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The SEC has stopped securities trading in a Nevada-based firm for making false statements that its crypto activities were approved by the commission Go to Source Powered by WPeMatico
Cryptocurrency falls into a legislative gray area in many jurisdictions, which is why governments should take a particularly nuanced approach to developing regulatory frameworks for crypto trading, the outgoing chairman of Hong Kong’s securities regulator said in a recent interview. Also Read: Fidelity Launching Crypto Custody and Trading Services Key Challenge for Legislators “We have to … Read more
An independent study by Autonomous Research has found that initial coin offering (ICO) activity globally has dropped over 90 percent this year. With the high of about $3 billion in funds raised by token sales at the beginning of this year, September investments were less than $300 million, according to the firm. Also read: 160 Crypto … Read more
In recent news pertaining to cryptocurrency regulations, French lawmakers are considering a proposed amendment that would introduce a regulatory framework for crypto-asset intermediaries; the U.S. Securities and Exchange Commission (SEC) has announced October 26th as the deadline for the submission of public comments relating to the nine exchange-traded funds (ETFs) it recently rejected; and a … Read more
The chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries. Also read: 160 … Read more
The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators. Also read: 160 Crypto Exchanges Seek to Enter Japanese … Read more
Three U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 … Read more
Europe’s securities watchdog, ESMA, has decided to extend the restrictions applied to a number of financial derivatives, including contracts-for-differences (CFDs) based on cryptocurrencies. The limits that were introduced in August of this year will now remain in place until the end of January 2019. Also read: French Regulator Blacklists More Fraudulent Crypto Businesses ESMA … Read more
The United States Securities and Exchange Commission (SEC) has published an “order instituting proceedings to determine whether to approve or disapprove” the proposed Vaneck Solidx bitcoin exchange-traded fund (ETF). The SEC is asking for further public feedback on issues pertaining to concerns regarding the bitcoin market’s perceived vulnerability to manipulation. Also Read: Turkey Finance Minister Embraces … Read more
In recent regulatory news, an official representing the Monetary Authority of Singapore (MAS) has stated that no existing crypto tokens meet the regulator’s definition of a security offering; the chief accountant of the United States Securities and Exchange Commission (SEC) has emphasized the “fundamental” bookkeeping responsibilities of firms operating with cryptocurrencies; and the head of … Read more