CFTC tells investors that digital tokens promoted by businesses may either be categorized as securities, derivatives, and commodities, depending on how they are structured.
Once again a U.S regulatory body has issued a new advisory asking ICO investors to do their own homework before putting their hard-earned money into it.
The U.S. Securities and Exchange Commission (SEC) has told several times that to prevent investors from falling prey to such schemes, it is necessary that the digital tokens be treated as securities.
A few months back, the SEC also created a fake ICO website called the HoweyCoins to educate investors about how the fraudulent ICO schemes can look like.
The SEC said:
“If You Responded To An Investment Offer Like This, You Could Have Been Scammed – HoweyCoins Are Completely Fake!
A group of investors has filed a complaint against Ripple with the Securities and Exchange Commission (SEC) for dumping illegal securities on investors in the token, as reported by Forbes, August 18, 2019.
CFTC tells investors that digital tokens promoted by businesses may either be categorized as securities, derivatives, and commodities, depending on how they are structured.
The post CFTC Wants ICO Investors To Do Their Homework Before Putting Their Money appeared first on CoinSpeaker.
The number of bitcoin-based ETFs is quite lagging in the U. S market. This is not to say that they do not exist entirely, as the Securities Exchange and Commission (SEC) has previously expressed its support in seven blockchain-based ETFs this year.
With the decision on whether a cryptocurrency-based exchange traded fund (ETF) will ever launch in the U. S still sitting firmly with the Securities and Exchange Commission (SEC), experts continue to speculate on the market and its potential.
Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng reiterated that ICOs, “disguised” ICOs and crypto asset trading are illegal in the country, and represent illicit forms of fundraising and securities issuance.
The U. S. Securities Exchange Commission [SEC] has received an application for a Bitcoin ETF license from CBOE Global Markets. The license would enable even greater institutional investors to invest in Bitcoin.
The United States Securities and Exchange Commission (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) Global Markets which, if approved, could grant the company a coveted bitcoin ETF license, and bring new waves of institutional investors to the bitcoin arena.
Cboe Global Markets has filed a Bitcoin exchange-traded fund (ETF) application with the United States Securities and Exchange Commission (SEC). If approved, it would draw in institutional investors into the Bitcoin market.
Coinbase continues to grow with their new high-end investment product Coinbase Custody, while Binance had to run a system update following some issues with its Syscoin wallet API.
SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.
Economy & Regulation The Thai Securities and Exchange Commission (SEC) has officially announced its regulations for initial coin offerings (ICOs). The rules specify requirements for ICO portals, issuers, as well as who can invest in tokens.
The Thai Securities and Exchange Commission (SEC) has officially announced its regulations for initial coin offerings (ICOs). The rules specify requirements for ICO portals, issuers, as well as who can invest in tokens.
Ripple is staring down the barrel of yet another securities lawsuit — its third one this year. Filed in the Superior Court of the State of California in San Mateo County, the class action alleges that Ripple and its team illegally sold and promoted XRP, Ripple’s currency, as an unregistered security.
The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
Coinbase’s new solution for institutional investors launched yesterday to great fanfare. It offers solutions for long-awaited institutional money to flow into the market. Electronic Transaction Clearing [ETC], the registered broker-dealer through which Coinbase aims to conduct transactions, was charged by the US Securities and Exchanges Commission [SEC], earlier this year. The charges against it were […]
The Securities and Exchange Commission (SEC) is seeking comments on another bitcoin-based exchange-traded fund (ETF). The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.
A recent study investigating the investments habits of Canadians found that 40% of Ontario’s resident investors have sold their cryptocurrency holdings. 40% of Ontario Investors Have Sold their Crypto Holdings The study put out by the Ontario Securities Commission (OSC) was conducted to measure the habits of those invested in cryptocurrency as well the level.
Block66 is building a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners.
According to the Ontario Securities Commission (OSC), despite the raised interest in virtual currencies during the last months, most of the investors do not have the necessary knowledge about them. The OSC performed a study with 2500 individual residents of Ontario, that revealed that the vast majority of Ontarians approach to cryptocurrencies with caution. At […]
Ontario Securities Commission CEO Maureen Jensen took the struggles of cryptocurrency investors into account as she spoke about the common frauds prevalent in the crypto markets recently. She said that the newness of this sector is making it more vulnerable to scams.
The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.
The Securities and Exchange Commission (SEC), recently, noted that Bitcoin and Ethereum could not be considered “securities. ” While this made investors cheer, there is still one complicated regulatory battle they have to win.
Cambodian authorities have now announced that domestic investors are required to obtain a license in order to allow them to buy, sell or trade cryptocurrencies. Without a license, these activities would now be considered illegal.
Ripple (XRP) continues to be in the news for a whole new discussion evolving around whether the SEC is going to classify it as a security or not. This debate has caught more fire now that the SEC has issued a clear verdict on Bitcoin (BTC) and Ethereum (ETH), clearly stating that both of them are not securities.
In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.
With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP).
Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.
The US Securities and Exchange Commission (SEC) appoints a person in charge of cryptocurrency market and ICO regulation. The main declared aim is to protect retail investors.
The Ontario Securities Commission (OSC) has filed a lawsuit against Troy Richard James Hogg for selling unregistered securities in an ICO where he raised $51 million.
The post Ontario Securities Commission (OSC) Files Lawsuit for $51M Dignity Token Asset Offering appeared first on BeInCrypto.
Grayscale CEO Michael Sonnenshein has told investors he is ready for a spot bitcoin exchange-traded fund (ETF) regardless of what the Securities and Exchange Commission (SEC) says.
The post Grayscale Prepares Itself for SEC Ruling on Spot ETF appeared first on BeInCrypto.
The Chairman of the U.S. Securities and Exchange Commission (SEC) says he doesn’t see cryptocurrencies lasting long.
The post SEC Chairman Doesn’t See Long Term Viability for Cryptocurrencies appeared first on BeInCrypto.
Wall Street investment bank Morgan Stanley holds a substantial sum of Bitcoin-related assets according to a filing with the U.S. SEC.
The post Morgan Stanley Holds 28,000 Grayscale Bitcoin Trust Shares, Valued Over $800,000 appeared first on BeInCrypto.
In this series of articles, BeinCrypto explores the state of various cryptocurrency ETFs in the United States. This particular article will focus on the Kryptoin bitcoin ETF, which was first introduced in 2019.
SEC Chairman Jay Clayton will step down from his role by the end of 2020. Crypto-friendly Gary Gensler is among the rumored replacements. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton will step down from his role by the year’s end.
How did Block.one make it out relatively unscathed by the SEC, and what are the greater ramifications of its ICO settlement?
The post Op Ed: Key Takeaways From Block.one’s $24M Settlement With the SEC appeared first on Bitcoin Magazine.
