Cryptocurrency Analysis and News Portal
A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was dismissed in the United States District Court of Southern New York on Feb. 1. The suit, filed on March 11, claimed that 79 of the tokens listed on Coinbase were
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The suit also accused Coinbase of failing to register as a broker dealer. Source
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Intain’s digital marketplace will automate and integrate functions such as verification agent, underwriting, rating agency, servicer, trustee and the investor, according to the press release. “Rather than replacing trust intermediaries, [IntainMARKETS] integrates them onto a singular platform and process to enable digital issuance and investment on-chain,” the company added. Original Source
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"It is the policy of the State to ensure that appropriate mechanisms are in place to protect the interest of consumers of financial products and services under the conditions of transparency, fair and sound market conduct, and fair, reasonable, and effective handling of financial consumer disputes, which are aligned with
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The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.According to a Jan. 25 report in local media outlet, the Manila Bulletin, the securities regulator put forward for public comment draft
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The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications.A Jan. 26 Reuters report citing “three sources with knowledge of the inquiry” said the SEC’s investigation has been going on
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Our federal securities laws are built around a fundamental premise – that behind every security, there lies an issuer. Because crypto assets like ETH, AVAX, ADA, DOGE and SOL do not create a legal relationship with any entity, the first task would be to determine which legal entity to treat
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The government says regulatory changeover will take two years, said Jay Jayawijayaningtiyas, country manager for crypto exchange Luno Indonesia, adding that it’s too early to speculate how the assets will be regulated by the new authority. Luno is owned by CoinDesk’s parent company DCG, and is a member of the
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Troubled cryptocurrency company Digital Currency Group (DCG) is facing more legal issues as its subsidiary Genesis Capital got slapped with a new class action lawsuit.A group of Genesis creditors filed a securities class action (SCA) lawsuit against DCG and its founder and CEO Barry Silbert, alleging violations of the federal
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Previously, the Chinese CBDC has been subjected to a series of retail trials in some of its most technologically advanced regions including but not limited to Shanghai and Suzhou.As the most advanced economy with an active Central Bank Digital Currency (CBDC) in circulation, China’s Digital Yuan (e-CNY) is now gaining
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