Crypto News

Lawyer: Ripple Bumping Securities Lawsuit to Federal Court is Brilliant

Advertisement Twitter Facebook LinkedIn This week, the Ripple Labs legal team removed a pending securities lawsuit pertaining to the regulatory nature of XRP, the native cryptocurrency of the Ripple blockchain, to federal court. The representatives of Ripple argued that the class action lawsuit was initiated by a group of investors with no geographical limitations and […]

Blockchain

EtherDelta Founder Charged with Operating ‘Unregistered Securities Exchange’

The Securities and Exchange Commission (SEC) pressed formal charges against Zachary Coburn, the founder of cryptocurrency trading platform EtherDelta, for not registering his company as a national securities exchange.   Required to Register According to an official press release, the SEC has taken action against the founder of digital token trading platform EtherDelta, Zachary Coburn. […]

Blockchain

Bithumb Launching US Securities Exchange with SeriesOne Partnership

South Korean cryptocurrency exchange Bithumb has joined the league of exchanges diversifying their international offerings by setting up a US securities trading platform.  Preempting ‘Global’ Blockchain Asset Tokenization Through a partnership with blockchain fundraising platform SeriesOne, Bithumb seeks to speed up its growth into a “global financial firm” by cornering the securities token market, local […]

Crypto News

Hong Kong Stock Exchange: Crypto Should be Subject to Existing Securities Regulation

A research report by the Hong Kong Exchange (HKEX) argued that fintech firms using cryptocurrency should be subjected “to the governance by the Securities Law”. HKEX Finds Risks In Large-Scale Deployment of Blockchain In Securities Industry The stock exchange of Hong Kong, Asia’s third-largest operator by market cap, published a report on fintech applications and […]

ICO

North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs

North Dakota’s securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state. On Thursday, Karen Tyler, commissioner of the North Dakota Securities Department, issued cease and desist orders against three companies for offering “unregistered and potentially fraudulent securities in the form of ICOs.” The regulator alleged in a news […]

Crypto News

India’s Securities Regulator Tight-Lipped on Crypto Regulation, Inquiry Reveals

Advertisement The Securities and Exchange Board of India (SEBI) recently responded to some 68-questions about crypto asked by a New Delhi-based legal agency. The response came under the pretext of a Right-to-Information (RTI) act that allows citizens to request information from a public authority. Blockchain Lawyer filed an RTI application to SEBI seeking knowledge on […]

Crypto News

United Arab Emirates to Approve ICOs as ‘Securities’ in 2019 to Boost Corporate Funding

Advertisement The United Arab Emirates (UAE) is pressing ahead with plans to introduce initial coin offerings (ICOs) as means toward fundraising for companies and startups in 2019. In an effort to boost financing in capital markets, the UAE will enable domestic companies to raise funding by offering cryptocurrency tokens to investors alongside traditional means like […]

Crypto News

Israel’s Securities Regulator Upgrades Cybersecurity with Blockchain

Advertisement The Israel Securities Authority (ISA) has quietly integrated blockchain technology within its internal systems to securely deliver messages and information to regulated entities under its purview. The ISA, Israel’s national securities regulator, is carrying out the implementation after already embedding a platform dubbed “Yael”, used by the government agency to communicate and relay information […]

Blockchain

Cyprus Securities Watchdog Launches Blockchain Innovation Hub

Cyprus’s Security and Exchange Commission is exploring options to take advantage of financial innovation while maintaining regulatory oversight over a dynamic, and ever-changing, blockchain and cryptocurrency industry. Due to its strategic location, Cyprus has long been a unique financial hub for Europe. Over the past few years, the Mediterranean nation has rapidly become a hotspot for […]

Bitcoin

Ontario Securities Commission Approves Bitcoin Mutual Fund

While the U.S. Securities and Exchange Commission continues to contemplate whether or not to approve a Bitcoin exchange-traded fund (ETF), Canada has taken the plunge. Canadian regulators have approved a regulated Bitcoin trust fund which allows investors to invest in Bitcoin through retirement and savings accounts. Oh Canada! Financial Post reports that the Ontario Securities […]

Altcoins

FINRA Takes Down HempCoin Cryptocurrency for Selling Unregistered Securities

Advertisement The Financial Industry Regulatory Authority (FINRA) has issued its first cryptocurrency-related disciplinary action, charging Timothy Tilton Ayre, a broker in Agawam, MA., with securities fraud and the unlawful distribution of HempCoin, which the agency claims is an unregistered cryptocurrency security. FINFRA, a not-for-profit organization overseen by the SEC to author rules and enforce compliance […]