According to Coingape, Vanguard Group, a major American investment firm, may be reconsidering its stance on cryptocurrency. The company has filed a new application with the U.S. Securities and Exchange Commission (SEC) for the “Vanguard Specialized Funds”, which aims to track the performance of benchmark indexes. In the submitted documents, Vanguard Group mentions digital currencies and provides key definitions related to cryptocurrencies.
Vanguard Group describes “digital currencies” as digital assets that serve as a store of value, medium of exchange, or unit of account. They classify digital currencies as digital assets that are not issued or guaranteed by any jurisdiction, central bank, or public institution, and involve transactions recorded on decentralized networks or distributed ledgers. Additionally, Vanguard Group mentions “digital security tokens” and “digital utility tokens”. According to the report submitted to the SEC, Vanguard Group believes that the value of digital security tokens usually comes from or represents ownership in individual assets or asset pools, while digital utility tokens are described as digital assets that can be used to access specific networks, products, or services.
Vanguard Group has previously expressed a negative stance on cryptocurrencies, with its new CEO, Salim Ramji, stating that they will not launch a Bitcoin exchange-traded fund (ETF).
Tags:
SEC
Vanguard
Source link:
https://coingape.com/vanguard-files-specialized-fund-with-special-mention-of-d…
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Original link:
https://www.bitpush.news/articles/6806949
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