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Fidelity Has Been Approved As Canada’s First Institutional Bitcoin Custodian

Fidelity Has Been Approved As Canada’s First Institutional Bitcoin Custodian



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4 Comments

  1. Those “institutions” have been rendered obsolete by Bitcoin.

    Instead of putting money into an obsolete retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …Individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

  2. tldr; The Canadian government has approved Fidelity’s request to become Canada’s first Bitcoin custodian. The move could pave the way for other Canadian institutions to invest in cryptocurrencies. Fidelity Clearing Canada serves nearly 100 investment firms in Canada and manages assets worth over $222 billion.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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