Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Re...
South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that while Sygnia was not expecting “an immediate acceptance of the bitcoin ETF”, company executives still did not anticipate such “a quick rejection.” Instead, in her reaction to the JSE’s....
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Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that the bourse was “not ready to approve cryptocurrency listings.” However, according to a report which quotes the company’s CEO, David Hufton, Sygnia plans to re-apply for an ETF using the same design structure from 2017. In remarks, Hufton....
The number of Financial Market Infrastructures (FMIs) which are investigating and deploying Blockchain increases, concludes a new poll by the World Federation of Exchanges (WFE). The report is based on responses from 24 FMIs, which are a combination of exchanges, central counterparties and central securities depositories. They include the Group Deutsche Börse, Japan Exchange Group, Moscow Exchange Group, Nasdaq and the National Stock Exchange of India. Others are SIX Swiss Exchange, China Financial Future Exchange, Hong Kong Exchanges & Clearing Co. Ltd, Johannesburg Stock Exchange,....
The New York Stock Exchange (NYSE) has registered a trademark application to offer digital currency and NFT trading services in the metaverse. The application, filed on February 10th, constitutes the first foray of the company into the concept of the metaverse. The organization might be competing with other exchanges and established NFT marketplaces in the future.
NYSE Takes Metaverse Seriously
The New York Stock Exchange (NYSE) is one of the first bourses in the world seeking to anticipate the rise of virtual worlds and the business opportunities associated with them. The....
The Bombay Stock Exchange (BSE) in India has reportedly rejected the public listing of Jetking Infotrain, an IT training company, on the grounds of intended capital use for crypto investment. This decision comes amid a flurry of digital asset treasury companies worldwide. Related Reading: Celebrity Downfall: South Korean Actress Sentenced For $3-M Crypto Scam Crypto […]
The commission released a disapproval letter citing investor protection concerns and the lack of manipulation prevention in the market.