Wednesday, December 11, 2019
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SEC will consider a decision to reject Bitcoin

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Washington: The US Securities and Exchange Commission announced that they will consider the decision of their employees to block nine exchange-traded funds that work with Bitcoin.

This was reported by the commission’s representatives on its official website.

“The SEC staff delegated authority to decide on such applications, which means that the commissars and the SEC chairman have the authority to review decisions if they want to,” the SEC said.

Virtual currency can be used to quickly move money around the world with relative anonymity, without the need to create a central authority, such as a bank or government. A fund with a currency can attract more investors and raise its price.

American economic research company Chainalys conducted a study of cryptocurrency wallets. According to the results of the work, it was found that most of the money was “destroyed” due to the loss of users of their private keys. The total loss is $ 20 billion.

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