Switzerland approved its first retail Bitcoin ETF on October 20 through its financial regulator FINMA. The fund, issued by BIT Asset Management, invests directly in Bitcoin under an alternative regulatory framework and is expected to begin trading in November. Meanwhile, Cameroon’s 93-year-old President Paul Biya returned home on August 20 after spending 73 days abroad, including an extended stay in Geneva, raising questions about financial transparency in Switzerland. The approval highlights the debate over investor protection and the effectiveness of anti-money-laundering safeguards as regulated crypto investment products expand.
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