Rothschild’s structure has increased positions in BTC, while European Union may prohibit anonymous wallets

Rothschild’s are strengthening positions in BTC

Rothschild Investment Corp, which rules the main assets (total value is about $1 billion), has increased its investments in BTC. Starting from April 2021, the investments in BTC through Grayscale GBTC raised to 3 times.

According to SEC, Rothschild Investment Corp owns 141’405 stocks Grayscale Bitcoin Trust. 5 months ago, during the active phase of the crypto rally, the total sum of company stocks was less than 39 thousand. The assets Rothschild Investment Corp are closely priced at $4,1 million.

Besides, Rothschild Investment Corp has invested in Grayscale Ethereum Trust, buying 6’244 stocks. It seems the recent long-term falling of the whole crypto market does not affect Rothschild Investment Corp. top managers.

Anonymous wallets are under the surveillance of the EU

The European Commission has prepared a bill, which potentially would prohibit of using anonymous wallets. According to amendments to EU legislation, the companies may be forced to track personal information, for example, the user’s name and address, about the senders of transfers and their addressees during any operations with digital assets.

According to Viktor Pershikov, an analyst at 8848 Invest, such changes in legislation would affect the operation of cryptocurrency exchanges, exchangers and other companies working in this area.

“Possible Deanonymization of private crypto transfers between users looks like an unrealistic task, only if they do not leave the so-called “Breadcrumbs” by which a wallet can be identified and tied to a particular person,” Pershikov explained.

--

--

--

www.bestchange.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

FATExDEX is not a “DEX”

30% crypto tax becomes law in India following Finance Bill approval

Churning has arrived!

Crypto Regulations Recap — October 2018

NFT and CRYPTO PLR COURSES By Allaxe Gan

Cash Clash: Crypto vs Fiat

Blockchain Crowdfunding Is Attracting Hundreds Of Millions Of Dollars — And It’s Growing Fast

Bitcoin trading volumes fell 28% in April

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BestChange

BestChange

www.bestchange.com

More from Medium

What is AXELAR and how will it affect blockchains?

“His work called into question every kind of category” a obituary on Virgil Abloh

How NFTs Can Help Preserve History Accurately

The Power of Diversification