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ETF: The Future of Crypto Trading in the Stock Exchange

An Exchange Traded Fund (ETF) is a type of security that tracks various forms of assets that can be purchased or sold on a stock exchange, similar to a regular stock. As cryptocurrency gains more prominence in modern society, more cryptocurrency ETFs are being approved by countries; however, very few countries have approved of a Bitcoin ETF. Sweden, Canada, Germany, Switzerland, Germany, France, Netherlands, and Brazil are currently the only countries in the world that have passed Bitcoin ETFs to be traded on their exchanges. Other countries are interested in developing their platform to be able to trade many different types of cryptocurrencies while some are mainly focused on Bitcoin. 

A common problem between countries that want to trade cryptocurrency assets is the resistance from their respective security councils. The Phillipine Stock Exchange wants to become a platform for trading cryptocurrency assets but is waiting for approval from its Securities and Exchange...

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Unauthorized use: Binance’s dwindling international market

Binance is the largest cryptocurrency exchange in the world, having nearly 60% larger volume than their closest competition ZG.com (based on 24h volume in June). However, this could soon change as more countries are announcing that Binance doesn’t have authorization to conduct regulated activity. Most recently, the United Kingdom released a statement banning the use of Binance for regulated activity in the country. In addition, Japan recently announced for the second time that Binance isn’t registered to conduct business, yet Binance is still operating in the country. Binance has also made Ontario, Canada a restricted jurisdiction to avoid dealing with possible legal repercussions that many other cryptocurrency exchanges faced for violating province security laws. Binance is also based in the Cayman Islands, but recently, the Cayman Islands financial regulator announced “Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise...

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