Regulation

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US Financial Industry Regulatory Authority Issues Its First Crypto Disciplinary Action

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The U.S. Financial Industry Regulatory Authority has taken its first disciplinary action involving cryptocurrencies. The authority charges a broker with fraudulent and unlawful distribution of unregistered crypto securities. The owner allegedly “attempted to lure public investment in his worthless public company” by issuing “the first minable coin backed by marketable securities.” Also read: 160 Crypto Exchanges … Read more

Billions of Dollars ICO Industry is Governed by Securities Law, Judge Rules

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U.S. V. Zaslavskiy, 17-cr-0647, U.S. District Court for the Eastern District of New York (Brooklyn), just might go down as a definitive case for cryptocurrency enthusiasts. Many, many billions of dollars generated through initial coin offerings (ICOs) are now, according to a federal judge, considered under the jurisdiction of securities laws. Also read: Philippines Okays … Read more

SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’

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The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission. One is against the “first regulated crypto asset fund in the United States” and the other is against an “ICO Superstore.” Also read: 160 Crypto Exchanges … Read more

Philippines Okays PDAX Crypto Exchange

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Bangko Sentral ng Pilipinas (BSP) cleared the Philippine Digital Asset Exchange (PDAX) for license to exchange crypto and the Philippine peso. The exchange is being touted as one of the first of its kind to be specifically designed with Filipinos in mind, and will trade an array of cryptos and tokens, including bitcoin cash (BCH).   … Read more

India Cryptocurrency Winter Survivors: We Were Not Sleeping, But Hibernating

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The RBI Circular was intended to put a pause button on cryptocurrency activity in India, but as the mandate that restrained banks to be involved in this space goes through debate, protests, and court pit-stops, beneath the surface a lot has transpired. It is in the trenches where it can be shown why it is … Read more

New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard

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Ever since fears arose around Tether (USDT), it seems like a new stablecoin is released every week to try and take its place. Today two new stablecoins have been revealed, with the distinction of being approved by the financial regulator known for the New York Bitlicense. Also Read: Denmark’s Largest Bank May Have Facilitated up … Read more

UAE Securities Watchdog Approves Plan to Regulate ICOs

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The securities and commodities regulator in the United Arab Emirates has approved a plan to adopt comprehensive regulations for crowdfunding through ICOs and recognize tokens as securities. The decision comes after a review of best practices in other countries and signals a change in its position regarding initial coin offerings. Earlier this year investors were … Read more

SEC Suspends Trading of XBT Provider’s Bitcoin Exchange-Traded Product

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The U.S. Securities and Exchange Commission has suspended the trading of two XBT Provider products: Bitcoin Tracker One and Ether Tracker One. The agency attributes “a lack of current, consistent and accurate information” which leads to “confusion amongst market participants” as the reason. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals SEC … Read more

RBI Ban Hearing in Two Days – What Indian Crypto Exchanges Are Expecting

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The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting … Read more