US exchange Coinbase is reportedly exploring possibilities to create a cryptocurrency ETF and we’ve covered the details in The Daily. Also, Bittrex announces fiat pairs for cardano and zcash, Changelly admits requesting KYC documents from clients trading privacy coins like XMR, and Monero developers find another bug.
Coinbase Looking to Create Crypto ETF
Earlier this year, Coinbase launched an index fund of cryptocurrencies aimed at accredited investors. An exchange traded fund (ETF) tied to cryptocurrency, which is likely to track multiple digital coins, would be targeted at and could facilitate the entrance of more mainstream, retail investors into the crypto market. If the company’s plans are confirmed, the California-based exchange will join a number of businesses from the space trying to launch crypto ETFs. The list already includes Gemini, Bitwise and Vaneck.
Regulators have so far rejected a number of proposals. Last month, the U.S. Securities and Exchange Commission (SEC) issued three decisions denying nine Bitcoin ETFs. A day after rejecting the proposed rule changes, however, the Commission initiated a review of all related decisions noting that the rejection orders from August 22 are stayed, as news.Bitcoin.com previously reported.
Bittrex Announces Fiat Pairs for Cardano and Zcash
Changelly Confirms KYC for XMR Traders
The Prague-based exchange is considered one of the main alternatives to Shapeshift, a leading crypto-to-crypto trading platform which recently announced KYC requirements for its customers. A spokesperson for Changelly has admitted the service can withhold suspicious transactions and hold clients’ funds until they provide the requested information. Quoted by The Next Web, the representative explained:
To all Monero community, our risk management system doesn’t mark all transactions out of the blue… Monero is the crypto that hides sender and recipient thus making transactions untraceable. This is a reason why big amounts of other currency got to be checked before converted to XMR.
The spokesperson also noted that “We have no mistrust of and prejudice towards users trading XMR. The matter relates to a Know-Your-Customer procedure that we had to implement due to the increased number of money laundering cases via our service.” All funds are released and their owners are white-listed once cleared by Changelly’s security department. However, the exchange has admitted that the cryptocurrency is kept for an undisclosed period of time when a customer refuses to provide the required data.
New Monero Wallet Bug Discovered
What are your thoughts on today’s news tidbits? Tell us in the comments section below.
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The post The Daily: Coinbase Explores Crypto ETF, Changelly Verifies Monero Traders appeared first on Bitcoin News.