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The International Exchange Federation (WFE) sends a letter to the supervision authorities on the titles, expressing its concern concerning the actions represented numerically on the blockchain.

The International Exchange Federation (WFE) – One of the scholarship groups – called on international regulatory authorities – including the American Securities and Exchange Committee (SEC) and the European Securities and Market Control Authority (ESMA) – to tighten its supervision activities on “digital represented actions”.

According to reuters, The Federation Sent a Letter – Last Friday – To the Supervisory Bodies on Securities, Expressing his concerns about the Shares Based on Blockchain Technology, Warning that thesis “Mimic” Shares without Providing Rights to Shareholders or Guarantoes for Traders, He Believes that the digitally Representative Shares take over Ownership in a company or the Origin of what is via a digital from on Bluechen, without ENABLING ITS HOLDERS to Enjoy the Rights of the Society shareholders.

The International Exchange Federation (WFE) also explained in its speech to regulators its concerns by saying: “We are concerned about the torrent of brokers and trading platforms of Chipto which provide – or have the intention of providing – what are called American actions represented numerically.” The coalition has indicated that these products will not be equivalent to the stock market symbols of companies as promoted.

WFE Federation: regulatory authorities must impose securities laws on actions represented digitally

The Bourse – United Kingdom Association called the American paper and exchange committee (SEC), the European ESMA and the International Organization Technology Technology team for securities control bodies (IOSCO) to the application of securities to this category of assets.

She added that the organizers must clarify legal property frameworks and the requirements of static preservation of these products and prevent their promotion, provided that the possession of these products is equal to the ownership of actions.

For its part, the International Exchange Federation (WFE) warned that the issue of shares could be “damaged” if the attempted digital representation failed for its business, while the union has not mentioned any short trading that made it.

In June, the Robinhood trading platform published digitally American shares and other stock market stocks (ETF) after the high growth of its income rates and profitability.

While other large companies in the sector have followed a similar approach, as they provide important central platforms – Kraken Platform – the commercial actions listed in the US representative digitally, while the Québes platform plans to represent its actions digitally.

Dry: digital actions remain titles

In July, Heester People, member of the Republican Party of the American Committee on Securities and Exchanges (SEC) known as “Shit sector” – said that all new models of negotiated titles called “active as digitically” remain the laws related to securities, and added: “despite the power of the uniquely represented block technology. »»

While the digital representation sector continues to expand it at an accelerated pace, there seems to be a clear change in the way of understanding traditional assets and using them in the digital economy, the Corregcko website indicated that the total value of digital actions represented in the digital representation sector of concrete assets (RWAS) has been multiplied by 202% with an increase with an increase in the end of $ 8 million.

For his part, Kevin Rusher, one of the founders of Raac – stressed that “despite this incredible growth and the increase in institutional participation, the digital representation of actions – itself and simply – does not provide an additional advantage which is an attempt to represent it digitally.”

Post report: Stock Exchange Group urges organizers to tighten control of the actions represented by digital technology appeared first on Arab Cryptonews.

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