The Philippine Securities and Exchange Commission (SEC) has indicated that it is currently developing a regulatory framework designed to govern cryptocurrency transactions. The regulator emphasized the need for legislation pertaining to initial coin offerings (ICOs) in particular. Also Read: Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO” Philippine SEC to Partner With Overseas Counterparts The […]
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Bitcoin futures regulators met for their first Market Risk Advisory Committee (MRAC) of the new year, and it was dedicated exclusively to cryptocurrency futures. An advisory body to the US Commodities Futures Trading Commission (CFTC), the not-quite two-year-old group held its only public meeting on the issue since bitcoin futures went live in December of […]
As part of its balanced approach, Thailand is taking further steps to regulate initial coin offerings by expanding current guidelines. Discussions on the framework between relevant institutions have already started, with a public hearing to be conducted soon. The first ICO to be carried out by a locally registered company is scheduled for March. The […]
Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective […]
Over the past few months, we have seen the SEC get a lot more active when it comes to unusual behavior in the world of cryptocurrency. Not only are they going after scam projects, but also ICOs which may violate securities laws. It now seems the government agency will also focus on companies which suddenly add the word “blockchain” to their names. Ventures with no meaningful track records will be especially scrutinized in the coming months. Adding Blockchain to Company Names is Worrisome If there is one particular trend that stands out the most, it has to be blockchain. This technology has been hyped
There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman […]
Most people in the cryptocurrency industry are familiar with the ICO concept. An initial coin offering allows companies to raise money by issuing a native token which may appreciate in value over time. It now seems a new business model has emerged which is known as a JCO. The JOBS Crypto Offering is a very interesting concept, even though it basically boils down to a new ICO token offered to investors through a crowdfunding platform. Equity token sales are definitely evolving as we speak. Will the JCO Business Model Succeed? The JOBS Crypto Offering is a new venture for Finova Financial and serves