#regulatory-change

#regulatory-change

21shares spent years building its crypto franchise outside Wall Street's orbit. From Zurich, it launched exchange-traded products that gave European investors access to Bitcoin and Ether long before the U.S. would allow them. Now, in selling itself to FalconX-a crypto prime broker backed by Tiger Global and Singapore's GIC-the company is trading autonomy for scale as crypto moves closer to the financial mainstream.

The new product has one of the lowest interest rates in the market and comes weeks after credit unions were cleared to triple their current mortgage and business lending. Central Bank executives have given the go-ahead to changes to lending regulations for the sector. The new rules would allow an increase in the total lending capacity of the sector for mortgage and business lending from €2.9bn to €9.9bn, the Central Bank said. A number of larger credit unions already offer mortgages, but each has a different interest rate.