Bitcoin ETF will finally be approved, SEC commissioner said • The Philippines introduces a new crypto regulatory framework • Huobi reports 100% growth last year, despite the bear market

Bitcoin ETF will finally be approved, SEC commissioner said

Despite previous unsuccessful attempts by important players to sign up for ETF Bitcoin, the security standards required by the SEC for approval will eventually be met. That's what Robert Jackson, the only Commissioner for Democracy in the SEC, said. Jackson is convinced that there will be Bitcoin ETF in the near future, but stressed that so far none of the applications have been able to prove to the SEC that Bitcoin ETF can not be manipulated.

However, according to an optimistic but cautious commissioner, previous requests have shown important shortcomings in terms of liquidity protection, protection against manipulation, and various issues related to management services, among other legal aspects. As an example, the proposal presented by Cameron and Tyler Winklevoss. This proposal raised several concerns regarding the possibility of market manipulation. He also pointed out that it was easy to find some liquidity problems.

The Philippines is introducing a new crypto regulatory framework

The Philippines has become the latest country to have issued a regulatory framework for cryptocurrency through the Cagayan Economic Zone Authority (CEZA). The framework establishes three levels of investment and assets, each classification being subject to different levels of regulation.

Level 1 includes assets and investments of less than $ 5 million with payment in digital tokens. Level 2 covers investments of $ 6 to $ 10 million, while level 3 covers investments over $ 10 million.

These new rules are the first step towards a more robust framework for blockchains and cryptophanes in the Philippines. While there are still problems that need to be tackled in particular with regard to ICO.

Through cooperation between regulators and law enforcement agencies, it is possible to propose legislation to support and protect the crypto community in the Philippines.

Huobi reports 100% growth last year, despite the bear market

Huobi, one of the most important crypto stock exchanges in the world, had excellent performance and did not stop the bear model cryptmarket in 2018. According to the press release of February 7, 2019, the Crypto Stock Exchange recorded a 100% increase in trading volume over the past year.

At the height of the crisis in 2018, Huobi announced a significant reduction in its staff as a measure to maintain profitability. Now, Cointelegraph points out that Huobi has since tripled its staff from 400 to more than 1,300 active workers by 2019.

The company has branches in 12 countries of the world. Currently, it has two parallel platforms that work for regulatory reasons. The first, Huobi Global serves clients around the world. Second, Huobi US is licensed and operated by Holdco Inc. and serves US residents.

It is also important to note that Huobi recently launched the Crypt / Fiat Trading - February 5, 2019; the company has announced that its users can now buy Bitcoin, Ethereum and USDT for US dollars