THELOGICALINDIAN - Fresh letters from South Africa advance addition bounded aggregation Sygnia is set to administer to the Johannesburg Stock Exchange JSE to account a new cryptocurrency exchangetraded armamentarium ETF This appliance will be the additional time Sygnia has attempted to account the crypto ETF A agnate appliance in 2024 was alone by JSE on area that the bourse was not accessible to accept cryptocurrency listings
However, according to a report which quotes the company’s CEO, David Hufton, Sygnia affairs to re-apply for an ETF application the aforementioned architecture anatomy from 2017. In remarks, Hufton said:
The CEO additionally reveals that Sygnia intends to “reapply to the JSE any day now.”
Meanwhile, a contempo report quotes the JSE director, Andre Visser, answer that assertive altitude charge to be met aboriginal afore such an appliance is accounted to accept been successful. Further, the JSE reveals it would additionally charge “to appoint with added regulators, including the Financial Sector Conduct Authority, the South African Reserve Bank and all-embracing regulators.”
With this revelation, Sygnia becomes the latest South African close to accurate absorption in advertisement a crypto ETF. As ahead reported by Bitcoin.com News, addition South African firm, DCX Capital, has analogously appear its plan to account a cryptocurrency ETF on the JSE.
Do you anticipate that the JSE will accept Sygnia’s additional ETF application? Tell us what you anticipate in the comments area below.
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