The advent of a U.S.-based, fully-regulated Bitcoin (BTC) exchange-traded fund (ETF) has long been a hope for crypto’s most fervent dreamers. Yet, these dreams, deemed quixotic by most, was quashed on Wednesday, as reports arose that the foremost cryptocurrency ETF application was withdrawn from the care of the (partially-defunct) U.S. Securities and Exchange Commission (SEC).…
If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea. Security Tokens Still Need Regulation Initial coin offerings were seen as a great way to launch a project by selling tokens for…
Since BitMEX rocketed to the tip of the crypto market, hosting hundreds of millions of dollars worth of nominal Bitcoin (BTC) trades each and every day, the company has come under pressure from regulators. And while the Asian startup is mostly well-respected, with its chief executive, former stock trader Arthur Hayes, being very forthcoming and…
China’s crypto angst has shown no sign of abating as we enter a new year. Another raft of restrictive regulations has just been implemented for blockchain companies in the People’s Republic. Data Privacy Not Applicable in China The Cyberspace Administration of China (CAC) has just introduced more regulations for companies dealing with distributed ledger technology.…
Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Thai SEC Approves Crypto Exchanges Thailand started out with a heavy handed approach to cryptocurrencies proposing…
Since Bitcoin (BTC) was formally classified as a pseudo-commodity, crypto investors have been pestering regulators, namely the U.S. Securities and Exchange Commission (SEC), about how their favorite cryptocurrencies stack up. Ethereum (ETH), in its “current decentralized state,” was hinted at being in the same boat as BTC. But for a majority of other cryptocurrencies, primarily…
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…
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin…
Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms. $133M Crypto Project Folds Due To “Regulatory Headwinds” In recent months, stablecoins, cryptocurrencies tied to an asset deemed “stable” (ex. U.S. dollar,…
Although Bitcoin (BTC) has experienced an unquestionably dismal 2018, with BTC losing 80% of its value since its year-to-date high, there are still a number of skeptics hell-bent at putting the crypto industry six feet under. Case in point, the chief of a world-renowned financial institution, set in its traditionalistic ways, recently lambasted this nascent…