Citadel-backed EDX نے Bitcoin، Ethereum، Litecoin، اور Bitcoin کیش کی فہرست کیوں دی؟ - کرپٹو انفو نیٹ

Bitcoin Cash, a spin-off from the oldest digital asset, has struggled to discover a market since launching in 2017. However it’s been on a roll this month: for the reason that begin of June, Bitcoin Cash (BCH) is up 98%, leaping from $113 to $224.

The marginally obscure digital asset—one in all many کریپٹو کرنسی "فورکس"—is following Bitcoin, like many different cash and tokens which have surged in worth for the reason that largest digital asset ایک رن کا تجربہ کیا. However BCH is doing by far the very best.

What’s the rationale? The coin is likely one of the fortunate 4 chosen for EDX Markets, a brand new crypto change backed by main Wall Avenue gamers Charles Schwab, Citadel Securities, and Constancy Digital Property.

EDX، جو شروع final week, determined to let its merchants—institutional traders solely—begin off with بٹ کوائن, ایتھرم, لائٹ کوائن، اور بٹ کوائن کیش.

The reason being easy: regulatory readability.

“These specific cryptocurrencies are generally perceived as commodities by regulatory bodies, which significantly mitigates potential legal challenges,” Sei Labs co-founder Jeff Feng instructed Decrypt.

Youwei Yang, Chief Economist at BTCM, added that the 4 property are “widely regarded as digital commodities, making them relatively safe” from the U.S. Securities and Change Fee as a result of they’re made with electrical energy—a commodity.

In maybe its hardest regulatory crackdown but, the SEC has gone after various main crypto manufacturers for allegedly flogging unregistered securities. Earlier this month, it went after Coinbase for allegedly providing and promoting unregistered securities through its staking service. اس کے علاوہ ھدف بنائے گئے Binance, the world’s largest change, with an enormous lawsuit for allegedly “operating as a fking [sic] unlicensed securities exchange in the U.S.A. bro,” کے مطابق SEC کو.

In February, it hit Kraken with a $30 million wonderful for allegedly failing to register the supply and sale of its crypto asset staking-as-a-service program.

ہر کریپٹو پروجیکٹ کو SEC کے Howey ٹیسٹ سے حساب لینا چاہیے۔

کہانی جاری ہے

These regulatory enforcements are all as a result of SEC Chairman Gary Gensler thinks—and has نے کہا for years—that the majority cryptocurrencies are unregistered securities.

However he has یہ واضح کر دیا کہ بٹ کوائن ایک کموڈٹی ہے۔ اس کے پاس ہے کم واضح تھا on Ethereum, however the Commodities and Futures Buying and selling Fee (CTFC) has نے کہا اثاثہ ایک شے ہے.

And Bitcoin Cash and Litecoin are each Bitcoin forks—new cryptocurrencies that emerged from the asset’s authentic code—that means they’re more likely to have the identical standing within the eyes of regulators.

Greg Moritz, Co-Founder on the crypto hedge fund AltTab Capital, mentioned that “none have been listed by the SEC as unregistered securities,” including that each one 4 property are established and have historical past, “key factors in the decision-making process of EDX’s backers.”

EDX Markets CEO Jamil Nazarali additionally ذکر کیا that he felt “very comfortable” that the 4 property weren’t securities.

For now, these 4 “old school” cryptocurrencies will give “old school” traders a style of the crypto world. However issues may change, Feng famous. “As regulations evolve and the understanding of different cryptocurrencies becomes more nuanced, we could anticipate exchanges like EDX broadening their offerings,” he added.

منبع لنک

#CitadelBacked #EDX #List #Bitcoin #Ethereum #Litecoin #Bitcoin #Cash

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