A lack of US regulatory oversight and an absence of surveillance sharing agreements between bitcoin exchanges both contributed to SEC (the US Securities and Exchange Commission's) decision to refuse to authorise the Winklevoss Bitcoin Trust exchange traded fund. The latter objection was fuelled by concerns of market manipulation following an alarming drop in Chinese bitcoin trading volumes after fee-free trading was suspended early 2017. These objections are seen as posing a serious challenges to the eventual authorisation of bitcoin ETFs, according to Moe Adham, the CEO of Bitaccess.
A lack of US regulatory oversight and an absence of surveillance sharing agreements between bitcoin exchanges both contributed to the US Securities and Exchange Commission's (SEC) decision to refuse to authorise the Winklevoss Bitcoin Trust exchange traded fund. The latter objection was fuelled by concerns of market manipulation following an alarming drop in Chinese bitcoin trading volumes after fee-free trading was suspended early 2017. These objections are seen as posing a serious challenges to the eventual authorisation of bitcoin ETFs, according to Moe Adham, the CEO of Bitaccess.