DTTC: Will exclude collateral for Bitcoin-linked ETFs

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Odaily Odaily News Financial services giant DTCC said it will not allocate any collateral to exchange-traded funds (ETFs) that touch Bitcoin or cryptocurrencies, nor will it provide loans to them. Cryptocurrency enthusiast KO Kryptowaluty clarified that this only applies to inter-entity settlements within the line of credit (LOC) system. According to him, 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. (Cointelegraph)

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