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A&G launches Spain’s first locally-regulated crypto hedge fund

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Spain’s first locally regulated crypto hedge fund, which will be overseen by the country’s financial markets regulator, Comisión Nacional del Mercado de Valores has been launched by Spanish private bank A&G, according to a report by Crypto News.

Spain’s first locally regulated crypto hedge fund, which will be overseen by the country’s financial markets regulator, Comisión Nacional del Mercado de Valores (CNMV) has been launched by Spanish private bank A&G, according to a report by Crypto News.

A&G says it has launched the new Criptomonedas fund, which will only be available to professional investors, on the back of increased investor interest in digital assets and cryptocurrencies.

The new fund, which the company says offers investors a safer and more efficient alternative to buying spot crypto directly, will use Crédit Agricole and Santander’s asset servicing arm known as CACEIS as its depositary, while Pac will; act as its auditor.

CACEIS acquired a license to offer crypto custody services in the EU from France’s Financial Markets Authority (AMF) in June this year.
 

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