Bitcoin ETF is like the one tool to bring trading into a more regulated space, says VanEck Director of Digital Assets

Gabor Gurbacs, the Director of Digital Asset Strategy at VanEck, spoke about the SEC’s and CFTC’s role with the VanEck ETF, during a podcast episode on WhatBitcoinDid. He also spoke about why the commission should approve of the proposed rule change.

Recently, the US Securities and Exchange Commission released a statement regarding the VanEck ETF, which enunciates the postponement of the approval or disapproval of the proposed rule change. The notice also reinforces that the decision would be made next year, February 27, 2019. However, the statement did not come as a surprise to VanEck as they were expecting the commission to close on this decision and are expecting it to be finalized by the beginning of March 2019.

Gurbacs started by speaking about the role of the SEC and the CFTC with Bitcoin ETF. He stated that Bitcoin [BTC] is completely under the regulation of the Commodity Future Trading Commission [CFTC] ever since it was deemed as a commodity in 2015. However, an exchange…

Read Full Story : AMBCrypto

2018-12-08 17:30:30

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