Nasdaq Stockholm Fines Bitcoin Exchange-Traded Note Provider 2017

Nasdaq Stockholm has imposed a fine of more than $120,000 to XBT Provider AB, a provider of publicly-traded Bitcoin exchange-traded note (ETN), due to alleged violations of exchange rules and financial regulations.

The committee announced in late July 2017 that the company violated provisions of its Internal Rule Book and certain provisions of the Financial Instruments Trading Act.

INFO
April 2015, Nasdaq Stockholm approved the company’s Bitcoin Tracker One ETN, which is considered as the first Bitcoin-based item to be listed on the Swedish exchange. The ETN’s trading format is similar to all the other listed instruments on the Nasdaq exchange. Investors who want to invest should register an account through their investment advisors, banks or online brokers.
source cointelegraph