«Licensing laws have typically been fairly strict on who can sell a motor vehicle because of the possibility of fraud,» explains Jim Moors, director of franchising and state law with the National Automobile Dealers Association. (entrepreneur.com)
The long - awaited decision, citing the possibility of fraud and market manipulation, rejected a proposal to create an exchange traded fund (ETF) for bitcoin, and threw cold water on hopes institutional investors would use the ETF to stock up on the currency. (fortune.com)
Earlier this year, they attempted to create an ETF for Bitcoin, but fell short after the U.S. Securities and Exchange Commission rejected the application, citing the possibility of fraud. (fortune.com)