21Shares urges EU to change ‘inconsistent’ crypto ETP rules
The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations.
Crypto exchange-traded product (ETP) issuer 21Shares has pushed for European Union regulators to create a unified regulatory framework for the inclusion of crypto in investment products.
On Oct. 7, 21Shares urged the European Securities and Markets Authority (ESMA) to adjust its rule to include crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds designed for retail investors, such as ETPs and exchange-traded funds (ETFs).
Current EU regulations for including crypto in these types of funds are inconsistent and vary across countries, causing confusion and inconsistencies for investors, 21Shares claimed.
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Author: Martin Young
