Regulation

Regulation

Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense

In an open letter, Sergey Grybniak claims his firm followed all regulatory guidance available at the time of its 2017–2018 initial coin offering.

Policy & regulation  ·  28 January 2020
Regulation

Singapore Announces New AML Rules for Crypto Businesses

Singapore’s newly enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counterterrorist-financing (CTF) rules.

Policy & regulation  ·  28 January 2020
Regulation

Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says

Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains.

Policy & regulation  ·  27 January 2020
Regulation

Israel’s Securities Regulator Asks Private Sector for DLT Proof-of-Concepts

Israel’s chief securities regulator Anat Guetta says DLT has “transformative potential” for the startup nation’s capital markets. Now she wants to see a proof-of-concept.

Policy & regulation  ·  27 January 2020
Regulation

Over 1,000 Bitcoin Miners Granted Licenses in Iran: Report

Iran's Ministry of Industries, Mining and Trade has issued more than 1,000 permits to cryptocurrency miners under new licensing requirements.

Policy & regulation  ·  27 January 2020
Regulation

Crypto Custody Provider Ledger Extends Reach in Asia With New Institutional Client

Ledger is partnering with dapp provider FLETA, offering legally compliant custody solutions as part of its push to expand in Asia.

Business  ·  23 January 2020
Regulation

SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO

The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000.

Policy & regulation  ·  22 January 2020
Regulation

Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case

The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.

Policy & regulation  ·  22 January 2020
Regulation

Switzerland Softens Tone on Libra After Ex-President Says Project ‘Failed’

Switzerland's now-departed president said the project had "failed" in its current form.

Policy & regulation  ·  21 January 2020
Regulation

India’s Central Bank Explains in Court Filing Why It Blocked Banks From Using Cryptos

The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.

Policy & regulation  ·  21 January 2020
Regulation

South Korea Considers 20% Crypto Income Tax

Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal.

Policy & regulation  ·  20 January 2020
Coinbase

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

The Crypto Ratings Council, formed by Coinbase, Kraken and other exchanges last year, has added eToro and Radar as members. It's also planning to unveil its asset rating framework this year.

Policy & regulation  ·  16 January 2020
Regulation

Regulated Derivatives Will ‘Legitimize’ Crypto, Says CFTC Chair

Regulated derivatives will instill market confidence in cryptocurrencies, according to Heath Tarbert.

Policy & regulation  ·  14 January 2020
Japan

Japan’s Financial Watchdog to Set Low Leverage Cap for Crypto Margin Traders: Report

Japan's top financial regulator reportedly plans to reduce the risk to crypto margin traders by cutting the maximum allowed leverage.

Policy & regulation  ·  13 January 2020
Regulation

SEC Seeks $16M From ICOBox for Unregistered Token Sale

The SEC has asked a federal court in California to fine ICOBox more than $16 million for selling illegal ICOS tokens.

News  ·  10 January 2020