3iQ has listed the preliminary prospectus for its bitcoin fund as the next step toward an initial public offering (IPO), likely on the Toronto Stock Exchange.
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.
A digital currency could ensure that citizens remain able to use central bank money even if cash is eventually no longer used, according to Benoît Cœuré.