Tag Archives: bitcoin

Chinese Court affirmed that crypto currencies are considered legal property

cryptocurrencies brokerswatch

The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, are not consider legal currencies but are considered legal property. That means that Chinese citizens have a right to own and transfer their cryptocurrencies as they are their own property. The court claims that: “Although Bitcoin may not be a legal currency, that does not prevent it from ...

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Two new Bitcoin ETFs Submitted for SEC Approval

bitcoin etfs

Two new Bitcoin ETFs have been submitted to the SEC for approval by ProShares Capital Management. According to Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin funds: the ProShares Bitcoin ETF and the ProShaers Short Bitcoin ETF. However, ProShares’ intent is not the actual purchase of Bitcoins, but its intent is to purchase derivated contracts for exposure. According ...

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