Bitcoin Global News (BGN)
July 17, 2018 -- ADVFN Crypto NewsWire -- Today, it has been
announced that Coinbase has been fully approved by the SEC and the
FINRA to sell Crypto coins and tokens, which have been labeled
securities.
In that both agencies appear to be
the highest level of authority on the subject in the United States,
this would seem to be some sort of momentous news for the
Blockchain space.
Inside of this approval,
lies the reported fact that both
agencies will let Coinbase purchase three existing, traditional
security dealers to begin to facilitate the transition, which are
named: Keystone Capital Corporation, Venovate Marketplace Inc., and
Digital Wealth LLC.
Back around June 6th, we actually
released a report on Coinbase’s plan to acquire these companies but
as of now, it looks like the plan is going through without a
hitch.
The next step, after the long
process of assimilating the companies into Coinbase’s existing,
operating framework, is to connect Coinbase’s existing Blockchain
technology to the systems of the new companies, to make sure that
the entire business is running smoothly in the same way.
According to an article by Coindesk
on the subject, at this time, we do not know how long this assimilation
will take or when Coinbase hopes to go live in its new
form.
Even so, it is reasonable to say at
this point that if Coinbase can become regulated and still deal
with Crypto, then others can as well.
The question then becomes: just how
many different types of Crypto businesses will be allowed to do
so?
Will regulatory agencies be just as
okay with Crypto prediction markets, which some seem to
believe are nothing more than new age gambling sites?
Will they accept the existence of
currencies like Monero and Zcash, which some believe
are merely vehicles for dark
market activity?
At this point, almost nothing is
sure, except that it is viable for the Crypto tokens and coins,
themselves, to be regulated as viable, legal, investment
opportunities.
If this claim proves to be
completely accurate, then could it not be the most important step
ever for the space?
Whatever the case, answers will
follow, depending on Coinbase’s success and the partnerships that
it makes after it becomes fully integrated and fully
regulated.
By: BGN Editorial Staff
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