The post [Guest Post] Florida Appellate Decision Expands Scope of Money Transmission Laws When Using Bitcoin appeared first on CoinReport.
A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation. By the end of the hearing, the presiding judge wouldn’t make a decision on which firm would play counsel for QuadrigaCX’s clients, though he promised a decision within the week.
On January 7, CCN reported that the Financial Services Agency (FSA) of Japan is considering the approval of the country’s first Bitcoin exchange-traded fund (ETF). With the final deadline of the VanEck Bitcoin ETF on the horizon, could the approval of a Bitcoin ETF in Japan have an impact on the decision of the U.S.
The post Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision? appeared first on CCN
As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin.
While Ohio is first in actually implementing this for its business residents, it’s certainly not the first one to try. Other U.S. states, like Illinois, Arizona, and Georgia have previously attempted to pass legislation allowing state taxes to be paid with cryptocurrency; however, such attempts have been rejected by state lawmakers or have not yet taken final form.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.
The SEC stipulates that the commission must either approve or disapprove a proposal no later than “180 days after the date of publication of notice of the filing of the proposed rule change.” However, there is a special clause that permits the agency to extend this period by 60 days.
The Securities and Exchange Commission delayed making a decision on VanEck’s bitcoin ETF (exchange-traded fund) application until February 27, 2019. The postponement was largely expected, as 2018 draws to a close amid the ongoing crypto bear market. “The Commission finds it appropriate to designate a longer period within which to issue an order approving or
The post As Expected, SEC Delays VanEck Bitcoin ETF Decision Until February 27 appeared first on CCN
In August, the SEC announced that it would review the denials of Bitcoin (BTC) ETF proposals made by ProShares, GraniteShares and Direxion, as the original decisions were actually made staff members and not the actual Commision. According to recent SEC filings, the deadline for comments regarding the decision has finally come, and all statements must be submitted […]
The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene.
The United States Securities and Exchange Commission (SEC) have had a huge burden to carry this month, that is, the deadline for a decision to be made on the VanEck-SolidX Bitcoin ETF application. Frustratingly, a decision was expected to be made this month as the deadline had already been further delayed, though it now seems apparent that the SEC do have the capacity to just keep extending deadlines, leaving the Bitcoin community in limbo.
This new extension will mean no decision needs to be made until the 29th of December 2018.
The U.S. Securities and Exchange Commission (SEC) on Thursday stayed three orders denying bitcoin ETF applications that sought to list a total of nine such funds on regulated exchanges including NYSE Arca. Those orders, as CCN reported, were issued on Wednesday, further confirming the agency’s hesitancy to make cryptocurrency more accessible to retail investors through
The post Newsflash: SEC Stays Wednesday Decision Denying Bitcoin ETF Applications, Commission Will Review appeared first on CCN
Despite what Tom Lee suggested back in July, the technicals of Bitcoin (BTC) haven’t behaved all that well since the string of bearish decisions by the U.S. Securities and Exchange Commission (SEC) regarding the approval of the various exchange-traded funds (ETFs) backed by the digital currency. The issues began last month when the SEC rejected the Winklevoss Twins’ […]
The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year.
Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.
“Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-CboeBZX-2018-040),” the statement reads.
The U.S. Securities and Exchange Commission (SEC) has delayed their decision on the commodity-backed Bitcoin ETF. The final determination is pushed ahead, as expected.
The Waiting Begins
In a notice dated August 7, the SEC announced they are pushing back the decision on what would be the very first regulatory approved Bitcoin00 exchange-traded fund (ETF) in the U.S.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.
At this point in the industry’s development, securing an ETF has become the space’s institutional albatross, the elusivity of which hangs over each successive rejection. The most recent filing was the Winklevosses’ second attempt to list a bitcoin-backed ETF, the first being shot down last year.
The U.S. Securities and Exchange Commission (SEC) has postponed the review of Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision. In the July 24, 2018, edition of the Federal Register, the SEC said it was postponing its decision on the five ETFs till September 21, 2018.
The five ETFs, which were filed in January, include Direxion Daily Bitcoin Bear 1X Shares, Direxion Daily Bitcoin 1.25X Bull Shares, Direxion Daily Bitcoin 1.5X Bull Shares, Direxion Daily Bitcoin 2X Bull Shares, and Direxion Daily Bitcoin 2X Bear Shares.
The United States Securities and Exchange Commission (SEC) has postponed its decision on the Direxion Bitcoin exchange-traded fund (ETF) filing until September 2018. The SEC is yet to approve any of the Bitcoin ETF applications it has received despite the sustained clamor from various stakeholders.
SEC Delays Bitcoin ETF Decision Until September
Arca Inc., submitted a rule change filing to the SEC in January 2018 seeking approval to list and trade shares of five Direxion BTC ETFs. Direxion Asset Management LLC announced plans to list their Bitcoin ETFs on Intercontinental Exchange Inc’s NYSE Arca pending the approval of the SEC.
A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses sent to the regulator is 10X the amount that was sent this past April.
Following SEC’s announcement which separated both Bitcoin (BTC) and Ether (ETH) from securities, CBOE’s President said that this could increase the chances of regulators signing off on Ethereum futures.
The Market Rebounds
On June 14th, the SEC officially announced that it won’t consider Bitcoin bitcoin and Ether as securities, thus putting the long wait to its end. Naturally, the market responded immediately.
Despite being in a state of major correction, the overall cryptocurrency market saw gains of almost $ 20bln in just a few hours after the news broke out, marking an increase of almost 7 percent according to CoinMarketCap.
A Russian court has overturned a previous court decision to block a bitcoin-related website because it contains information about cryptocurrencies. The Supreme Court ordered the city court to hear the appeal.
Russian Court Overturned Previous Decision
The St. Petersburg City Court has overturned the ruling of the Vyborgsky District Court of St. Petersburg to block the Bitcoininfo.ru website in Russia.
“The St. Petersburg City Court quashed the decision of the district court to recognize the information posted on the Bitcoininfo.ru website,” Tass reported the city court explaining on Monday, June 4.