Citigroup is planning to actualize a safer way to advance in cryptocurrencies like Bitcoin by developing a new system that allows bodies to barter in them without absolutely owning the underlying digital assets.
The US coffer affairs to act as an abettor arising alleged Digital Asset Receipts (DARs), or DARs, to accredit trading by proxy. If accustomed by regulators, the new arrangement would abatement within existing institutional frameworks, allowance coffer up aplomb in the bill as a legitimate investment class, according to those accustomed with the matter.
DARs would work in a agnate way to American Depository Receipts (ADRs), which are certificates that represent shares of a adopted b issued by a bank.
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