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Clients of German central banks Comdirect and OnVista will now have access to Cardano investment products. The news co-occurs as Valour, a distributor of cryptocurrency goods for retail customers in Germany, announced an arrangement with both banks. According to reports, Comdirect, a trademark of Commerzbank AG, has over three million clients and is the third-largest bank in Germany. In addition to access to 46 stock markets outside of Germany, it offers online banking, advising, and brokerage services in Germany. OnVista is a Comdirect Bank AG subsidiary and an internet broker. In addition to ETPs for Cardano, Polkadot, Solana, Avalanche, Cosmos, and Enjin coins, Valour, a company that provides ETPs, also offers ETPs for Bitcoin and Ethereum.
Investments In Cardano Goods Increased
A variety of alternative coins, including Cardano, experienced inflows totaling $3.9 million in the previous week. There were only modest withdrawals of $17 million from digital asset investment products last week. The outflows, which totaled $21 million last week, were dominated by Bitcoin. Regional flows demonstrate the disparity in attitudes, with inflows of $20 million into European markets but withdrawals of $36 million from American exchanges. Blockchain equities witnessed inflows of $8 million last week, contrasted with direct digital assets' withdrawals, which suggested a less pessimistic view.
New Crypto Regulations In Canada
Charles Hoskinson, the founder of Cardano, responded to a paper that has been making the rounds on Twitter regarding limitations on cryptocurrency purchases in Canada. According to a document released by a Twitter user going by the handle "Mo," Canadian residents of specific provinces will only be permitted to purchase more cryptocurrencies worth a maximum of $30,000 annually. However, since there are no purchase restrictions for Bitcoin Cash, Ethereum, Litecoin, and Bitcoin, this does not apply to them. https://twitter.com/IOHK_Charles/status/1560089498977030145