Saturday, December 15, 2018
Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK...
The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly ignoring the agency’s advice to cease operating in the country. Also read: Japan’s...
A state securities regulator in Texas has put out yet another cease-and-desist order on cryptocurrency-related activities.According to an emergency order signed on Jan. 24, the Texas State Securities Board (TSSB) is taking aim at a Hong Kong-based firm dubbed R2B Coin, which the agency alleges is issuing unregistered securities to...
The American states of Idaho and Alaska have both issued warnings over investments involving cryptocurrencies.Idaho's Department of Finance warned its people on Thursday to deal cryptocurrency investments with caution. It said that a survey by the North American Securities Administrators Association (NASAA) has reported that 94 percent of state and provincial securities...
The Legislature of Gibraltar has approved a bill designed to update the territory’s Financial Services regulations. The bill is expected to pave the way for the territory’s introduction of comprehensive legislation governing the operations of companies working in the distributed ledger and cryptocurrency industries next year. Also Read: Despite Regulation, Russians...
The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal. Also read: Japan’s DMM Bitcoin Exchange Opens for...
Japan's Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm's recent hack.According to a company announcement on Feb. 13, soon after Coincheck partially resumed operations on Tuesday, it had already processed 40.1 billion yen (or $373 million) in withdrawal...
Texas' securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin.In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure investors.The filing arrives just days...
The South Korean government has been working on a system to enforce real-name identity verification on cryptocurrency traders. This system is expected to be implemented around January 20, thus ending the current practice which allows for anonymous crypto trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and...
European Securities and Markets Authority (ESMA) issued two same-day warnings concerning initial coin offerings (ICO) on 13 November after the preceding weekend was witness to dramatic swings in prices and volatility. One release is geared toward investors and the other is aimed at participating firms.  Also read: Israel Securities Authority Chairman Outlines...