Dutch EFT Going Crypto Despite Warnings
Main page News, European Union, Cryptocurrency
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6 July

The largest exchange-traded fund (ETF) in Europe began to work with cryptocurrencies.

The Flow Traders NV was the first company to offer the opportunity to purchase and sell cryptocurrencies traded on regulated stock exchanges, the company's CEO Dennis Dijkstra stated. In an interview with Bloomberg, he said that the digital money market is very important and that governments will start regulating it in the near future.

“The market participants are much more professional than people think. Institutional investors are interested — we know they are because we get requests,” he added.

The company from the Netherlands has a positive attitude towards digital money and sees some prospects for further development. However, this position is not shared by the local financial regulator. The Dutch Authority for the Financial Markets (AFM) does not approve of actions with cryptocurrencies both from consumers and holders of professional licenses.

A spokeswoman for the department, Nienke Torensma, said that the anonymity and novelty of digital money leads to various criminal acts. She is sure that cryptocurrencies are not able to perform the function of money.

By Ekaterina Ulyanova

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