Bitcoin was back on the defensive Thursday, as prices dropped below $ 10,000 after the U.S. Securities and Exchange Commission (SEC)
said digital asset exchanges must register with the agency to trade so - called security tokens.
Bitcoin was back on the defensive Thursday, as prices dropped below $ 10,000 after the U.S. Securities and Exchange Commission (SEC)
said digital asset exchanges must register...
Bitcoin was back on the defensive Thursday, as prices dropped below $ 10,000 after the U.S. Securities and Exchange Commission (SEC)
said digital asset exchanges must register with the agency to trade so - called security tokens.
Bitcoin fell Wednesday after the Securities and Exchange Commission
said digital asset exchanges must register with the agency.
Not exact matches
Earlier in March, the agency expanded its scrutiny and
said it is looking to apply securities laws to everything from cryptocurrency
exchanges to
digital asset storage companies known as wallets.
In March, the agency
said it is looking to apply securities laws to everything from cryptocurrency
exchanges to
digital asset storage companies known as wallets.
The commission
said if an
exchange was trading
digital assets that are considered securities, then the company must register with the commission or apply for an exemption.
«The [application programming interface] for the
exchange malfunctioned and sent sell orders into the market,»
said Brian Kelly, a CNBC contributor and head of BKCM, which runs a
digital assets strategy for clients.
Earlier in the day, the Securities and
Exchange Commission
said it will now require
digital asset exchanges to register with the agency.
«Platforms that engage in the activity of a national securities
exchange, regardless of whether that activity involves
digital assets, tokens, or coins, must register with the SEC or operate pursuant to an exemption,» Marc Berger, director of the SEC's New York Regional Office,
said in a statement.
Bitcoin began heading below the key $ 10,000 level earlier in March after the Securities and
Exchange Commission
said it will require
digital asset exchanges to register with the agency.
Japan's government
said on January 29 it would impose administrative measures on virtual currency
exchange Coincheck after hackers stole hundreds of millions of dollars in
digital assets from the Tokyo - based firm.
«The reason ripple is surging so much is it's a bubble,»
said Erik Voorhees, CEO of
digital asset exchange ShapeShift and a vocal advocate for bitcoin as a way to separate money and the state.
Bloomberg also notes that, at the Cboe event in Florida, the Winklevoss twins
said they «applaud» the U.S. Securities and
Exchange Commission's statement that
exchanges offering
digital assets which qualify as securities must register, or meet criteria for exemption.
In March, SEC regulators
said they would seek to apply securities laws on all aspects of the
digital currency market, including
exchanges and
asset storage facilities such as wallets.
On Tuesday, the popular cryptocurrency
exchange said the Coinbase Index Fund «will give investors exposure to all
digital assets listed on Coinbase's
exchange, GDAX, weighted by market capitalization.»
While decentralised
digital currencies have served as an excellent speculative
asset, the same can not be
said for their use as a medium of
exchange, store of value or unit of account.
«If a platform offers trading of
digital assets that are securities and operates as an «exchange,» as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration,» the commission said in its «Statement on Potentially Unlawful Online Platforms for Trading Digital Assets.
digital assets that are securities and operates as an «exchange,» as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration,» the commission said in its «Statement on Potentially Unlawful Online Platforms for Trading Digital Assets.&
assets that are securities and operates as an «
exchange,» as defined by the federal securities laws, then the platform must register with the SEC as a national securities
exchange or be exempt from registration,» the commission
said in its «Statement on Potentially Unlawful Online Platforms for Trading
Digital Assets.
Digital Assets.&
Assets.»
Coinbase, one of the largest crypto
exchanges in the world, published a post yesterday
saying they have not made any decision to add any additional
digital assets to either GDAX or Coinbase.
The statement from SEC,
said, «If a platform offers trading of
digital assets that are securities and operates as an «
exchange,» as defined by the federal securities laws, then the platform must register with the SEC as a national securities
exchange or be exempt from registration.»
«In addition to better highlighting the
exchange that Coinbase is becoming we're rebranding as GDAX, which stands for Global Digital Asset Exchange,» White said in an interview to C
exchange that Coinbase is becoming we're rebranding as GDAX, which stands for Global
Digital Asset Exchange,» White said in an interview to C
Exchange,» White
said in an interview to CoinDesk.
Coinbase has launched a redesigned version of its website, an unveiling it
said marks its transition from a wallet to a
digital asset exchange.
Gupta explains that the central bank is planning to launch its own «
digital rupee» and jokingly
says maybe the government will allow
exchanges to deal in that
asset.
«The reason ripple is surging so much is it's a bubble,»
said Erik Voorhees, CEO of
digital asset exchange ShapeShift and a vocal advocate for Bitcoin as a way to separate money and the state.
Currently, though some platforms may
say they have «strict standards to pick only high - quality
digital assets to trade» these standards are not reviewed by the SEC, and they «should not be equated to the listing standards of national securities
exchanges».
We at AlphaEx.net aim to be one of the best
digital asset exchanges platform that will be fully compliant with the existing laws and framework»
said Peter Yeo, Compliance advisor at AlphaEx.net
The statement also hints at the further scrutiny of cryptocurrency
exchanges to protect investors,
saying, «the SEC staff will continue to focus on platforms that offer trading of
digital assets and their compliance with the federal securities laws.»