The creation of investment funds in cryptocurrencies, is one of the most important tasks of the crypto world. And that is, if the main objective of the market criptoactivos is to reach its relevance. The inflow of funds with capital to invest in the same, is one of the best mechanisms to achieve it. Therefore, it is important the possibility of the birth of an investment fund on crypto in China.
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Legality and illegality in Bitcoin
To understand the importance of these funds, and the difficulty in its creation in the crypto world. We need to start talking about the legal situation which are the cryptocurrencies in most of the nations of the planet. And is that, in almost all countries, the Bitcoin and other criptoactivos, they are in a legal limbo. Not being recognized by the legal framework of these States, but also to be illegalised in the same. So, at the end of the day, they are in a state of “alegalidad” in the practical totality of the world. This, although it allows citizens of these countries can invest in cryptocurrencies. The leaves destitute of the state protection against any downside in this market. When even in many cases, you do not get to recognize his quality as an asset before the law. And therefore, it is impossible to claim due to damage or violations around them, in front of a court. And although this situation is gradually changing. What is certain is that it is one of the main reasons, which keeps away the big capitals of the crypto market. Therefore, do not find the solidity of the institutional or legal security needed to invest. They prefer to focus on other assets with profitability lower.
An investment fund in China
It is for this reason, so that a possible opening of an investment fund for cryptocurrencies in China has so much importance. Because that opens the door to that great capital of the second largest economy in the world. Entering a market of the importance of the criptoactivos. This is thanks to the presentation to the China Securities Regulatory Commission (CSRC), an application for the creation of an investment fund in cryptocurrencies. By a firm of asset management with headquarters in the city of Shenzen, Penghua Fund. Being received by the regulatory agency on the 24th of December. Receiving a positive response on the part of the CSRC. This would be the first investment fund contributed to the unique investment in cryptocurrencies in the asian country. A crucial step to the process of massification of the criptoactivos in this market. However, the attitude of the chinese government towards the cryptocurrencies, in general, has not been receptive. What could prevent you from the approval to the project of Penghua Fund. In spite of which, this continues to be an important step in the advancement of the cryptocurrencies in Asia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.