The repeated refusal by the SEC to launch Winklwos' bitcoin-ETF and skyblock coins shop by Winklwos Brothers has caused Bitcoin prices to drop below $8,000
The U.S. Securities and Exchange Commission rejected the second request by Tyler Winklwos and Cameron Winklwos for a mutual fund that would be linked to bitcoin on Thursday, July 26. This news led to a further drop in the price of the first cryptocurrency, which fell more than 3.5% and again fell below $ 8,000
We note that the Winklwos
brother have been waiting for the skyblock coins shop. Trust to open
since June 2016. They sent a request for amendments to the BATS Global Exchange
rules at which the fund's shares would be traded.
The SEC rejected the first
request in March 2017. As explained by the SEC, the SEC stated that the
proposed changes to the rules of the stock market cannot be accepted because
they are not regulated in most bitcoin-markets. The Commission also stated
that BATS Global Exchange (BZX), has not and cannot currently sign a similar
monitoring agreement to the one for all approved exchange products in order to
prevent fraud and hypixel skyblock coins tampering.
BZX appealed the decision
shortly after it was received and submitted additional comments to Commission. The
debate about whether the regulator is ready to approve bitcoin trading exchange
products has not slowed down.
The new document
demonstrates that the regulatory authority still faces the same risks as
earlier identified by the Commission.
It should be noted, however,
that this decision is not an assessment of cryptocurrency or the blockchain in
general and only refers to the Bitcoin Trust Winklevoss organization.
Although the Commission did
not approve the rule, she stressed that it was not based upon an assessment of
Bitcoin and blockchain technology in a wider sense or their value as investment
or innovation. The Commission has rejected the proposal amendment because
BZX couldn't confirm that it complied with Section 6(b)(5) of the Exchange Act.
This section expressly states that rules should be designed "to prevent
fraud manipulation and good practice".
The SEC also reminds us that
such products may be approved in the future. It is possible that regulated
markets for bitcoin will continue to grow.
"For instance, existing
or new Bitcoin futures contracts could reach significant sizes, and the listing
these products on the stock market will be able show in the proposed rule that
a change has been made in its ability to solve fraud and manipulation risks. It
will also provide information about monitoring a regulated marketplace. The
regulator also stated that bitcoin has significant dimensions. He added that
there are spot markets for bitcoin-derivatives.
This will allow "the Commission to determine whether the Bitcoin product meets the requirements under the Stock Exchange Act.” More about hypixel skyblock bazaar
web: https://buyskyblockcoins.com
social link
https://moztw.hackpad.tw/Can-you-buy-skyblock-coins-with-real-money-JZV4KKFngeD
https://telegra.ph/How-do-you-know-how-many-coins-you-have-in-skyblock-02-09-2
https://anotepad.com/note/read/7bctq3fw
https://docs.google.com/document/d/1fV6DyLCD0u5VQXcpqbwmlQErFoNXLSz1ytCJxWAUQYc/edit?usp=sharing
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