Citigroup to allow crypto trade through digital asset receipts

Citigroup to allow crypto trade through digital asset receipts

The Citigroup Inc has come up with a new system for investing in cryptocurrencies. The financial institution plans to issue digital asset receipts (DAR) by acting as an intermediary between the investor and the crypto asset. The mechanism would operate like that of the American Depository Receipts with the cryptos held by a separate custodian.

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