{"id":130656,"date":"2021-06-30T09:02:06","date_gmt":"2021-06-30T09:02:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130656"},"modified":"2021-06-30T09:02:06","modified_gmt":"2021-06-30T09:02:06","slug":"asic-seeks-public-feedback-on-crypto-etps","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/asic-seeks-public-feedback-on-crypto-etps\/","title":{"rendered":"ASIC Seeks Public Feedback on Crypto ETPs"},"content":{"rendered":"

As the demand for crypto-based exchange-traded products (ETPs) is increasing, the Australian financial markets watchdog is seeking public feedback on such retail investment instruments.<\/span><\/p>\n

The Australian Securities and Investments Commission (ASIC) released a consultation paper on Wednesday that covers \u2018crypto-assets as underlying assets for ETPs and other investment products’. The regulator thinks these products have unique features and risks that need to be recognized by market operators and product issuers.<\/span><\/p>\n

Bank Account Alternative. Business Account IBAN.<\/strong><\/p>\n

The key areas where the consultation paper needs feedback are on identifying crypto-assets that are appropriate underlying assets and establishing good practice in respect of pricing, custody, risk management and disclosure.<\/span><\/p>\n

\u201cThe proposals set out good practices for market operators and product issuers regarding crypto-asset ETPs and other investment vehicles that provide retail investors with exposure to crypto-assets,\u201d ASIC Commissioner Cathie Armour said in a statement.<\/span><\/p>\n

The Aussie regulator will continue to accept feedback until July 27 and then issue a feedback report. In addition, it is planning to publish \u2018final information\u2019 on good market practices.<\/span><\/p>\n

\u201cMarket operators and product issuers need to be mindful of meeting their existing regulatory obligations when creating, operating and allowing such products, so they can be facilitated in a way that maintains investor protections and Australia\u2019s fair, orderly and transparent markets,\u201d Armour added.<\/span><\/p>\n

Push for Crypto Investment Products<\/span><\/h2>\n

While Australia is still in the consultation stage for approving crypto ETPs, these products have boomed in other jurisdictions, especially Europe. Several European stock exchanges have listed crypto-linked ETPs, and these products are gaining a lot of popularity as well.<\/span><\/p>\n

However, one of the major targets for the crypto industry to gain approval for a Bitcoin exchange-traded fund (ETF) in the United States, which still seems to be nowhere near its goal even after years of push.<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the demand for crypto-based exchange-traded products<\/p>\n","protected":false},"author":3,"featured_media":130655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nASIC Seeks Public Feedback on Crypto ETPs - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/asic-seeks-public-feedback-on-crypto-etps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASIC Seeks Public Feedback on Crypto ETPs - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"As the demand for crypto-based exchange-traded products\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/asic-seeks-public-feedback-on-crypto-etps\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T09:02:06+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/ASIC-Seeks-Public-Feedback-on-Crypto-ETPs.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/asic-seeks-public-feedback-on-crypto-etps\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/asic-seeks-public-feedback-on-crypto-etps\/\",\"name\":\"ASIC Seeks Public Feedback on Crypto ETPs - 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