CoinSheet #225 Idealism increases in direct proportion to one's distance from the problem. — John Galsworthy Weekly Bulletin Switzerland will list the world's first crypto ETP next week The only thing I want to comment on here is that there is a difference between an ETP (exchange traded product) and an ETF (exchange traded fund). Weekly Bulletin (Nov 18, 2018) CoinSheet #225 Nov 18 Public post Idealism increases in direct proportion to one's distance from the problem. — John Galsworthy Weekly Bulletin Switzerland will list the world's first crypto ETP next week The only thing I want to comment on here is that there is a difference between an ETP (exchange traded product) and an ETF (exchange traded fund). ETFs are liquid and traded on secondary markets. They rarely have a restriction on type of investor. ETPs (used in common parlance) is mostly a private fund with a ticker. Buying and selling shares in the fund usually both have a notice period for redemption. It's also not it's not available to retail (see excerpt from the ETP prospectus below). Here's a breakdown of what's going into this product. Lot's of XRP there… Kinda reminds me of how crypto index funds used to hold Bitconnect in their portfolio because "Top 10 Coinmarketcap coin bro." Source SEC enforcement actions against AirFox & Paragon The SEC appears to be developing a template for ICO enforcement. You can read an analysis of what happened from a lawyer's perspective here or read another perspective on the Twitter thread below. Jake Chervinsky@jchervinsky0/ Today marks the conclusion of what I'll call "phase one" of the SEC's crypto enforcement strategy. My thoughts on: - the enforcement actions against AirFox & Paragon - the statement on digital asset securities issuance & trading - what to expect in "phase two" Thread. 👇 November 17 2018 402 Retweets1001 Likes You can also read the SEC's statements here. South Korean banks are now required to provide fair services to crypto exchanges South Korea's main financial authority officially cleared banks to work with crypto exchanges for the first time in history. Banks will not be able to reject crypto exchanges for any reason other than money laundering. As long as cryptocurrency exchanges are compliant with local KYC and AML regulations, then banks are not permitted to refrain from providing banking services to trading platforms. Source International Monetary Fund (IMF) head Christine Lagarde says central banks around the world should consider issuing digital currency "I believe we should consider the possibility to issue digital currency," Ms Lagarde said in a speech at a conference in Singapore. "There may be a role for the state to supply money to the digital economy." Source You're on the free list for CoinSheet. For the full experience, become a paying subscriber. Subscribe Looking for that perfect gift? Give a gift subscription © 2018 CoinSheet LLC Unsubscribe 427 N Tatnall St #84981 Wilmington, DE 19801 A Substack newsletter