevastopol in the Crimea since the fourth quarter of 2018 against holding positions or trading on BitMEX, as these are restricted jurisdictions.’’It seems like BitMex only wants to cover its back and provide protection for their users against regulatory crackdowns. However, the exchange decided to pull the plug on the trading accounts after the Canadian regulatory body has announced the BitMex is operating illegally in Canada:
‘’BitMEX is not registered with the AMF and is therefore not authorized to have activities in the province of Quebec. We informed this company that its activities were illegal.’’There is still no explanation why the exchange decided to shut down the trading accounts in the US. Many believe that the exchange does so because of the same strict crypto regulations. We are still expecting a comment from BitMex since it seems like there is almost a billion dollars worth of crypto still on the platform.
The Revenue Agency Of Bulgaria Will Investigate Crypto-Selling Companies
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