CBOE RECOMMENDS THAT THE SEC ALLOWS BITCOIN EXCHANGE-TRADED-FUNDS

The exchange operator of CBOE Global Markets wrote a letter to the US Securities and Exchange Commission (SEC), recommending they not interfere in the development of a Bitcoin exchange-traded-fund (ETF) because they are similar to other commodity-based ETFs, March 23.

The SEC has been stepping up measures against crypto-related companies this year. On March 15 the SEC confirmed dozens of probes into cryptocurrency companies, issuing subpoenas to firms it suspects of flouting securities laws during initial coin offerings (ICO). Earlier this week, a source speaking to WSJ said that the SEC will increase its scrutiny in launching examinations into up to 100 hedge funds.

(Source: Cointelegraph), Image taken from: CryptoCoinsBuzz

 

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