First cryptocurrency fund approved in Switzerland

Cointelegraph

Published Sep 29, 2021 03:57AM ET

Updated Sep 30, 2021 06:00AM ET

Cryptocurrency adoption continues gaining momentum in Switzerland as local financial authorities grant more regulatory approvals for crypto investment instruments.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the Crypto Market Index Fund as the “first crypto fund according to Swiss law,” the authority officially announced on Wednesday.

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