Bitcoin-backed ETF’s on SEC radar again

Bitcoin-backed ETF’s on SEC radar again

Yet again, the SEC is seeking public feedback on an application for a Bitcoin-backed ETF (Exchange-traded Fund), that would provide investors with direct exposure to cryptocurrency – rather than just tracking price movements as a derivative. The call for comment was made in response to a proposal submitted by Chicago-based derivatives exchange CBOE (Chicago Board…

Word around the world: Crypto takes aim at banks

Word around the world: Crypto takes aim at banks

India: An Indian official has redacted the government’s “official” blanket ban on cryptocurrencies, saying “I don’t think anyone is really thinking of banning it (cryptocurrencies) altogether”. Instead they could be classified as commodities, the official told Quartz.  In April, the Reserve Bank of India (RBI) issued a mandate to banks to cease facilitating services to customers involved…