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On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives are accused of selling unregistered securities. The lawsuits claim the exchanges “profited handsomely” … Read more
Cointelegraph takes deep dive into the tokenization industry to find out more about its inner workings, key players and future challenges Go to Source Powered by WPeMatico
The lawsuits accuse the defendants of issuing unregistered securities and failing to seek requisite licensing for their activities Go to Source Powered by WPeMatico
The embattled Telegram Open Network (TON) blockchain and its native gram cryptocurrency have seen plans for launch stifled once again, with a preliminary injunction granted by Southern District of New York Judge P. Kevin Castel. The March 24 injunction sides with the U.S. Securities and Exchange Commission (SEC), concluding that the messaging giant’s plans “amount … Read more
Claiming to have “undisputed evidence” that Kik’s ICO was an unregistered securities offering, the SEC is seeking an early judgment Go to Source Powered by WPeMatico
Nine of the 19 companies engaged with Cyprus’ innovation hub operate using blockchain Go to Source Powered by WPeMatico
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep … Read more
The city of Konya, Turkey is developing its own coin with the aim of providing blockchain-based payments for public services Go to Source Powered by WPeMatico
Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also … Read more
Telegram Group, the company behind the TON blockchain project, has reportedly refused to share information with the SEC showing how much it spent of the $1.7 billion raised from investors in the past couple of years and where. In a recent court filing, the securities regulator alleges that Telegram has declined to provide bank records … Read more