Community currencies encryption is still very aware of the implications of regulatory changes in the US.
Experts suggest that the SEC will mark trend in Europe.
After another brutal week for criptodivisas market, with volatility high voltage encryption coins do not let up and operate in positive territory on Monday, with rises reaching double digits in bitcoin cash. The bitcoin, meanwhile, soars to $ 9,600 and put some ground between the minimum of almost a month Friday at $ 8,500.
The day March 9 left a new bathroom is blood in this market, initialing a week during which some of the ‘altcoins’ had been reached leave a 30% and bitcoin experienced a drop of 26% from the peak two weeks, $ 11,500, March 5. A cocktail of negative news, especially from the regulatory front, returned to curb capital inflows from investors and accumulated more than 1500 coins and tokens he collapsed, too, up to one-month lows. Monday is recovered to almost 400,000 million.
In addition to the boom in Satoshi Nakamoto and its first branch, the ethereum back to $ 730, the ripple does to $ 0.82 and less litecoin is who benefits from purchases and stays playing the 190 dollars.
US gets tough on platforms TRADE
The renewed regulatory pressure coming from the US, where the Commission Futures Exchange (CFTC for its acronym in English) has announced it is working with financial supervisors from other countries to impose new regulations on ‘crypts’, led to the decline in prices now recovering. In an appearance before the US Senate, the president of this entity, J. Christopher Giancarlo, has reported that collaborate closely with the Commission of the US Securities and Exchange (SEC English). He has also reported contacts with the International Organization of Securities Commissions (IOSCO for their Diglas) and other European agencies.
But the bombshell has starred in the SEC, when it announced that criptodivisas sharing platforms must register with the regulator and subject to the rules that govern it. In a statement, the US brokerage noted that these “potentially illegal” platforms may be giving investors a sense of security labeling themselves unmerited themselves as “bags”. The regulator said they need to register with the SEC as a national securities exchange or regulated alternative trading system.
In practice, this action means that the controller considers all tokens are listed securities. The regulator has put its red lines on the hot debate in the crypto community among the tokens ‘security’ and ‘utility’. In fact, “has left very little room for seconds,” says Pablo Moreno de la Cova, co-founder of Icofunding.
But it is not the only consequence. In addition, quarantines retail investor access to criptomonedas because to operate in regulated exchanges, “a securities account is required,” says the expert coins encryption. And shoot to kill against the initial emissions tokens (ICOS), which is to see whether they can continue to make as far, at least in its initial public offering, adds Moreno de la Cova.
ICOS you survive?
An increase of 800% in 2017 and more than 5,000 million raised, this type of emissions virtual currency is an alternative to venture capital, which is basically the dominant model until recently. But the decision of the SEC returns the model to preserve institutional investor, as a tendency to “give more weight to the pre-ICO-or private- issue, in which inflow of funds of this type seeks” observed, indicates Moreno Cova.
CFO platform broadcasts Spanish tokens believes that the US agency will set the trend as “regulators around the world will do the same” and expects a similar resolution by the European Securities Authority and Markets (ESMA) for its acronym in English.
After the ban on ICOs in China, half a year ago, and the tight siege to which it is subjecting the crypts in many other countries, there is still a glimmer of hope platforms decentralized exchange as Robinhood, Bitsquare and soon Eosfinex , the broker Bitfinex. “You can not regulate these sites because they are basically software unowned”, concludes Moreno de la Cova.