fidality digital asset europe
Fidelity Digital Assets Launches In Europe
December 18, 2019
fidality digital asset europe
Fidelity Digital Assets Launches In Europe
December 18, 2019

Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets is expanding to Europe.

On Dec. 17 a Fidelity Digital Assets representative said:

“We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets, Ltd”

“We recognize that the regulatory requirements for service providers in the digital assets space is evolving, and we intend to comply with all applicable requirements in the U.K. and elsewhere as we continue to globally expand our services to the institutional investment community.”

The move will provide European businesses, such as hedge funds, the opportunity to access Fidelity’s crypto asset services.

Expansion To Europe Requires No Additional Regulatory Licenses

This new expansion to Europe, however, requires no additional regulatory licenses — at least none that Fidelity is aware of.

Fidelity Digital Assets CEO Michael O’Reilly told Financial News:

ALSO READ :  Crypto Trading Pioneer Rana Yared Plans To Exit Her Position At Goldman Sachs

“Obviously we’ll make sure that we’re compliant with any U.K. or any other licenses that are required, but at this point our understanding is that we do not require any additional licensing to do this in the U.K.”

Services Related To Only BTC As of Now

Upon launch, the UK Fidelity branch will begin operations offering services related only to Bitcoin (BTC). Although the outlet might add other assets in 2020.

“Our focus is presently on Bitcoin, largely driven by what our clients’ needs are”

Fidelity added:

“We employ a robust framework through which we conduct the analysis of which coins we’ll service”.


Source: Cointelegraph


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ultra-Rare “Alien” CryptoPunk Sells For 605 Ether

Ultra-Rare “Alien” CryptoPunk Sells For 605 Ether

An ultra-rare “alien” CryptoPunk has sold for 605 Ether on January 23, worth over $750,000 at today’s prices. It has been reported that CryptoPunks are widely considered to be the original NFT project, released even...

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.