US SEC Looks to Expand ‘Accredited Investor’ Classification
U.S. SEC seeks public commentary on expansion of “accredited investor” status to more investors who can prove knowledge Go to Source Powered by WPeMatico
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US SEC Imposes $250,000 Penalty, Requires Return of up to $13M for Unregistered ICO
The U.S. SEC imposes a $250,000 penalty against Blockchain of Things, which may also have to refund up to $13 million netted in unregistered ICO Go to Source Powered by WPeMatico
Former SEC Senior Counsel Joins US Security Token Platform As Chief Legal Officer
TokenSoft hired Alex C. Levine as its chief legal officer to work on the firm’s regulatory compliance Go to Source Powered by WPeMatico
Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million Go to Source Powered by WPeMatico
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses Go to Source Powered by WPeMatico
SEC Cryptocurrency Approach ‘Measured,’ Chairman Clayton Tells Senate
U.S. SEC chairman Jay Clayton endorsed his agency’s regulatory policy on cryptocurrency despite the ICO controversy Go to Source Powered by WPeMatico
The State Encourages ICO Fraud. The Free Market Minimizes It
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into the few sources of profit still available to them. … Read more
BNY Mellon and Credit Suisse Involved in Telegram’s $1.7B Sale: Report
BNY Mellon and Credit Suisse were reportedly investors in Telegram’s $1.7 billion Gram token sale Go to Source Powered by WPeMatico
US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
The U.S. SEC is seeking to reopen a case against a Bitcoin fraudster in order to extract monetary penalties Go to Source Powered by WPeMatico
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. … Read more
