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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Texas State Securities Board (TSSB) has taken legal action against Abra and its CEO, William John “Bill” Barhydt. Investors participating in Abra Earn and Abra Boost accuse the defendants of securities fraud and deceptive practices. The
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Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether (USDT), one of the largest stablecoins, once included securities issued by Chinese companies. On June 16, mainstream media outlets including Bloomberg reported that the company once used held securities issued by Chinese state-owned firms. Bloomberg cited documents
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Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sources familiar with the matter.Breaking: Goldman Sachs is being investigated by
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In December 2022, former Brazilian President Jair Bolsonaro approved a crypto regulation bill that was passed by Brazil’s Chamber of Deputies and the Senate. The law created a “virtual service provider” license and established a crime of fraud involving virtual assets, with a penalty of between four and six years
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McHenry and Thompson attempt to sidestep the Howey Test entirely. Their bill would create a new asset class called “digital assets.” Digital assets can come in many forms, but two particularly important ones are “digital commodities” and “restricted digital assets.” In short, the legislation provides that crypto tokens will either
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The core issue is whether countries should use securities laws framed decades ago, “without realizing blockchain networks’ very aim is to transform the decades-old financial and securities market systems, with more transparency, instant settlement times, disintermediation of middlemen, automation and reduced costs, global liquidity and interoperability,” the report said. Source
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The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong. Bank of China Investment (BOCI) has issued 200 million Chinese yuan ($28 million) worth of digital structured notes. Minted on the Ethereum blockchain, The move represents the first attempt by any Chinese
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A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”On June 12 multiple Twitter accounts shared the video which is understood to come from a 2018 event hosted by Bloomberg
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BOCI, the investment banking subsidiary of the Bank of China, has successfully launched tokenized structured notes valued at 200 million offshore renminbi ($28 million) on the Ethereum blockchain. This marks the bank’s inaugural attempt at issuing
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“We are encouraged by the evolution of Hong Kong's digital economy and are committed to promoting the digital transformation and innovative development of Hong Kong's financial industry,” Ying Wang, deputy chief executive at BOCI, said in a statement. Source
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