The Federal Council must provide clarity on issues of Bitcoin regulation, thus the location of Germany is also for foreign companies more attractive. And what you’ve missed in the past week, in the regulatory-ECHO.
By Phillip Horch
16. September 2019BTC$10.155,32 -1.19%part Facebook Twitter LinkedIn xing mail
Bitcoin and regulation, not together as before. However, a lot has happened in the international Ecosystem – what could you have missed her last week.
Bitcoin ETF: The VanEck-Light Version and their signal effect
VanEck is not tired, its Exchange Traded Fund (ETF) for Bitcoin in the US stock exchange supervision through boxes. The Securities and Exchange Commission (SEC) has, however, concerns. In an Interview with Jan van Eck has announced Details for the current Light Version of the BTC ETF. In it came also to the language, why these might have a signal function for the SEC.
the Swiss Finma to Facebook’s Libra: „International action is essential,“
The Swiss financial market Supervisory authority (Finma) has to deal with the possible admission of Libra apart. However, the Facebook Coin still meets with resistance. A lack of precedent and the novelty of crypto-currencies provide regulators with a difficult task. Accordingly, the Swiss Finma, also sees a need for action at the international level. So regulators in different countries need to work together to be the Libra Coin Lord – at least when it comes to the Finma.
Burundi bans Bitcoin-trading
No Bitcoin trading for Burundi. Because last week, the East African seized within the state to take drastic measures in regulatory issues. In short: BTC-trade in Burundi is illegal. Traders threaten accordingly, in the case of infringement in hard measures. Observers expect an attempt of the government to exercise political control on the capital market. The reason for the prohibition of currencies, the Central Bank, according to the volatility of Crypto.
Swiss Central Bank chief: monetary policy [display] Bitcoin, Ethereum, Ripple, IOTA, and the most well-known crypto-endangered Libra currencies on eToro trade. Why eToro? Free Demo account Mobile Trading App; payments by PayPal; a wide selection of various financial products (crypto-currencies, stocks, commodities, ETFs, foreign exchange, indices); Social Trading with a big international Community.
Now open a free live account
And once more: Libra and Switzerland. The head of the Central Bank, Thomas Jordan, sees in the project of the Zuckerberg group, a threat for the monetary policy. The same is true for similar stablecoins. They were as a means of payment unsuitable. However, a view was danger for the financial stability.
Bitcoin regulation: committees, call for more clarity from the Federal Council
the Various committees are calling on the Federal Council to create a clearer regulatory environment for cryptocurrencies. In order to promote Germany as a business location and stimulate the economy, it is urgently necessary to create clarity: with no guidelines, no growth.
More:
The Top Bitcoin and Blockchain News of the week: Thin air to Ripple Why Bitcoin SV to the Failure of The freedom of expression ECHO The Top Bitcoin and Blockchain News of the week#Bitcoin regulation#freedom of speech – to-ECHO#-regulation is doomed to Echo