Cryptocurrency Analysis and News Portal
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits. Brazilian
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The president of the CNBV between December 2018 and March 2020, Gómez was trained as a biochemical engineer but has spent his career in the financial sector. After leaving the Mexican Securities Commission, he joined the Cabinet for Economic Growth, created in 2020 by Mexican President Andrés Manuel López Obrador. Source
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United States Securities and Exchange Commission chair Gary Gensler supports legislation that gives the Commodity Futures Trading Commission greater authority over crypto — seemingly if it doesn't step on the SEC’s toes.In written remarks for a Thursday program hosted by the Practising Law Institute, Gensler encouraged intermediaries in the crypto
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According to the CVM, ByBit was “seeking to raise funds from investors residing in Brazil for investments in securities,” without the company having authorization to act as a securities intermediary. In Brazil, only Brazil’s stock exchange B3 can offer securities. Source
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The filing in August said Grayscale received a memorandum from its “external securities lawyer,” which led the company to feel comfortable in saying those three cryptocurrencies aren’t securities, but nevertheless, based on what the SEC has said, Grayscale “acknowledges that ZEC [etc.] may currently be a security, based on the
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OSL Digital Securities Ltd., which runs a cryptocurrency exchange in Hong Kong, tested a new potential line of business at the end of July when it distributed a so-called tokenized bond on Ethereum, the world’s largest public blockchain.The instrument falls under what are known as “tokenized securities” or a digital
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Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities.In a Friday filing with the Southern District of New York court, Chastain’s legal team from
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Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities, funds, or carbon credits after a successful proof-of-concept trial led by the digital asset investment platform Zerocap. On Monday, Melbourne-based digital asset investment platform Zerocap told Cointelegraph it had successfully used Synfini to bridge over
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High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian
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The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm
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