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SEC: Bitcoin-ETF activity will not meet the requirements of the regulator

The Securities and Exchange Commission (SEC) expressed serious doubts about the liquidity and price volatility of the Crypto-currency and related products. The department believes that the activities of stock exchange investment bitcoin-funds at the moment will not meet the requirements of the regulator.This is reported by  TechCrunch .

Read Also : The National Bank of China banned the maintenance of crypto-currency transactions

“While a number of problems will not be resolved, our department considers it inappropriate for sponsors of bitcoin-funds to submit registration applications. In this regard, we also asked all organizations that have already submitted applications to withdraw them, “said Dlia Blass, Director of Investment Management at SEC.

Blass also stressed that the Commission is concerned about the wide possibilities for manipulating the crypto currency market and the frequent application of the arbitrage trading strategy.

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In addition, the SEC doubts that many financial institutions are eager to act as trustees and guarantee the security and security of the crypto-currency assets of such funds.

Earlier, Dahlia Blass  stated that the SEC faced some difficulties in developing a regulatory policy for bitcoin-ETF.

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The post SEC: Bitcoin-ETF activity will not meet the requirements of the regulator appeared first on Digital Bodha.



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