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Author Topic: Can someone explain in simple words what's the SEC and why we need it?  (Read 210 times)
hatshepsut93
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January 11, 2019, 11:39:10 PM
 #21


On the third hand (lol) I believe that bitcoin should allow anyone to participate. Even institutional money.
Institutional money also means pension funds, that is composed by millions of individuals. I think everyone should be able to buy bitcoin. No exceptions.


Not only it should, in a sense that we shouldn't bitch about institutional money getting in, but it already is and has always been the case, because Bitcoin is free to everyone. So, all these critics of banks and governments can do absolutely nothing about those bodies getting into Bitcoin if they wanted to.

It's especially funny how the same people who praise Bitcoin for being robust and indestructible are saying that ETF would be a disaster. Turns out those evil governments don't need to ban Bitcoin to kill it, they only need to embrace it, lol.


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January 11, 2019, 11:52:43 PM
 #22

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC play a big rule in terms of market industry and cryptocurrency is one of this market.The Securities and Exchange Commission is the agency responsible for regulating the securities industry . In addition to its regulatory functions, the SEC also maintains the country's company register.The SEC is responsible for the efficient,transparrent and effective market.

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January 12, 2019, 12:07:04 AM
 #23

The regulation approval can bring investors from any size to the market and also more financial security which leads to a greater crypto adoption.
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January 12, 2019, 12:20:20 AM
 #24

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

the SEC is a pseudostatist, organ of the private american usd printing banking cartel

it is a big fake created and developed during the cold war, in order to keep americans believing they can get rich and wealthy,

in truth the banks were designed to make the established rich richer and richer, and keep the poor dreaming and working.

regards

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January 12, 2019, 12:50:59 AM
 #25

On the third hand (lol) I believe that bitcoin should allow anyone to participate. Even institutional money.
Institutional money also means pension funds, that is composed by millions of individuals. I think everyone should be able to buy bitcoin. No exceptions.



On the fourth hand, If the sec will require bitcoin to be regulated and to remove the anonymity (can be?). Then it will not be bitcoin anymore. This matter is really confusing for both the SEC and us holders haha.


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January 12, 2019, 01:12:49 AM
 #26

Well basically SEC allows bitcoin to operate in certain countries like US not that it can't operate without SEC'S permission but it can help to avoid bitcoin getting banned and avoid getting treated us a ponzi scheme this hepls btc boost its popularity to investors and local businesses to be adopted. We dont need SEC's approval but it will certainly helps us.


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January 12, 2019, 04:20:36 AM
 #27

I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

SEC play a big rule in terms of market industry and cryptocurrency is one of this market.The Securities and Exchange Commission is the agency responsible for regulating the securities industry . In addition to its regulatory functions, the SEC also maintains the country's company register.The SEC is responsible for the efficient,transparrent and effective market.
when the SEC recognizes bitcoin and provides regulations on bitcoin to be traded, of course it will have a positive effect, of course the bitcoin market will be wider, users will be more numerous, and certainly will make prices go up and bitcoin is increasingly popular

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January 12, 2019, 08:39:40 AM
 #28


On the fourth hand, If the sec will require bitcoin to be regulated and to remove the anonymity (can be?). Then it will not be bitcoin anymore. This matter is really confusing for both the SEC and us holders haha.

I believe that removing bitcoin anonymity is not possible.
Of course kyc can be required everywhere, but you can always create a new address that Will be anonymous for some time at least

There are always turn around for excessive regulations

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January 12, 2019, 09:16:00 AM
 #29

However, In order for an ETF to get approved, the SEC needs to deem the asset to be regulated and not subject to anonymous manipulation. Obviously, Bitcoin can be manipulated easily by anonymous people, as most of the largest Bitcoin exchanges out there are not US based and therefore don't have KYC/anti-money laundering requirements.

This is why the last proposal was rejected and it's why future proposals are likely to be rejected as well.
Does that KYC procedure on exchange have the biggest impact on ETF approval? Actually i see that many even most of the exchanges have had KYC procedure especially for big capital users.

Do you think this will affect the current pending ETF approval?


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