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Brian Kelly: the Recognition of Bitcoin and Ethereum goods is a big win for cryptocurrency

The owner and the head of the cryptocurrency investment boutique BKCM Brian Kelly was one of those who sees great potential in the cryptocurrency market.

In an interview with CNBC stated that the US government implicitly gave the signal that even though they “scare” of the company from participation in the project digital asset Libra from the social network Facebook, and also spoke out against further implementation of the project Gram tokens and blockchain TON of work, however his other actions show that they have no fundamental claim to the classical cryptocurrencies.

The expert noted that the materials of the CFTC there was a mention of the fact that Ethereum, like Bitcoin, are the goods:

“This statement about Ethereum is a big win for the cryptocurrency sphere. This provides us with an understanding of how to build a regulation in this sector. In fact, we see that there is a situation when doors to institutionala to invest in bitcoin and Ethereum open.

In fact, the CFTC said that officials did not intend to prohibit these cryptocurrencies, and going to define a legal framework for their functioning. After this signal a growing number of institucionales will just say, “please put in my portfolio and such goods as bitcoin or Ethereum”.

Kelly drew attention to the fact that another regulator, the U.S. securities and exchange Commission (SEC), there remains a concern that a large part of trading bitcoins is carried out outside the United States:

“They are concerned that they cannot control such transactions, but they should be glad that there are more opportunities for the institutional players to buy and sell bitcoins and other cryptocurrencies in the United States. This, in particular, areas Bakkt, TD Ameritrade and Fidelity”.

Publication date 15.10.2019
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