The crypto-exchanger Coinbase requested the SEC to license the brokerage services.
The cryptocurrency exchange Coinbase appealed to regulators to obtain a license for the provision of services as a brokerage company. The license will allow the exchanger to operate in accordance with the requirements of the Securities and Exchange Commission, which can treat crypto-currencies as “securities”.
At the same time, the SEC does not yet have a clear definition of the Crypto-currency, and the agency recommends that investors proceed from the case-law Howey Co., which led to the development of the so-called Howey Test, which allows to determine whether a particular crypto currency is a security.
Coinbase wants to become a “google in the world of crypto”
Coinbase declares its firm intention to become “like Google in crypto-currencies,” and therefore is working to expand the services offered to customers, in this context, and considers a request to the Securities and Resources Commission on the possibility of brokerage services.
After receiving regulatory assessment of the regulator, Coinbase will officially consider crypto currency as a security that will attract more customers to the trading platform.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
