The US Securities and Exchange Commission – SEC – will reconsider its decision to reject the creation of the bitcoin-based Winklevoss ETF.The SEC denied approval for the Winklevoss ETF on March 11st.After the refusal to approve the bitcoin ETF for trade on the Bats BZX exchange, the SEC decided to reconsider this decision.Additionally, the SEC is currently considering an Ethereum ETF too.The BATS exchange launched a petition in behalf of the Winklevoss ETF to have a new review.The SEC approved this petition, and Fortune Magazine announced the SEC’s decision to reconsider.The review will open the door to further comment on this bitcoin ETF by May 15th: “Pursuant to Rule 431 of the Rules of Practice,11 BZX’s petition for review of the Disapproval Order is granted.Further, the Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017.” Apart from reconsidering the Winklevoss ETF, The SEC is also moving ahead with the review of the EtherIndex Ether Trust.

The fund hopes to get the approval necessary to trade on the New York Stock Exchange.This Ethereum fund is a quite similar to the Bitcoin ETF, but as far as the underlying asset, Ether is fundamentally different than bitcoin.This might give it a better chance of gaining the approval of the SEC.bitcoin robot discountThe agency in charge of this Ether fund explained the differences between the two cases, in a short statement: “The Exchange represents that unlike bitcoin, ether was not designed to function purely as a store of value.ethereum licenseInstead, Ether was meant to pay for specific actions on the Ethereum Network.” However, according to the Exchange, “Ether’s market is currently supported by many of the same online exchanges and the same infrastructure that was developed around the bitcoin network.” The SEC declared that “The Commission is instituting proceedings pursuant to Section 19(b)(2)(B) of the Act11 to determine whether the proposed rule change should be approved or disapproved.” Hopefully, the SEC will approve the Ether fund, because the underlying asset is different than that of the Winklevoss ETF.50 mh/s bitcoin

Nevertheless, there is still a chance that the SEC rejects both, given that the markets for both assets are still unregulated.This makes the SEC decision to reconsider the Winklevoss ETF and its willingness to consider any other fund based on cryptocurrency, difficult to understand.bitcoin mlpSkip to content Share this: El día de hoy, la Comisión de Estados y Valores (SEC) rechazó la solicitud de los hermanos Winklevoss para que Bitcoin se convierta en un fondo cotizado.cashout cvv to bitcoinEl precio de Bitcoin ha caído de inmediato tras la noticia.bitcoin simple voucher*** Tras tres años buscando que la SEC aprobara que el primer ETF (fondo cotizado) de Bitcoin sea aceptado, hoy los hermanos Cameron y Tyler Winklevoss se han enfrentado a la triste noticia de que su solicitud ha sido rechazada.

El comité de la SEC ha señalado que no encuentra consistente la propuesta con los requerimientos internos relacionados a evitar actividades fraudulentas y prácticas manipuladoras que podrían afectar a los inversores.Asimismo, la SEC ha indicado que la poca regulación de los mercados de Bitcoin ha llevado a que la solicitud no proceda, de acuerdo con Financial Times.Motivo de la decisión “La comisión está desaprobando esta proposición de cambio de reglas por que no encuentra que la proposición sea consistente con la Sección 6(b)(5) del Acto de Intercambios, la cual requiere, entre otras cosas, que las reglas de un intercambio de seguridades nacional esté diseñado para prevenir actos fraudulentos y manipulativos, y prácticas que protejan a los inversionistas y los intereses del público.Le Comisión cree que, para estar a la altura de este standard, una casa de cambio que lista e intercambia acciones de mercancia-confiable (“ETPs”) debe, en adición a otros requerimientos aplicables, satisfacer dos requerimientos que son dispositivos en este asunto.

