Canadian Regulatory Authority British (BCSC) has approved the registration of an investment company with a cryptocurrency focus.

The Vancouver-based investment company First Block Capital Inc. would like to focus entirely on crypto investments and to issue a Bitcoin investment fund in a timely manner. Of course, there is the issue of regulatory approval. Over the past few months, banks and investment firms have been trying to list financial products such as bitcoin ETFs on the world’s stock exchanges – often with a negative outcome.

The apparent openness of the BCSC could create framework conditions in Canada that provide an investment-friendly climate for crypto installations with digital currencies as the underlying.

According to Zach Masum, manager at BCSC, to register First Block Capital Inc .:

“This first registration allows access to Bitcoin investments while at the same time controlling the BCSC.”

Zach Masum also emphasizes in the statement that other investment companies are invited to inform themselves about the regulation of cryptic payments at the BCSC in order to also launch crypto investment products. Such statements reinforce the impression that Canada is hoping for blockchain technology and related investments.

With regard to the restrictive regulation of some countries in recent weeks, such as in China, Canada could become more important in terms of crypto investments in the future.