SEC Called to Cancel All Bitcoin ETF Applications

SEC has serious concerns about the securities industry’s plans to create exchange-traded funds based on cryptocurrency
19 January 2018   185

The Securities and Exchange Commission of US expressed serious doubts about the liquidity and price volatility of the cryptocurrency and related products. The department believes that the activities of exchange investment bitcoin-funds at the moment will not meet the requirements of the regulator. This is reported by TechCrunch.

Until the questions identified above can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them.

Dalia Blass

Director of the division of investment management, SEC

Blass also stressed that the Commission is concerned about the wide possibilities for manipulating the cryptocurrency market and the frequent application of the arbitrage trading strategy.

In addition, the SEC doubts that many financial institutions are eager to act as trustees and guarantee the security and security of the crypto-currency assets of such funds.

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   211

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.