Bitcoin Embassy May be Opened in Atlanta

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community
01 March 2018   670

Chief Editor of the American Institute for Economic Research (AIER) Jeffrey Tucker proposes to create the Bitcoin Embassy in the United States, Atlanta, Hibusiness reports. The essence of the idea is that to unite supporters and create a friendly environment for participants in the crypto community.

That could be in April, depending on how fast we can build out the site, get the crypto ATMs in here, line up all the contractors and services, and so on. One of our services is a wallet recovery business, with a friend who works in Atlanta. The service is slammed with requests to recover lost bitcoin. He uses a variety of techniques and myriad of machines to bruteforce passwords and help people regain control of their money. That service now becomes a sector of the life of the Atlanta Bitcoin Embassy.
 

Jeffrey Tucker

Chief Editor, American Institute for Economic Research

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community. In addition, it will be possible to unblock the crypto-currency wallet if necessary - Tucker suggests creating a whole business to restore wallets.

Jeffrey Tucker decided to create the Bitcoin Embassy after he got acquainted with a similar community in Israel.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.