Crypto investment firm 21Shares is calling on the European Securities and Markets Authority (ESMA) to establish clearer guidelines for including crypto assets in investment funds in Europe. The firm argues that the current regulatory inconsistencies across European countries create confusion for retail and institutional investors. Some countries, like Germany and Malta, allow funds to hold crypto, while others, like Luxembourg and Ireland, do not. 21Shares proposes that ESMA introduce consistent guidelines for indirect exposure to crypto in all EU member states in order to ensure investor protection and broaden access to crypto investments. ESMA is currently considering feedback from its consultation on the inclusion of new asset classes in investment funds, including crypto. The timeline for any regulatory changes remains uncertain.



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