The Investment Association of the UK is pushing financial regulators to approve blockchain-traded funds.
The Association has published a 32-page brochure titled, ‘Investing For The Future’ on their website.
The UK government recently exhibited some flexibility in its cryptocurrency ruling.
The Investment Association, an asset management industry in the United Kingdom, has called on the government and financial regulators to approve blockchain-traded funds (BTF) with digital tokens substituting traditional shares.
Subsequently, they made this push via a 32-page brochure entitled “Investing For The Future,” published on their official website on June 7, 2022.
In detail, the trade body wants the government to establish a new class of funds employing blockchain technology. A new task force will be established examining how distributed ledger technology speeds up the creation of new products and services.
Furthermore, they believe there are possible significant cost savings for end...
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