Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat.J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the...
Paul Paray is an attorney in Allendale, New Jersey, focused on privacy and technology matters.In his Feb. 8 opinion piece for CoinDesk, Santander's Julio Faura suggests that "utility tokens are a bad idea" because it would be a "lie to ourselves" to suggest initial coin offerings (ICOs) were not...
The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from...
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...
One of Russia's government ministries has proposed a law that, if approved, would introduce a capital requirement for initial coin offering (ICO) organizers.The proposal, which was released by Russia's Ministry of Communications and Mass Media last week, seeks to enforce a series of requirements before any ICO activity can...
South Korea's financial watchdog has set a deadline for the barring of anonymous cryptocurrency trading accounts within the country.According to a new announcement from the Financial Services Commission (FSC), starting from Jan. 30, cryptocurrency investors in South Korea will have to use real-name bank accounts in order to continue...
Concerns about initial coin offerings among U.S. regulators and lawmakers were on full display during a U.S. Senate hearing on Tuesday."I believe every ICO I’ve seen is a security," Securities and Exchange Commission chairman Jay Clayton declared early on, perhaps setting the tone on a topic that would be...
The cybercrime combating department of Ukrainian Police has voiced support for the legalization of cryptocurrencies despite sharing some concerns about them. The Cyberpolice unit also noted the need to regulate cryptos “as soon as possible”. Ukrainian parliament is yet to adopt new legislation amid mounting calls from other institutions to...
Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 8% Conversion Rate So Far The real-name system...
The Ontario Securities Commission has approved Canada's first blockchain exchange-traded fund (ETF), set to launch on the Toronto Stock Exchange next week.Harvest Portfolios, an independent Canadian investment management company, filed the preliminary paperwork for its Blockchain Technologies ETF (ticker: HBLK) in January, seeking to provide Canadian investors with the...