European Central Bank wary of Bitcoin $10.000

A member of the ECB’s Governing Council Ewald Nowotny states that the rise of Bitcoin to $10.000 may affect the real economy
28 November 2017   1137

Ewald Nowotny, the governor of the Austrian Central Bank, who also serves as a member of the ECB’s Governing Council assumes that the rise of Bitcoin may affect the real economy, cause panic and shift the blame to central banks.

The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything…So we’re trying to understand whether bank activity in relation to cryptocurrency trading needs to be better regulated.

 

Ewald Nowotny

The governor of the Austrian Central Bank and a member of the ECB’s Governing Council

The rules and regulations in Europe allow for the easy buying and selling of cryptocurrencies. Europe holds Bitcoin in popularity, but additional altcoins are also widely available.

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   100

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
 

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.