New York-based hedge fund Millennium Management, which manages $ 57 billion in assets, has issued a directive to employees requiring them to disclose ownership of cryptocurrencies.
According to The Block, over the past three years, Millennium management has repeatedly spoken about the need to report transactions with digital assets to the compliance department. Such a move once again speaks of the interest of the largest players on Wall Street in cryptocurrencies, as well as a cautious attitude towards the industry.
Recently, the hedge fund has taken an interest in cryptocurrency derivatives. Back in October 2020, Millennium Management planned to hire an employee to take over the leadership of the cryptocurrency investment team. However, the company’s plans changed and the vacancy was closed.
Darren Jordan, Managing Director of Europe, Middle East and Africa Markets at BitGo, recently revealed that he is constantly being asked by representatives of corporations, hedge funds and other institutional investors about the possibility of buying bitcoins and other cryptocurrencies.
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