Iranian officials have declared any cooperation with Telegram to develop a cryptocurrency to be an act against national security. The Iranian government has taken further steps against Telegram’s cryptocurrency development, the Tehran Times reports Dec. 31. Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared that any cooperation with the encrypted messaging… Continue reading Iran Declares Telegram Crypto Aspirations an Act Against National Security
Category: regulation
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Crypto Exchange Coincheck to Receive Full Licensing from Japanese Authorities
Coincheck, the crypto exchange that lost over $500 million in investors funds in early-2018, is now close to receiving full licensing from Japan’s Financial Services Agency (FSA), signaling that the exchange tightened their platform’s security and cleaned up the management practices that led to the hack. The news regarding the regulatory authority’s decision to issue… Continue reading Crypto Exchange Coincheck to Receive Full Licensing from Japanese Authorities
Four Vermont State Agencies Establish Blockchain Working Group
Four Vermont state agencies have launched a blockchain working group to learn more about the technology and its impact on the economy. Four agencies of the state government of Vermont in the United States have jointly formed a working group to study blockchain technology, according to an announcement published Dec. 10. The working group will… Continue reading Four Vermont State Agencies Establish Blockchain Working Group
SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations
The U.S. Securities and Exchange Commission (SEC) has settled charges against two cryptocurrency companies which were accused of violating ICO securities offering registration rules. Both firms, Carrier EQ (Airfox) and Paragon Coin sold digital tokens in ICOs in 2017 after the regulator’s official stance on the ICO. Some crypto fundraisers can be considered securities offerings, according to… Continue reading SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations
SEC Report: Reducing Cryptocurrency Scams Among Their Top Priorities
In the U.S. Securities and Exchange Commission’s (SEC) latest annual report, the regulatory authority explained that reducing the number of cryptocurrency-related scams is currently among their top priorities. The report specifically cites initial coin offerings (ICOs) as one such sector of the industry that they are focusing on. The report comes amidst an exponential increase in crypto-related… Continue reading SEC Report: Reducing Cryptocurrency Scams Among Their Top Priorities
Taiwan Prepares Itself For ICO Regulatory Framework
Investing in the Initial Coin Offering (ICO) markets may soon become incredibly safe and easy for Taiwanese investors, according to a recent statement from the chairman of the country’s main securities regulatory agency. The comments regarding the imminent introduction of an ICO regulatory framework came from Wellington Koo, the chairman of Taiwan’s Financial Supervisory Commission… Continue reading Taiwan Prepares Itself For ICO Regulatory Framework
Hong Kong to Propose Regulation for Cryptocurrency Trading
Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. Outgoing SFC Chairman Says Ban on Cryptocurrency Trading “Will Not Work in Today’s Internet World” In… Continue reading Hong Kong to Propose Regulation for Cryptocurrency Trading
Binance is Looking to Hire New Staff in Europe and Asia
Despite doubts about the platform raised by the New York State Attorney General on Tuesday, Binance are looking to increase their team in both Europe and Asia. The wildly successful cryptocurrency exchange is seeking new staff for jobs in both Singapore and its new home of Malta. Binance Expanding Whilst Shrugging off Regulatory Concerns Over… Continue reading Binance is Looking to Hire New Staff in Europe and Asia
Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related… Continue reading Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
Australia’s ASIC Reaffirms Crypto Protection Stance Without Stifling Innovation
The main Australian financial regulator has just published its 2018 to 2022 corporate plan. In the document, the Australian Securities and Investments Commission (ASIC) states that it will keep a watchful eye on cryptocurrency and will regulate it to minimise harm whilst preserving the innovative potential of the space. ASIC’s Focus on Harm Reduction Consistent… Continue reading Australia’s ASIC Reaffirms Crypto Protection Stance Without Stifling Innovation