The price of this skyline skyrocketing has started the warning wave from the regulatory bodies. This European Central Bank (ECB) has approved the EU (EU) for regulating bitcoin, while the Associated Chambers of Commerce and Industry of India (ASSOCHAM) urged the Indian government to take legislative action against Bitcoin Have done These highly anticipated launches of institutional trading futures markets have prompted the Hong Kong Securities and Futures Commission (SFC) to warn the trademarks, which warn against the risks caused by the business of broken bitcoin futures markets.
"Record Prices Prompt Regulatory Warnings Regarding Bitcoin"
With it bitcoin appears, with the establishment of new all-time high level every other day, many institutions are moving forward for more regulatory action from the governments. Mr. Nowotny reiterated the situation that to regulate bitcoin, the legislative futures market stresses out and the ECB's record value is emphasizing on SPARC regulatory warning that cryptocurrency It will be on the EU to develop a regional judicial tool for the sector. "After all, we have to arrange it at the European level," said Mr. Nowotny.
ASSOCHAM Advocates ICO Ban
The Associated Chamber of Commerce and Industry of India, Chamber Secretary General DS Rawat has urged Indian Regulators to develop a policy framework for Bitcoin. This General Rawat expressed concerns about the ecological impact of the Bitcoin mining and also said that Indian startups are increasingly attracting as a vehicle to raise money for the initial Coin Prasad (ICO) Could the regulators ban the ICO?
"The Hong Kong Securities and Futures Commission Warns Against Trading Unlicensed Bitcoin Futures"
These documents are bid quote futures or will soon be launched in the United States by some well-established futures and commodity exchanges, which are controlled by the American Commodity Futures Trading Commission and are authorized by the Securities and Futures Commission ("SFC"). To provide automated business services, Hong Kong investors may be able to trade in bitcoin futures through an intermediary who is a member of these exchanges. These industries are being reminded that if any other business services related to bitcoin futures provide, then a party requires a proper license with SFC, which constitutes 'regulated activity'. Whether or not it is based in Hong Kong, despite its business activities targeting the Hong Kong public
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