3iQ Research Group consolidates the top five cryptoasset stories of interest to investment advisors and our investors.
3iQ’s The Bitcoin Fund is one of the World’s Largest Publicly-traded Holders of BTC
October 12 – Bitcointreasuries.org now tracks publicly-traded companies and funds that own bitcoin as a part of their balance sheet. 3iQ’s The Bitcoin Fund now has the 5th largest bitcoin holding among publicly-traded entities in the world.
Image Source: Coin98 Analytics List of Public Companies Holding BTC here.
Square Inc Converts $50 million USD to BTC
October 8 – Headed by Twitter founder Jack Dorsey, Square processes over $100 billion USD in transactions annually. “Now is the right time for us to expand our largely USD-denominated balance sheet and make a meaningful investment in bitcoin. We view bitcoin as an instrument of global economic empowerment.”
Read the article here.
Image Source: Twitter
US Department of Justice Publishes an 83-page Crypto Report
October 8 – The US Department of Justice recently published the Cryptocurrency Enforcement Framework detailing its approach to the ever evolving enforcement of this emerging financial infrastructure. “…distributed ledger technology, upon which all cryptocurrencies build, raises breathtaking possibilities for human flourishing.”
Image Source: Department of Justice (DoJ) Read the full report here.
3iQ’s Tom Lombardi to Speak at the Digital Chamber of Commerce Webinar
October – The regulatory and compliance environment for digital asset investments can be daunting to financial advisors and institutional investors. With any new financial asset class, taxonomic and compliance hurdles are common, but there are certainly some idiosyncrasies with digital assets. The webinar begins October 22, 2020.
Image Source: Digital Chamber of Commerce Register for the Webinar here.
OSC Investor Education Month
October 1 – The Ontario Securities Commission announced several investor education and outreach activities during October, including telephone town hall meetings, investor email newsletter and updated GetSmarterAboutCrypto.ca resources.
View the website here.
Image Source: OSC, GetSmarterAboutCrypto.ca