21Shares calls on EU regulators to create a unified regulatory framework to include cryptocurrencies in investment products

By: blockbeats|2024/10/22 07:02:27

BlockBeats news, October 8, according to Cointelegraph, crypto exchange-traded products (ETP) issuer 21Shares called on EU regulators to establish a unified regulatory framework to include cryptocurrencies in investment products.

On October 7, 21Shares called on the European Securities and Markets Authority (ESMA) to adjust its regulations to include crypto assets in transferable securities collective investment plans (UCITS) funds for retail investors, such as exchange-traded products (ETPs) and exchange-traded funds (ETFs). 21Shares said that the current EU regulations on the inclusion of cryptocurrencies in such funds are inconsistent, and the regulations vary from country to country, causing confusion and inconsistency for investors.

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