Arca first SEC regulated fund Ethereum based
Gesara.news » News » Arca first SEC regulated fund Ethereum basedNews Date: July 12, 2020
Asset management firm Arca has announced the first-ever products regulated under current SEC standards(U.S. Securities and Exchange Commission), adhering to the strictest investor protection laws globally.
Financial institutions could potentially use these digital assets for a wide range of use cases, including payments, lending, clearing and settlement, trading and treasury management.
Arca Labs, chose the Ethereum blockchain, one of the largest public blockchains, launching so-called digital securities ArCoin, which uses the ERC-1404 protocol.
To require member banks to maintain pass-through digital dollar wallets for certain persons, and for other purposes.
Member banks shall open and maintain pass-through digital dollar wallets for all persons, including persons eligible to receive payments from the United States pursuant to a Federal law relating to the coronavirus disease 2019 (COVID-19), who elect to deposit funds into pass-through digital dollar wallets.
Here is a 3 minute snip from the ~30 minute press conference with PM Abe from Japan.
Go to 1:50 if you want the start of the exact statement:
16: Ceases all aggressive, U.S. government military actions worldwide.
17: Establishes peace throughout the world.
Trump office Facts:
Donald Trump is ending endless war
US pulls troops out of Libya amid rise in violence
New in 2020: Will Trump pull the US military out of Iraq and Syria?
Afghan conflict: US and Taliban sign deal to end 18-year war
Trump confirms plans to pull some US troops out of Germany
Peace Treaty on Korean Peninsula
The US Mint is limiting the distribution of its gold, silver, and platinum coins to specific dealers because of heavy demand, and a limited number of suppliers of metals.
Unprecedented silver demand forcing bullion deals to stop taking orders before the market opens.
After creating massive short-squeezes in stocks like Gamestop, Blackberry, and AMC, retail investors mobilized over social media started to focus on the silver market.
Sources: www.reuters.com, www.kitco.com