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Investorideas.com - #CryptoCorner: CBOE Withdraws Rule Change That Would Allow Bitcoin ETF, New York Approves Two New BitLicenses, Galaxy Digital to Fundraise $250 Million for Crypto Credit Fund and IMF Criticizes Malta’s Blockchain Policies
#CryptoCorner: CBOE Withdraws Rule Change That Would Allow Bitcoin ETF, New York Approves Two New BitLicenses, Galaxy Digital to Fundraise $250 Million for Crypto Credit Fund and IMF Criticizes Malta’s Blockchain Policies
January 24th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - January 24, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
CBOE Withdraws Rule Change That Would Allow Bitcoin ETF, New York Approves Two New BitLicenses, Galaxy Digital to Fundraise $250 Million for Crypto Credit Fund and IMF Criticizes Malta’s Blockchain Policies
According to a recently published notice, Cboe BZX Exchange, Inc. has withdrawn a proposed rule change that would have allowed trading of a bitcoin ETF issued by VanEck and SolidX. In an interview with CNBC, VanEck CEO Jan Van Eck explained that the government shutdown had stalled talks regarding the ETF proposal.
"The SEC is affected by the shutdown. We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. And so, instead of trying to slip through or something, we just had the application pulled and we will re-file and re-engage in the discussions when the SEC gets going again."
A press release from New York's Department of Financial Services (DFS) today indicates that the regulator has approved BitLicense applications of Robinhood Crypto LLC and crypto ATM provider LibertyX. Financial Services Superintendent Maria T. Vullo commented:
"DFS continues to lead the way in responsibly supervising and advancing innovation in New York's flourishing financial technology sector through a strong state-based regulatory regime. Today's approvals add to the growing list of responsible virtual currency providers who recognize and appreciate how a comprehensive regulatory framework fosters a competitive marketplace that benefits both consumers and industry."
CoinDesk reports that crypto merchant bank Galaxy Digital is raising $250 million to build a credit fund. According to "people familiar with the matter", the fund would offer loans in U.S. dollars to struggling crypto firms and loans would have to be backed by collateral such as crypto tokens, crypto mining devices and property. The first round of fundraising is expected to close in March.
The Times of Malta reports that an International Monetary Fund (IMF) mission has said that "the growth of blockchain in Malta created significant risks of the financial system being used for money laundering and terrorism financing". The mission also criticized the volume of activity in the crypto space on "Blockchain Island".
"The increasing number of financial entities under supervision, the rapid development of new products, the evolving regulatory environment and the tightening of the labour market have put the Malta Financial Services Authority under considerable strain."
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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