Post
Topic
Board Economics
Re: Why we want btc etf and bakkt?
by
exstasie
on 02/01/2019, 20:07:45 UTC
Some services have tried to simulate that using crypto-backed contract for difference (CFD) schemes. Unfortunately, you need to be a licensed broker-dealer to do it legally. 1Broker got shut down by the SEC a few months ago for letting people bet on stocks with BTC collateral.

I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.

Sec can ban only those companies registered in US. For sure malta wont see any trubble with that Smiley Malta is know as country following big money istead of shittalk "crypto is bad and dangerous, lets wait and see what will future show". Thats why big crypto exchanges are moving to Malta ... like binance.

The SEC targets offshore companies if they offer services to American customers. The owner of 1Broker lived in Austria and they had servers in multiple non-US jurisdictions, yet they were shut down by the SEC just like an American company. The American government has a very far reach. I wouldn't count on Malta to stop them!