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Texas alleges that BlockFi is offering unregistered securities
22.7.2021
The state's financial regulator join its counterparts in New Jersey and Alabama in taking action against the crypto lending platform
SEC Chairman Outlines Regulation of Crypto Assets Relating to Security-Based Swaps
22.7.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has clarified how cryptocurrencies falling under security-based swaps are regulated. He affirmed that platforms operating in the centralized or decentralized finance space are implicated by the securities laws....
Alabama regulators accuse BlockFi of offering unregistered securities
22.7.2021
BlockFi continues rejecting securities regulators’ allegations that its Interest Accounts are unregistered securities
Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey
20.7.2021
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general...
Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’
20.7.2021
The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via...
BlockFI ordered to stop onboarding New Jersey-based customers
20.7.2021
BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public
Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
18.7.2021
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning...
Brazil Approves First Latam Based Ethereum ETF
16.7.2021
Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin America (Latam). The product, presented by blockchain investment company QR Asset, aims to simplify the task of getting Ether exposure for retail and institutional investors. It will...
Ripple to Grill Ex-SEC Official Who Said Bitcoin, ETH Weren’t Securities
16.7.2021
Ripple may have won an important battle in its protracted legal struggle with the American regulatory Securities and Exchange Commission (SEC) – after it was granted permission to question a former agency official about its crypto policy deliberations.
Per Bloomberg, the SEC had attempted to block...
Judge allows Ripple to depose SEC official who decided ETH is not a security
16.7.2021
Bill Hinman could be called to testify on his 2018 comments regarding Ethereum’s security status
SEC Coinschedule Settlement Opens up Old Crypto Securities Wounds
15.7.2021
America’s top financial regulator, the Securities and Exchange Commission (SEC) has announced that it has settled charges against the British firm Blotics, the company behind the Coinschedule initial coin offerings (ICOs) profiling site. But some key voices within the SEC are not happy with what...
France Proposes EU-Wide Cryptocurrency Regulation
15.7.2021
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. EU-Wide Crypto Regulation With ESMA as Main Supervisor France proposed...
SEC fines Coinschedule $200K over sponsored, favorable ICO ratings
15.7.2021
The SEC asserts that Coinschedule violated anti-touting provisions of U.S. securities laws
SEC Charges Token Listing Website With Unlawfully Touting Crypto Securities
15.7.2021
The U.S. Securities and Exchange Commission (SEC) has charged a token listing website with unlawfully touting crypto securities. The site did not disclose that it was paid by the token issuers to profile their coin offerings. SEC Charges Website Touting Security Tokens Without Clarifying Which...
Brazilian securities regulator approves Ether ETF
14.7.2021
The fund, which will trade on Brazil's B3 stock exchange, uses custodial services provided by the Winklevoss twins' United States-based Gemini
US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors
9.7.2021
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency...
US Senator Warren Presses SEC to Use ‘Full Authority’ to Regulate Cryptocurrency Trading
8.7.2021
U.S. Senator Elizabeth Warren has warned of the growing risks of cryptocurrency trading. She recently called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority to address these risks,” adding that “Congress must also step up to close these regulatory...
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
Binance’s Troubles Grow as Thailand Files Criminal Complaint — Similar Warnings by Cayman Islands, UK, Japan
4.7.2021
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related...
Australian Regulator Seeks Advice on Crypto-Related Assets
2.7.2021
The Australian Securities and Investments Commission (ASIC) recently opened a consultation for establishing methods and best practices for regulating crypto assets. The consultation paper seeks guidance on which crypto-assets should qualify as underlying assets, and how to make this determination....