It means that you can purchase a stake in a pool of now currently bitcoin managed company – First Block Capital. As you follow the news, the value of Bitcoin constantly increases which means that if you invest now, the value of your stake will go up (we suppose, according to the current information). The target audience is all people who are interested in investing in Bitcoin Canada as a cryptocurrency and sit back while its value increases and becomes more valuable. What we are trying to say is that you as an investor, don’t have to worry about the numbers or complicated things such as exchanges and private keys or even how Bitcoin operates. The whole point is the profit and how Bitcoin can make you rich.
BCSC is the principal regulator and they announced that it is open to helping and encouraging more cryptocurrency investment funds in Canada, if they meet the current regulatory compliance standards, of course.
In a statement, the head of the BC regulatory technology team said that they strongly encourage other companies, regardless of whether they are existing investment fund managers or potential new registrants to get in touch with them if they are considering the chance of pursuing different cryptocurrency investments in their funds. What they were trying to say is that they will form and ensure compliance with securities regulation and this can help save both time and money, later in the future.