Swiss financial regulators have green-lighted the creation of the country’s first digital asset fund, according to Reuters. The exclusive fund, named the Crypto Market Index Fund, will be available only to qualified investors.
Europe has grown to become the largest cryptocurrency economy in the world, with a quarter of total global activity, according to the latest report from Chainalysis. The region of central, northern, and western Europe, or CNWE, has mostly benefited from a massive uptick in the use of decentralized finance (DeFi) protocols, and increased interest from institutional investors.