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Bloomberg Analyst: SEC Wants Spot Bitcoin ETF Created Using Cash Due to Money Laundering Concerns
By: Cointime
Bloomberg analyst Eric Balchunas wrote that the SEC is concerned that creating physical bitcoins through a bitcoin ETF may promote money laundering, which is why they are so focused on cash creation (which is a more closed system).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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