Crypto News

Belarus’ Newest Tokenized Securities Exchange Accepts Bitcoin and Ethereum

Bitcoin and Ethereum. Image from Shutterstock. Currency.com, allegedly world’s first regulated tokenized securities exchange, has officially launched. It will allow users to purchase traditional assets with cryptocurrencies such as Bitcoin and Ethereum. When that is said, Dx.exchange was launched on January 7th offering much of the same services as Currency.com. The exchange is offering 50 Euros […]

Crypto News

SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities

Advertisement The Securities and Exchange Commission (SEC) issued a cease-and-desist order against a crypto investment fund for distributing unregistered securities. The US securities regulator also slapped CoinAlpha Advisors LLC, a Delaware-based blockchain financial products company, with a $ 50,000 fine. According to the SEC order, CoinAlpha declined to register its business, which involved investing in […]

Crypto News

Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

Advertisement The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. In a joint statement, Securities Commission Malaysia and Bank Negara Malaysia disclosed that this arrangement will be restricted to ensuring compliance only with the regulations and laws that fall under […]

Crypto News

Congress’s Biggest Bitcoin Bull is Finalizing Bill to Exempt ICOs from Securities Laws

Advertisement Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings […]

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 […]