RATE Group | OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund
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OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

04 Nov OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

Posted at 01:45h in Bitcoin News by

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OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it is not the role of securities regulators to approve or disapprove of the merits of bitcoin.

Also read: 23 Central Banks Divulge Their Digital Currency Requirements

Director’s Refusal Axed, Fund Green-Lighted

The Ontario Securities Commission (OSC) published a document Tuesday detailing Commissioner Lawrence P. Haber’s reasons to overturn the commission’s previous decision regarding 3IQ Corp and The Bitcoin Fund. A preliminary prospectus for the public offering of this fund was filed with the OSC’s Investment Funds & Structured Products branch (IFSP) in October last year. However, in February, the IFSP refused to issue…

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