Cryptocurrency Q&A
Will Citigroup offer bitcoin-backed securities without SEC approval?
Will Citigroup offer bitcoin-backed securities without SEC approval?
Bianca
Sun Sep 08 2024
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7 answers
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Could you elaborate on the possibility of Citigroup offering bitcoin-backed securities without the necessary approval from the Securities and Exchange Commission (SEC)? It's a highly regulated industry, and it's crucial to understand the legal implications and potential risks involved in such a move. Additionally, how would such a product fit into the company's overall strategy, and what kind of market demand or interest has been observed that might justify such a decision?
7 answers
ShintoBlessed
Tue Sep 10 2024
A pioneering initiative is underway by a cohort of ex-Citigroup leaders, who envision a groundbreaking financial product.
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Lorenzo
Mon Sep 09 2024
Their objective is to introduce bitcoin-backed securities, a move that challenges conventional regulatory frameworks.
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DaeguDivaDanceQueenElegantStride
Mon Sep 09 2024
ADRs are known for facilitating the trading of foreign stocks on U.S. equity exchanges, providing investors with seamless access to international markets.
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Giulia
Mon Sep 09 2024
These securities, according to the team, do not necessitate the green light from the esteemed U.S. Securities and Exchange Commission (SEC).
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Alessandro
Mon Sep 09 2024
Similarly, RDC's depositary receipts will represent ownership in bitcoin, allowing investors to partake in the digital asset's potential growth without directly owning the cryptocurrency.
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