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According to the regulators, the company issued 10,000 Slotie NFTs that provided investors with ownership interests in the casinos and opportunities to earn passive income from their operations. The filings also accuse Slotie of violating state registration laws by failing to register their securitized NFTs with the appropriate securities boards. Source
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The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country. According to a Bloomberg report, as early as December of this year, the association wants to implement a looser screening process
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Perhaps one of the most captivating signs of the industry’s maturity is the increasing amount of court cases in which crypto companies fight back against perceived regulatory abuses. Last week saw some major advancements in that direction. Digital asset manager Grayscale has filed its opening brief against the United States Securities
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Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According
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Hey folks. I’m in Washington, D.C., this week for DC Fintech Week. I’m going to highlight some statements or comments that stood out to me, but on a personal note I wanted to say it was great to meet so many of you (and shoutout to those of you who
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The "know your customer" and anti-money laundering system has evolved to become an excessive constraint on financial access and a dangerous imposition on liberty and privacy – even if the original security intent was reasonable. Source
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The global securities standard-setter is worried about the rise of misleading financial advice on social media, including for crypto Original Source
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“Crypto assets have grown rapidly in the last several years, both in market capitalization and in reach," said Barr. "But recent fissures in these markets have shown that some crypto assets are rife with risks, including fraud, theft, manipulation and even exposure to money-laundering activities ... Crypto asset-related activity, both
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Plus the FSB’s two most muscular members, the U.S and the EU, are now starting to act. They will likely want others to follow suit – to avoid crypto companies, as they see it, stealing their business by offshoring to less-regulated climes. (China, the G20’s other major economy, may well
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There’s “15 different regulators” and “basically no clarity” when it
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