Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?

Are Mastercard and VISA about to deem crypto and ICOs ‘high risk’? On October 12, Finance Magnates reported that payment giants Mastercard and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category. What are the consequences for those ‘high risk’ merchants? According to the publication’s undisclosed […]

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US CFTC Official Tackles Accountability in an Era of Smart Contracts

The CFTC’s Brian Quintenz has addressed the question of accountability in an era of disintermediated finance and smart contracts. The U.S. Commodity Futures Trading Commission (CFTC)’s Brian Quintenz has addressed the question of accountability in an era of disintermediated finance and smart contracts. The commissioner made his remarks at the 38th Annual GITEX Technology Week […]

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Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities

Former CFTC chairman Gary Gensler said that coins sold through ICOs should be considered securities. Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under […]

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Hong Kong’s Security Watchdog to Propose Crypto Regulation, Chairman Says

Hong Kong’s securities and futures commission chairman announces crypto regulation prior to his retirement. Hong Kong’s securities and futures commission (SFC) is planning to introduce crypto regulation to protect investors, the SFC chairman told Hong Kong English-language newspaper the South China Morning Post (SCMP) Monday, Oct. 15. Chairman Carlson Tong Ka-shing — who will pass […]

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MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring, Sources Say

Payment giants MasterCard and VISA to group crypto and ICO brokers into a new “high risk” category, sources say. Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category, financial trading news site Finance Magnates reported Friday, October 14. According to the Broker Complaint […]

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