📢Good news! 🎉Financial services giant DTCC recently announced that it will not allocate any collateral to exchange-traded funds (ETFs) that touch Bitcoin or cryptocurrencies, nor will it provide loans to them. 😮But don't worry, this does not mean that all cryptocurrency transactions will be affected! 🙅♂️
Crypto enthusiast K.O. Kryptowaluty clarified that this regulation only applies to inter-entity settlements within the line of credit (LOC) system. 👍That is, the use of cryptocurrency exchange-traded funds for loans and as collateral for brokerage activities will continue to be unaffected, depending on the risk tolerance of individual brokers. 💪
So, the prospects for Bitcoin are still bright, and the world of cryptocurrency is still exciting! 🚀Let us look forward to more good news together! 🎈