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July 21, 2018, 07:08:49 PM |
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The SEC sees two main problems or reasons for Bitcoin-ETF. 1 - the Lack of global regulations for cryptocurrencies and cryptocurrency exchanges. 2 - security Issues or lack of insurance of crypto-investors, for example, hacker attacks and loss of private keys. I note that most of the major exchanges are located in Japan and South Korea, they are regulated in both countries, so the first reason is to some extent solved. On the second point, the CBOE group made a statement that they are ready to take full responsibility for the investors ' funds. Thus, both major issues are likely resolved, which is what the SEC expected, so they are likely to be the first to launch Bitcoin-ETF.
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