Danish central bank warning on deadly bitcoin

Head of Danish central bank said that if people decide to ignore his warnings, they should realize that they are pretty much on their own
18 December 2017   1110

Head of Danish central bank Lars Rohde said in an interview with state broadcaster DR that potential investors in bitcoin should steer clear of a dangerous gamble and not complain to financial regulators if things do go wrong.

I see bitcoin as tulipmania, which is a bubble that is out of control. It is not a regulated market. It is not the responsibility of the authorities. It is the responsibility of the individual. You should stay away from bitcoin. It is deadly.

 

Lars Rohde

Head of Danish central bank

The comments echoed concerns of a bubble about to burst made by other market participants and central bankers after the price of bitcoin rocketed more than 1,800% since the start of the year.

Last week, the Danish central bank said that introducing a digital version of the Danish crown currency would pose risks to financial stability without improving payment solutions for Danes.

Recently, we have reported that the Danish Foreign Ministry investigates how blockchain technology might solve problems in providing development aid.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   105

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.
 

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.
 

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.