Bitcoin-ETF application to get SEC determination in February 2019

Posted 07 December, 2018

The US Securities and Exchange Commission announced on December 6 that the determination of the bitcoin-ETF application filed by VanEck, SoldX and CBOE will last till late February 2019 meaning that it may use all the time allowed by the law.

The authority released the corresponding notice this Thursday, saying:

"The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes reasons for such determination".

VanEck lodged the application in June, while later in August SEC decided to extend the period of its consideration. Meanwhile, in September, the commission asked the public to file the comments on this application. For reference, the period for determination, in that case, is 240 days. As SEC commented, it has collected more than 1,600 comments on the proposed rule revision as of December 6.

"December 29, 2018, is 180 days from that date, and February 27, 2019, is 240 days from that date," reads the document.

Following this statement by SEC, prices for cryptos, in particular, bitcoin, plunged to its new bottom of 2018. Earlier, SEC official said that the green light could be given soon or in many years as well. 

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07 December, 2018 12:35

← Huobi awarded with Gibraltar DLT license

One of the leading crypto exchange – Huobi – confirmed the rumours about DLT license in Gibraltar during the recent conference held in London. At the event, the company commented on its the received license as well as shared more details about the planned regulated trading platform for digital coins. The company added that they stick to the position that well-developed regulation would be the good drivers for further development of the crypto sector. With this license, Huobi will be able to expand their client base, as they may attract those institutional investors who used to refrain from dealing with the unregulated atmosphere. 

Huobi awarded with Gibraltar DLT license

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06 December, 2018 16:49

Soaring number of suspicious crypto transactions detected in Japan, NPA said →

The National Police Agency of Japan has released the report regarding the increasing number of suspicious transactions in the crypto market over January-October 2018. Japanese crypto trading platforms detected and reported about 5,944 suspicious deals with digital coins over the period under review. In the year-to-year comparison, the number of such transactions soared practically by 800%. For reference, it was recorded only 669 suspicious transactions over January-December 2017.

Soaring number of suspicious crypto transactions detected in Japan, NPA said
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