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​US Securities Suspends Trading in Bitcoin and Ethereum Tracker One

2018-09-10 11:41 am | Resource: News Section | No Views : 259

​US Securities Suspends Trading in Bitcoin and Ethereum Tracker One US regulators have banned the trading of Bitcoin bonds and the XBT's Ethereum Tracker One on Sunday (September 9th).
Because of confusion among investors, it issued the Securities and Exchange Commission (SEC) notice that the securities traded bonds (ETNs) - Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF") - will stop trading until 20 September.
"The committee has temporarily suspended trading in CXBTF and CETHF due to confusion among market participants regarding these instruments," the SEC said in a statement.
"The Committee warns its clients of financial intermediaries, shareholders and potential buyers that they should carefully consider the above information in addition to all the information currently available and any subsequent information about the company."
XBT has been running Bitcoin Tracker One since May 2015 when it became the first BitNetwork-based ETN available on an organized exchange, first appearing on NASDAQ in Sweden.
Ether Tracker One joined in October 2017 to reach the same level, while XBT has also issued a Bitcoin and Ether Tracker Euro Options.
Meanwhile, the Securities and Exchange Commission warned brokers about strict compliance requirements in its recent temporary ban.
"If any intermediary or trader enters into any quotation in violation of the rule, the Commission will consider the need for immediate action to be taken," the statement said.
The moves of the Securities and Exchange Commission in the middle of the test time for investors in the digital currencies against the regulatory institution in the United States has recently rejected the regulatory body a large number of applications for the fund traded on the Stock Exchange (ETF).

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