Primero, el intercambio debe tener acuerdos con respecto a las responsabilidades de vigilancia con mercados significativos para el intercambio de la mercancía o de los derivativos de dicha mercancía.Y segundo, esos mercados deben ser regulados.“ Mientras tanto, como consecuencia de la decisión, el precio de Bitcoin ha sufrido una caída de casi 9% con respecto a su precio hace 24 horas.Para el momento de publicación de esta noticia, 16:40 hora de Nueva York, el precio ronda en los $1.070 dólares.Fuente: SEC Share this:Me gusta: Related postsThe latest development out of Moscow is that Russia's largest bank, Sberbank, and the Federal Antimonopoly Service (FAS) have launched a pilot program to increase the speed, reliability, and quality of exchanging documents, using blockchain technology.Called “Digital Ecosystem for Exchanging Documents,” the project uses a blockchain for storing documents, allowing them to be transferred anywhere with an internet connection almost instantly, while electronic signatures make them cryptographically unforgeable.

Sberbank is the largest bank in Russia and all of eastern Europe by assets, and the third largest in Europe.At 175 years old, it has been both fully private and fully nationalized, but now exists with 51 percent ownership by the central bank of Russia, and the rest by private investors.With gross assets in January 2016 of 22 trillion roubles, or about $360 billion USD, Sberbank is worth just slightly less than the entire Russian Federation's monetary reserves.The Russian Federal Antimonopoly Service (FAS) is a central government department that exists to combat unfair business practices, and oversees antitrust law.Many industry-specific departments exist under FAS, including the Department for Control over Financial Markets and the Department for Control over Foreign Investment.Additionally, FAS regulates natural monopolies within the Federation.The project team also includes Russian companies that could use similar solutions, including Aeroflot, Russian Coal, and ForteInvest.- Stepan Kuznetsov, Managing Director of Sberbank's Shared Services Department The Russian Federation has an on-again, off-again attitude toward blockchain technology.

A local Law previously banned any "surrogate" currency, including "virtual money" that isn't approved by the Central Bank of Russia.The laws been on the books since before bitcoin's creation, and stipulated that entities introducing their own digital currencies faced fines of up to US$25,000.Distributors such as exchanges and sellers of surrogate currencies faced correctional labor, including being sent to a gulag for two years.However, no Russians have been convicted of these charges.Several further bills to ban bitcoin have been proposed since 2014, but none have been passed by Russia's legislative house.The latest bill to propose an outright ban came in April.Three months later the leader of the Kremlin-allied Growth Party, Boris Titov, called for more blockchain research and a “ban on bans,” while claiming that more than two million people used Bitcoin in Russia.- Boris Titov, Russian politician and businessman Within a few days every Russian newspaper had a headline about bitcoin and blockchains, and the Deputy Finance Minister of Russia, Alexei Moiseev, had the innovative idea of making bitcoin an official foreign currency.

“The use is limited to issue foreign money in Russia is impossible.But currency can be bought, put in your pocket and go abroad,” the Finance Minister said.He planned to introduce a bill clarifying bitcoin in this way by the end of 2016.On August 12, the main anti-bitcoin bill was formally abandoned.Sberbank started regularly talking about blockchains and joined a Russian blockchain consortium with the Central Bank of Russia.The banks plan to use a permissioned blockchain by Hyperledger, and have already completed a six-month test to estimate the consortium's usefulness.Other government projects, such as the Active Citizen voting network, with over 1.3 million users, started speaking up as well, telling the press that they feel blockchain technology's legal status is stifling progress.By the end of August, Moiseev was in the media discussing blockchain technology again, this time coming out against the previous "frontal prohibition" bill on Bitcoin.However, the Deputy Director of RosFinMonitoring, the country's anti-counterfeiting agency, warned that the economy could “lead to total collapse” due to the use of cryptocurrencies, including Bitcoin.

- Deputy Director Livadny, RosFinMonitoring (translated) Sberbank's CEO Herman Gref, who happens to be the former Economic Development Minister, has been one of Bitcoin's most outspoken proponents in Russia this year.He opposed a bitcoin banning bill with Moiseev, advocating for less regulation of the nascent technology.Gref argued that the country's tech sector would risk falling behind other nations if they ban bitcoin, and predicted a technological regression in Russia should they ban the exchange of bitcoins for rubles.“In my view, it is critically important to determine the role and position of the government and even better to stimulate instead of prohibit the development of groundbreaking technologies, namely the blockchain,” said the Sberbank CEO., was then blocked by Russia's firewall.As the most popular way to get bitcoins in the country, the Finnish company very quickly put together some instructions to get around the blockade.Trading volumes dipped a little, before quickly resuming.