Bitcoin Forum
September 29, 2024, 06:52:51 PM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
SEC与CFTC杠上了:到底比特币是否已经准备好融入主流投资市场
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: SEC与CFTC杠上了:到底比特币是否已经准备好融入主流投资市场 (Read 197 times)
stroll
(OP)
Jr. Member
Offline
Activity: 57
Merit: 10
SEC与CFTC杠上了:到底比特币是否已经准备好融入主流投资市场
August 13, 2017, 04:38:20 AM
#1
今年2月份,美国证券交易委员会(SEC)对于Winklevoss兄弟的比特币ETF提案进行了否决。然后金融机构及权威媒体立即宣布:比特币还没有做好融入主流的准备,比特币价格随之下跌。但是随后发生了一些奇怪的事情:提案被拒之后不久,比特币价格就开始飙升,从当时的1100美元左右涨至今天的3430美元
中间还发生一件更为奇怪的插曲:另一家监管机构美国商品期货交易委员会(CFTC)向纽约的一家比特币期权交易所LedgerX发放许可,允许其交易和结算比特币的衍生品合约。
这些监管机构都是什么来历,他们为何对比特币的未来产生分歧呢?
SEC的历史和使命
在美国股市经历过1929年的震荡之后,美国国会开始考虑如何更好地监管证券市场。1933年,SEC成立了,其使命为:
“保护投资者,维护市场的公平、秩序、高效,促进市场的资本积累。”
SEC的职责是监管股票,信用违约互换(CDS)和债券等证券,此外还负责监管交易所交易基金或ETF。这些是一种专门追踪潜在市场的特殊证券。在这种情况下,Winklevoss兄弟就可以通过比特币ETF的买入和卖出来追踪比特币的潜在价值。
CFTC的历史和使命
CFTC成立于1974年,旨在规范蓬勃发展的期货市场。期货是一种“衍生工具”,其价值衍生自相关资产的价值。CFTC成立时,交易的大部分期货都涉及农业。农民和牧场主一直以来都依靠期货合约来保护自己免受市场不确定性的影响。
CFTC的使命在一定程度上与SEC不同:
“促进公开,透明,竞争和财务健全的市场...委员会旨在保护市场用户及其资金,消费者和公众免受与衍生产品和其他产品相关的欺诈,操纵和滥用行为。”
SEC拒绝了比特币ETF申请
SEC发布了长达38页的备忘录,解释了为何要否决Winklevoss的ETF申请。SEC对于ETF的首要问题是比特币市场具有抗监管的属性。
以前,委员会强调过国家证券交易所上市和交易(ETF)的监管共享协议的重要性,以及标的资产相关的重要市场。”
换句话说,由于比特币现货市场一般不受管制,因此SEC无法确定ETF是否以投资者的方式进行上市。该文件继续说明,任何ETF必须有防止欺诈和市场操纵的规则,以保护投资者。由于比特币交易通常不受管制,证监会不认为可以有效地制定和执行这些规则。
考虑到SEC的主要任务是保护投资者,但似乎他们因为过于谨慎而出错。大家都不想看到麦道夫丑闻事件的重演,除非比特币市场能够受到更好的监管,否则SEC似乎没有兴趣批准任何比特币ETF。
CFTC批准比特币期货交易
7月24日,CFTC授予LedgerX批准交易比特币期货。他们通过将LedgerX标记为“衍生工具清算机构”。该公司以前一直无法交易Bitcoin期货,因为它只是一个“掉期执行工具”。CFTC承认,LedgerX将会提供比特币期货交易,尽管新闻稿说CTFC并不认可比特币本身:
“虽然已经授权了完全抵押的数字货币互换提供清算服务,但是并不暗示委员会推荐使用数字货币,尤其是使用比特币。”
相比比特币交易,CFTC可能会更容易批准比特币期货交易。区别在于他们的使命:SEC希望保护投资者,而CFTC则只是为了拥有一个“公平的”期货市场。
因果关系
有趣的是,CFTC对比特币期货交易的批准,可能导致SEC对未来比特币 ETF的认可。 SEC在否认Winklevoss ETF时写道:
“当现货市场不受管制时,必须要有与潜在资产相关的受监管的重要衍生品市场,且交易所能够与之签署监管共享协议。”
一旦LedgerX打造出经过CFTC批准的期货市场,SEC或许就会批准比特币ETF。
owenshiop
Jr. Member
Offline
Activity: 56
Merit: 10
Re: SEC与CFTC杠上了:到底比特币是否已经准备好融入主流投资市场
August 13, 2017, 08:25:08 AM
#2
EOS被下架了哈哈,李笑来估计有点意外
Pages: [
1
]
Print
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
SEC与CFTC杠上了:到底比特币是否已经准备好融入主流投资市场
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...