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BitcoinMoschiach (OP)
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July 27, 2018, 09:44:49 PM |
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Winklevoss Bitcoin Trust ETF Rejected By SEC Anticipation of the first Bitcoin exchange traded fund (ETF) being approved has helped induce a Bitcoin rally that saw prices climb from USD 6,200 to USD 8,500. The most hyped Bitcoin ETF is one from VanEck and SolidX, but there are other ETFs that have been proposed to the Securities and Exchange Commission (SEC) including the Winklevoss Bitcoin Trust. In a 92-page document dated 26 July 2018, the SEC thoroughly analyzes and rejects the Winklevoss Bitcoin Trust, which might be the reason behind Bitcoin’s drop to USD 7,900 today. Read the full article at https://bitcoinnews.com/winklevoss-bitcoin-trust-etf-rejected-by-sec/Video https://www.youtube.com/watch?v=GO4AHGXWsy0 |
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WiseFoxxy
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July 27, 2018, 09:46:39 PM |
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So the Indian government is essentially backtracking on its attempt to outlaw crypto by legalizing it as a gambling tool? I'm not too sure this makes sense to me. Either it's too far out there or I just didn't find the logical relation between the two actions. Just a few weeks ago they were trying to ban it from all banks because it wasn't a legal tender. Maybe one influential individual decided that the only way to transact in India was through bitcoin, so they needed another way to cover their story and decided to cover it this way? Or they just want to find another way to collect tax? Anything is possible in India, isn't it? |
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BitcoinMoschiach (OP)
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July 27, 2018, 09:54:21 PM |
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South Carolina Startups Get Green Light After Operation “Cryptosweep” The Office of the Attorney General of South Carolina has given the go-ahead for two startups to resume business in the southern US state. The Securities Division has removed cease-and-desist orders previously served against ShipChain and Genesis Mining for being accused of being in violation of state law as part of “Operation Cryptosweep” launched by the North American Securities Administrators Association earlier this year, as reported by Bitcoin News. The Statement by the Attorney General’s Office stated at the time: Read full article at https://bitcoinnews.com/south-carolina-startups-get-green-light-after-operation-cryptosweep/Video https://www.youtube.com/watch?v=6fy1DaZ3JYM |
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gamersarap
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July 27, 2018, 11:58:23 PM |
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In Thailand there is a SEC Regulation that Regulates Cryptocurrency Thai Securities and Exchange Commission (SEC) announced a new cryptocurrency law on June 8, 2018. This can be seen as a positive step to legalize cryptocurrency in Southeast Asian countries, unlike other countries such as nearby China that have banned the cryptocurrency trade activity. The rules issued by the SEC came only a month after the Thai government decided that cryptocurrency was a digital asset and they had to be regulated, and they decided that the SEC would be responsible for cryptocurrency. Read the full article at https://bitcoinnews.com/thailands-sec-issues-cryptocurrency-rules/ |
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nesis67
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July 28, 2018, 01:07:16 AM |
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In Hong Kong to Form 7 Banks Platform Blockchain Financial Trade Seven banks including Hong Kong's banking regulator will launch the trade finance platform this September using blockchain. The platform is reported to be one of the largest government-led cross-government cooperation globally.This will include British banking giant HSBC and Standard Chartered PLC. HSBC is Europe's seventh largest by assets and largest bank; Standard Chartered is a London-based bank with businesses throughout Asia. Read the full article at https://bitcoinnews.com/7-banks-to-form-trade-finance-blockchain-platform-in-hong-kong/Video https://www.youtube.com/watch?v=koyBAcuxLTU |
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HappyWhiteHuman
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July 29, 2018, 01:02:02 PM |
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In Thailand there is a SEC Regulation that Regulates Cryptocurrency Thai Securities and Exchange Commission (SEC) announced a new cryptocurrency law on June 8, 2018. This can be seen as a positive step to legalize cryptocurrency in Southeast Asian countries, unlike other countries such as nearby China that have banned the cryptocurrency trade activity. The rules issued by the SEC came only a month after the Thai government decided that cryptocurrency was a digital asset and they had to be regulated, and they decided that the SEC would be responsible for cryptocurrency. Read the full article at https://bitcoinnews.com/thailands-sec-issues-cryptocurrency-rules/
The association announced it’s pushing for a fintech platform using blockchain technology. The new registrar system will cut issuance times in more than half. The Thai Bond Market Association (TBMA) plans to implement a new registrar service platform combining financial technology with blockchain technology. There are ongoing plans to put it to practice during the current year to improve the growth of the secondary market. TBMA Wants To Issue New Bond Certificates in Two Days President Tada Phutthitada of the TBMA wishes to apply to the regulatory sandbox by the end of the year to start the live experiments of the new platform under the regulators’ supervision. If they succeed, this will be the first fintech platform apply to both the Bank of Thailand and the country’s Securities and Exchange Commission (SEC). While initially the platform is expected to start issuing bond certificates in 3-4 days — as opposed to the usual 7-15 days, — the ultimate goal is to reduce that time to two days. The new platform will eliminate the need for physical certificates, as the book entries will be sufficient to represent the holding and settlement of securities. Phutthitada explained, “The faster bond certificate issuance allows bondholders to trade in the secondary market faster and reduces settlement risk for bond investors. If nothing is done to speed up bond certificate issuance, the growth of corporate bonds in the secondary market could be limited.” https://www.ccn.com/thai-bond-market-association-to-incorporate-blockchain-technology/ |
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