SEC To Consider Decision To Reject Bitcoin

  • SEC To Consider Decision To Reject Bitcoin

KYIV (FNI) - The Securities and Exchange Commission of the United States said that they would consider the decision of their employees to block nine exchange funds operating with Bitcoin.

This was reported by the company's representatives on its official website.

"The SEC staff delegated authority to decide on such applications, which means that the commissars and the SEC chairman have the authority to review decisions if they want to," the SEC said.

Virtual currency can be used to quickly move money around the world with relative anonymity, without the need to create a central authority, such as a bank or government. A fund with a currency can attract more investors and raise its price.

American economic research company Chainalys conducted a study of crypto-currency purses. According to the results of the work it was found that most of the money was "destroyed" due to the loss of users of their private keys. The total loss is $ 20 billion.

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