Hedge fund Millennium required employees to report on their ownership of cryptocurrencies – Bits Media

New York hedge fund Millennium Management, which manages the assets on $57 billion, issued instructions for employees, obliging them to disclose the fact of ownership of cryptocurrencies.

According to The Block, over the past three years, Millennium management has already repeatedly spoke about the need to report transactions with digital assets to the compliance department. This step once again indicates the interest of the largest players on Wall Street in cryptocurrencies., as well as a cautious attitude towards the industry.

Recently, a hedge fund has become interested in cryptocurrency derivatives. Back in October 2020 Millennium Management planned to hire an employee, who would take over the leadership of the cryptocurrency investment team. but, The company's plans changed and the vacancy was filled.

Recently Managing Director for European Markets, Middle East and Africa at BitGo Darren Jordan told, that corporate representatives, Hedge funds and other institutional investors constantly ask him about the possibility of buying Bitcoin and other cryptocurrencies.