Swiss Federal Council Initiates Blockchain Law Consultation Period

The Swiss Federal Council has started its consultation period on the adaptation of federal law for blockchain development, according to an official press release published on March 22. By initiating the consultation, the Federal Council intends to improve legal certainty over blockchain applications in order to build a basis for regulatory framework for the industry in Switzerland, particularly in the financial sector. According to the document, the Federal Council’s consultation will last until the end of June 2019. In mid-December 2018, the Swiss Federal Council adopted a report on the…

SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF

United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19. The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors. The Chicago Board Options Exchange (CBOE) — the exchange applying with the SEC to list the Bitcoin ETF — had withdrawn its application for a rule change on the ETF in…

Crypto Markets Finally See Wave of Modest Growth After Period of Relative Stability

Monday, Oct. 8: markets have taken a near-unanimous upturn, even as onlookers have been pointing to a period of uncharacteristically stable price action in the crypto sphere. Virtually all the top 100 cryptocurrencies are seeing solid growth on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has seen a relatively strong boost, by press time growing almost 2 percent on the day to trade solidly above the $6,600 mark at $6,664. The breakthrough to a higher price point comes after several days of sideways trading,…