EU’s first regulated bitcoin product begins trading

Q.  EU’s first regulated bitcoin product began trading in which bourse(s)?
- Published on 26 Jul 16

a. London Stock Exchange
b. Gibraltar Stock Exchange
c. Deutsche Böerse
d. Only b and c
e. All the above

ANSWER: Only b and c
 
EU’s first regulated bitcoin product, an asset backed exchange traded instrument is set to invest exclusively in the digital currency and begin trading this week on Gibraltar Stock Exchange and Germany’s Deutsche Boerse.
  • Web based currency can be used to send cash instantly across the world, free of charge with no requirement for third party checks.
  • It is accepted by major online retailers and used in 200,000 daily transactions.
  • It has a highly volatile value peaking at more than USD 1200 in late 2013 before crashing after the collapse of the Mt. Gox bitcoin exchange.
  • Bitcoin ETI will be traded through regulated brokerages across Europe and settlement will be handled through Euroclear and Clearstream rather than shared ledger system blockchain.

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