Thailand’s Securities and Exchange Commission (SEC) continues to introduce new cryptocurrency regulations, citing investor protection concerns. The Thai Securities and Exchange Commission (SEC) proposed new regulations on Wednesday. Concerning the custody of investors’ cryptocurrency holdings by digital asset business operators. The newly proposed rules cover fiat money custody for digital asset accounts, cryptocurrency lending, and […]
A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Cryptocurrency Act of 2020”, a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory […]
According to the 3rd Feb report authored by Nikolai Durov, a Telegram co-founder, lays out the details of Telegram Open Network’s consensus mechanism, named Catchain. The proposed solution is a Byzantine Fault Tolerant (BFT) Proof of Stake (PoS) algorithm, similar to that used by NEO or Cosmos. BFT algorithms are solutions to solve the Byzantine […]
The exchange service provider ICOBox and its founder Nikolay Evdokimov are guilty of organizing an illegal coin offering and working as an unregistered broker. Securities and Exchange Commission (SEC) claims that the firm has breached the federal securities laws…
Thailand based cryptocurrency exchange BX.in.th made a quite abrupt announcement. The exchange will close its trading services very soon to focus on other business opportunities…
The Canadian based social media startup Kik will fight SEC, the US Securities and Exchange Commission over its initial coin offerings(ICO). For this, it has launched a crypto crowdfunding of whopping $5 million. The founder cum CEO of Kik, Ted Livingston along with Cooley LLP, a partner at a law firm made this announcement on […]
The US Securities and Exchange Commission (SEC) has issued a statement seeking potential sources for blockchain data and its analysis. The agency is looking forward to examine cryptocurrencies in preference. As per the statement, the entity is exploring for businesses that can support its risk monitoring and compliance enforcement activity by providing blockchain data and information about digital assets. The last date to send responses to the agency is 14th February, 2019.
Thailand Government has recently announced that it is interested to implement blockchain to tackle the issues related to tax avoidance in the nation. The news surfaced when Eknithi Nitithanprapas, Director-General, proposed the idea of using distributed ledger technology to bring efficiency in the issues regarding tax frauds.
Maksim Zaslavskiy, a resident of Brooklyn, is under trial for defrauding investors in Two Cryptocurrencies, lying real estate and diamonds backed them. The lawyer of Zaslavskiy has appealed the court to drop the charges stating that Cryptocurrencies doesn’t fall under the Securities Exchange Act. However, Raymond Dearie, U.S. District Judge dismissed the motion saying that the Federal Securities laws have flexible application.