Cryptocurrency Analysis and News Portal
Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities. Gensler Says Stablecoins Could Be Securities U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws. The SEC Chair
Read More
The European Securities and Markets Authority, the European Union's independent financial authority, has warned about the high risk of cryptocurrency investment.In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased risks linked with investment in “non-regulated crypto-assets.”The
Read More
Texan regulators have, for some time now, viewed cryptocurrency investment schemes as a risk to Main Street investors, and have continued to issue public warnings against possible crypto-related scams during the COVID-19 pandemic. The latest move from the Texas State Securities Board, or TSSB, is action not words — an emergency
Read More
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteTechnology is by and large not the major barrier — though many in the industry have a decent bit of hubris about it. More important is that people, whenever their money
Read More
South Korean internet giant Kakao’s blockchain arm Ground X is now storing and verifying unlisted investments as nonfungible tokens (NFTs) on its public blockchain.Unlisted investments are shares of startups that are offered to investors for purchase prior to a public offering. Since these securities are not listed on formal markets,
Read More
The U.S. Securities and Exchange Commission (SEC) and Ripple said Monday that there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions.In a discovery letter addressed to Federal Judge Analisa Torres at the U.S. District Court for the Southern District of
Read More
The international capital markets currently use legacy infrastructure that carry many risks and inefficiencies. The good news is that blockchain and smart contract technology have begun to replace this infrastructure, and early participants are already reaping the benefits. Issuers are gaining lower-cost access to capital from more diverse investors. Investors are
Read More
Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts.According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in
Read More
The first bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator.According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions.Those territories include British Columbia, Alberta,
Read More
On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade. Source
Read More