The Financial Market Supervisory Authority (FINMA), also known as the financial center in Switzerland, announced that it had approved a cryptocurrency fund for the first time at its meeting on Wednesday. At this point, Switzerland and Norway were generally known as investing in equity funds. Switzerland, which invested in a cryptocurrency fund for the first time, said that I am now in this field.
The money fund said in a statement: To facilitate innovation, FINMA consistently implements current provisions of financial market laws in a technology-neutral way.
In the volatile world of cryptocurrencies, Switzerland first announced that it will invest in crypto currency funds such as bitcoin and ethereum, which have secured their top positions in cryptocurrencies.
In 2021, the confidence of people and investors in crypto money has increased. While many companies and investors continue to invest in cryptocurrencies, countries such as El Salvador have accepted cryptocurrencies as official currency. In particular, El Salvador announced in a statement that they gave $30 gift cards to increase people's use of cryptocurrencies. After this process, member applications to crypto money have exceeded 2 million now.
Crypto currency stocks continues. According to the incoming news flow in Bitcoin, decreases and increases are seen. It continues its pessimistic movement between the 40K -49K band. At this point, many investors say that if there is a drop below the $39K band, a deep correction can be entered into. Many investors want to wait in cash and aim to collect from the bottom with a possible downward or corrective movement.
According to the news flow from the Chinese central bank and the news flow from many companies or governments, it seems that the crypto money giant will make its decision and many altcoins will determine their direction after this decision. On the Ethereum side, a separate story plays a role, and ethereum, which again saw resistance at the $ 3,400 level, started the correction movement and made decreases. It is expected to test these levels again in the coming periods.
The above information is in no way investment advice.
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