SEC to 'Review' Bitcoin ETF Rejections, China’s Central Bank Warns of Blockchain, Crypto Frauds, Ohio Pitch's State As a Future Hub for Blockchain
SEC to 'Review' Bitcoin ETF Rejections
According to a CoinDesk report, the U.S. Securities and Exchange Commission (SEC) will review the disapproval orders for nine bitcoin ETFs issued on Wednesday.
Proshares, GraniteShares and Direxion will all have their previously denied proposals reviewed by senior SEC officials.
"The Office of the Secretary will notify you of any pertinent action taken by the Commission," Fields added. Similar language was used in two others letters, including another sent to NYSE Group and Cboe Global Markets." - via Coindesk.com
China’s Central Bank Warns of Blockchain, Crypto Frauds
In a statement published Friday, The People's Bank of China (PBOC) issued a warning to criminal actors participating in fraud in the blockchain and digital currency arena. The statement reinforces China's continued efforts to protect their domestic retail investor.
"The statement was jointly prepared by China’s central bank, the Public Security Bureau, the China Banking and Insurance Regulatory Commission, and two other state agencies. They agreed that many blockchain and crypto-related activities “are not really based on blockchain technology but are hyping the blockchain concept to raise funds illegally,” acting as Ponzi schemes."- via Cryptovest.com
Ohio Pitches State As a Future Hub for Blockchain
Speaking at a press conference on August 23rd, the Ohio House of Representatives Speaker, Ryan Smith, has stated Ohio's interest in attracting blockchain companies to the state. CoinDesk previously reported that Ohio introduced a bill in May 2018 that sought to treat smart contracts as "electronic records". No specific legislation related to blockchain was proposed.
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