Bitcoin, Ether value in terms of certain currencies …

Photo by David McBee on Pexels.com
BTC/USD=23,512.70ETH=610.610
BTC/EUR=19,293.30ETH/EUR=501.034
BTC/JPY=2,433,610.00ETH/JPY=63,199.30
BTC/CNH=153,591.00ETH/CNH=3,988.66
BTC/DKK=143,499.00ETH/DKK=3,756.28
BTC/CHF=20,893.10ETH/CHF=542.580
BTC/GBP=17,480.70ETH/GBP=453.963
Source: OANDA

Legal/Political events impacting cryptocurrency

SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers

Washington D.C., Dec. 23, 2020 —

The Securities and Exchange Commission today issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital asset securities.

The statement sets forth the Commission’s position that, for a period of five years, a broker-dealer operating under the circumstances set forth in the statement will not be subject to a Commission enforcement action on the basis that the broker-dealer deems itself to have obtained and maintained physical possession or control of customer fully paid and excess margin digital asset securities for the purposes of paragraph (b)(1) of Rule 15c3-3. These circumstances, among other things, include that the broker-dealer limits its business to digital asset securities, establishes and implements policies and procedures reasonably designed to mitigate the risks associated with conducting a business in digital asset securities, and provides customers with certain disclosures regarding the risks of engaging in transactions involving digital asset securities.

In addition, the Commission is requesting comment to provide the Commission and its staff with an opportunity to gain additional insight into the evolving standards and best practices with respect to custody of digital asset securities. Such insights will serve to inform any potential future Commission action in this space.

The Commission statement and request for comment are published on the Commission’s website and will become effective 60 days after publication in the Federal Register. The Commission welcomes engagement from interested parties on these issues.

Source: U.S. Securities and Exchange Commission

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: