Former CFTC chairman Gary Gensler said that coins sold through ICOs should be considered securities. Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under… Continue reading Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities
Category: Bitcoin Regulation
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Nouriel Roubini Versus Blockchain: Notes from the Senate Floor
The famous crypto-hater testified to the US Senate committee alongside the blockchain advocate Peter Van Valkenburgh. Normally, there is very limited room for drawing legitimate comparisons between a Senate hearing and an Mixed Martial Arts (MMA) fight. Yet the hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem,” which took place on October 11, 2018 on the… Continue reading Nouriel Roubini Versus Blockchain: Notes from the Senate Floor
Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains
Despite recent calls from Congress to provide regulatory clarity on ICOs, the SEC continues is crackdown on hundreds of ICOs, according to a joint report. The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, according to a recent joint investigation by Yahoo… Continue reading Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains
International Anti-Money Laundering Standards for Crypto Expected in October
The Financial Action Task Force is closer to establishing a worldwide set of anti-money laundering standards, that will purportedly close the “gaps” in current regulations. The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19.… Continue reading International Anti-Money Laundering Standards for Crypto Expected in October
Ukrainian Parliament Proposes Tax Bill for Digital Currencies
Ukrainian legislators have proposed a bill in the Verkhovna Rada that would tax operations with cryptocurrencies. The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft law published September 14. The tax bill, which was initiated by 23 government… Continue reading Ukrainian Parliament Proposes Tax Bill for Digital Currencies
Russian Lobby Group to Present Alternative Bill on Digital Assets
A lobby group of Russian industrialists and entrepreneurs wants to eliminate contradictions in the “unfinished and fragmented” state draft law on digital currencies. A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital… Continue reading Russian Lobby Group to Present Alternative Bill on Digital Assets
Mexican State Bank Announces Stricter Rules for Crypto Exchanges
Mexican banks that provide crypto services and crypto exchanges must now apply for permits with the Bank of Mexico in order to legally carry out their operations. All crypto exchanges and banks providing crypto services in Mexico will now be obliged to receive a permit from the Bank of Mexico (Banxico), according to a September… Continue reading Mexican State Bank Announces Stricter Rules for Crypto Exchanges
In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund
The SEC has issued a cease and desist order and a $200,000 fine to Crypto Asset Management for misrepresenting itself to investors. The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order and a $200,000 fine to Crypto Asset Management (CAM) and its founder Timothy Enneking, according to a document published… Continue reading In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund
From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East
The UAE’s utopian blockchain plans, Palestine’s national cryptocurrency plans and more. On Sept. 4, the government of Bahrain, a constitutional monarchy in the Persian Gulf, emphasized the importance of blockchain for the country’s economy. While the kingdom seems to be taking a rather positive approach toward crypto, the Middle East at large has proven to… Continue reading From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East
Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes
Cryptocurrency is a “poor form of money” for most terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie. The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee… Continue reading Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes