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The launch of Bitcoin-ETF will attract billions of "institutional dollars" to the market

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The launch of the first Bitcoin-ETF may attract several billion dollars to cryptospace, said Gabor Gurbacs, director of digital assets at VanEck.

Gurbucks made his prediction in an interview with the program Ran Ran Neuner (Ran Neuner) Crypto Trader on CNBC, explaining the possible consequences of the approval of Bitcoin-ETF. In his opinion, it is very likely that “institutional dollars” will enter the bitcoin industry through securities, mainly because ETFs can provide the greatest protection for investors and minimize risks.

“Now, 90 to 95% of digital assets are retail. People invest using trading platforms that offer a low level of security. Investors are not used to this , ”said Gurbaks.

According to him, safe bitcoin financial instruments will become similar to the traditional ETF. Gold ETFs, for example, offer the same security measures as the upcoming Bitcoin funds in VanEck. Given that the SEC approved the first, we can expect that the same will happen with the second.

“Our gold ETFs have already reached the level of several billion, ” added Gabor.

I would not be surprised if Bitcoin-ETF comes out on the same numbers. ”

In addition, Gurbucks explained that his company had introduced institutional security measures that would reduce opportunities for manipulation.

“If there are market manipulations, this is a problem. We will do everything in our power, ” Gurbaks concluded.

As we have already written , blockchain investor Oliver Isaacs (Oliver Isaacs) believes that the approval of cryptocurrency funds (ETF) that are traded on the stock exchange by the US Securities and Exchange Commission (SEC) will lead to the further spread of bitcoin. When the first ETF was created in 2003, as a result, the price of gold increased by 300%. If the same thing happens with Bitcoin, its price can skyrocket up to $ 22,500, according to Isaacs.


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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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