Australian Regulator Halts Holon’s Crypto Funds Operated By Gemini

According to a press statement, Australia’s financial services and markets regulator has restricted Sydney-based asset manager Holon Investments’ ability to sell or distribute three crypto funds to individual investors for 21 days. The reason behind the suspension was non-compliant target market determinations (TMDs). A target market determination (TMD) is a statement that outlines the demographics for whom a product is suitable, considering potential requirements, goals and financial circumstances, and distribution options. Holon’s Crypto Funds The funds, known as the Holon Bitcoin Fund, the Holon Ethereum Fund, and the Holon FileCoin Fund, are all managed investment plans that attempt to provide access The post Australian Regulator Halts Holon’s Crypto Funds Operated By Gemini appeared first on Cryptoknowmics-Crypto News and Media Platform.