The European regulator is considering the inclusion of cryptocurrencies in the investment market worth €12 trillion

UCITS, or the Common European Securities Directives, are the basis for the creation of collective investment funds in the European Union. This document regulates the processes and rules for investment funds, making them accessible to a wide range of investors.

As part of its ongoing survey, ESMA is seeking the views of stakeholders regarding the possibility of including cryptocurrencies in UCITS. The document published by the regulator notes that the purpose of the survey is to find out what risks certain asset classes may pose for retail investors, including cryptocurrencies. This event sparked lively discussions and interest from experts and investors, who have already begun to analyze the possible consequences of such a step.

There has been widespread speculation that if cryptocurrencies are approved as assets for UCITS, it would be a significant breakthrough for the cryptocurrency investment market in Europe. Experts note that this could significantly expand access to cryptocurrencies through UCITS funds and lead to increased interest in this type of asset from retail investors.

The results of the survey are expected to be determined by early August 2024. This could lead to important changes to investment regulations in Europe and impact the future of cryptocurrency investments in the region. In turn, this will become a new stage in the development of the cryptocurrency market and its integration into the global financial system.