Coinsource to bring its Bitcoin ATMs to Washington D.C.

Coinsource plans to deploy 20 new Bitcoin ATMs in D.C. metropolitan area after receiving a significant demand from local users
13 April 2018   595

Bitcoin ATMs are quite popular with the folk in the US. And now Washington D.C. is the next city to receive several new machines courtesy of Coinsource – one of the important players in the United States' Bitcoin ATM market.

Right now the US capital has only five machines operated by different companies. Coinsource plans to turn the market by deploying twenty new ATMs in D.C. metropolitan area - twelve in Washington D.C., five in Baltimore and one each in Towson, Oxon Hill and Takoma Park. This move will instantly make Coinsource the largest Bitcoin ATM operator in the region.

“We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration.This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”, said CMO of Coinsource, Bobby Sharp

First quarter of this year was quite busy for the company – they installed 10 new machines in Massachusetts, New Hampshire and Rhode Island. Also, last week Coinsource deployed eight new machines in Denver, Colorado.

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   145

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.