Iran welcomes bitcoin

Iran High Council of Cyberspace has approved bitcoin and other cryptocurrencies
27 November 2017   809

HCC is the main instance to decide the fate of cryptocurrencies in Iran. And it has declared that the bitcoin and others cryptocurrencies are welcome in Iran if they are subject to certain rules. The Iran Central Bank are studying virtual currencies, because they have captured the attention of the world.

Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side.

Nasser Hakimi

the head of CBI’s Innovative Technologies Department

CBI has not developed some definitive regulations for currencies. But a lot of Iran people are using Bitcoin, be it purchasing, selling or mining it, and dealing with it in exchange shops, creating content and establishing startups. In total, CBI will develop 6 documents to regulate fintechs and cryptocurrencies. Some of them will be published in March 2019, two have already been published, a third will appear in December, and the fifth one about cryptoconcession - in September 2018. Also HCC will continue to study and evaluate pros and cons of virtual currencies.


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.