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ETF Delayed: Crypto & Blockchain Recap, 8th December, 2018

Here are some of the major recent happenings of the crypto world that you probably need to know about.

ETF Delayed

The demands for the approval of an exchange-traded fund (ETF) linked to cryptos have been floating around for quite some time, but the regulatory body in charge, the United States Securities and Exchange Commission (SEC), has not been very lenient regarding it.

Just recently, the SEC was supposed to give its verdict regarding the ETF proposal put forward by VanEck and SolidX in collaboration with the Chicago Board Options Exchange. The regulator has now delayed its decision until February 27, 2019. The decision cannot be delayed further than this by the SEC.

The uncertainty around the approval of a bitcoin ETF is looming around for quite some time. The SEC has rejected several proposals until now and several reviews have also been turned down. It is a very important step for the crypto market. Let’s see how long till we see it happen.

Crypto Regulations Bills

Two bipartisan bills linked to the regulation in the crypto world have recently been proposed by U.S. congressmen Darren Soto (Dem.) and Ted Budd (Rep.). Prevention of price manipulation in the crypto world is also aimed through these.

The bills have been proposed to make the United States a leader in the cryptocurrency arena. In these bills, the official bodies of the U.S., such as the Commodity Futures Trading Commission (CFTC), are asked to present legislation regarding this world so that protection could be given to individuals and businesses in this space.

The bills also aim at exploring the aspect of manipulation in the crypto market and how it affects the investors. The aim is to then prevent investors through proper regulatory changes. Legislations for the growth and adoption of cryptos in the U.S. is also suggested in the bill. Research on crypto regulations across the globe is proposed.

It sure seems like a good news for the crypto world overall as more official acceptance will be attained as a result of such acts.

Coinbase Expands its Arms

Coinbase, one of the well-renowned names in the crypto world, is now exploring 31 different assets so that it could list them on its trading platforms. These 31 assets include both ERC-20 type tokens and the independent ones.

This was announced by the company on Friday. Now although the company is looking at listing these assets, it does not mean that all of these assets will be listed. And even if an asset is added, restrictions can be seen regarding its trading or its availability across different jurisdictions.

But all in all, Coinbase is surely looking to expand its area of operation.

SEE ALSO: `Crypto & Blockchain Recap: 7th December, 2018

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Ahsan Khalid

News editor of BlockPublisher, an Electrical Engineer with majors in software development. I present forward my insight on the latest happenings of the blockchain world. All views on my articles are my own. Email: ahsan@blockpublisher.com or editor.news@blockpublisher.com

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