securities Archives - Page 32 of 209

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

August 8, 2020cashtechnews

Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them. In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs — the term […]

Law Decoded: Tech as an Arena for International Conflict, July 31–August 7

August 7, 2020cashtechnews

As Trump clamps down on Chinese social media in the U.S., tech in general becomes subject to nationalism. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The U.S.–China trade war continues its brazen spillover into tech. In response to concerns over where […]

FINRA: An Unnecessary, Unqualified Digital Asset Regulator

August 7, 2020cashtechnews

The Financial Industry Regulatory Authority’s new request for digital assets activities adds more confusion to the regulatory environment. The United States Financial Industry Regulatory Authority, or FINRA, has once again invited itself to the digital assets oversight party for at least another year. Specifically, on July 9, FINRA published “Regulatory Notice 20-23,” which encourages broker-dealers […]

Here’s What’s Actually Going on With the SEC and Republic’s STO

August 7, 2020cashtechnews

Republic is trying to swap one SEC exemption for another to move its security token from the private to public markets. On Aug. 5, Republic, a platform for investing in startups, announced that it had sold out commitments for coming fundraises for its security token, Republic Note, happening under two distinct exemptions. The firm is […]

‘Crypto Mom’ SEC Commissioner Hester Pierce Voted in Until 2025

August 7, 2020cashtechnews

Pierce’s successful confirmation was announced on Aug. 6 in a statement from SEC Chairman Jay Clayton and fellow Commissioners. United States Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce has been confirmed for a second term, lasting through 2025. The news will be welcome for the crypto industry, as Pierce has, in the course […]

One Month On, Forsage Continues Despite SEC’s Ponzi Warnings

August 6, 2020cashtechnews

Forsage members are courting a high risk with the Philippines’ securities regulator. A full month after the Philippines’ Securities and Exchange Commission flagged Forsage as a likely Ponzi, it remains the second-most popular Ethereum DApp on internet rankings. As of Aug. 6, Forsage has 390,000 users and a turnover of $3.11 million per 24 hours […]

OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty

August 5, 2020cashtechnews

OKEx has launched a peer-to-peer trading platform and fiat onramp in India. Cryptocurrency exchange OKEx has announced a new peer-to-peer trading platform launching Aug. 5, which allows users to buy digital currencies with zero transaction fees using Indian rupees (INR). The announcement comes hot on the heels of reports that the Indian government is planning […]

Crypto Class Action Asks to Use Social Media to Wrangle Flighty ICO Issuer

August 5, 2020cashtechnews

Plaintiffs as the court to authorize communication via email and Twitter to Status co-founders as part of a class-action lawsuit over SNT’s ICO. Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative […]

Samson Mow’s Infinite Fleet Game Raises $3.1M on BnkToTheFuture

August 5, 2020cashtechnews

Exordium Limited raised more than $3M through sales of its EXO security token for Infinite Fleet from investors including Adam Back and Charlie Lee. Pixelmatic’s Infinite Fleet space adventure game raised more than $3 million within 24 hours from investors including Adam Back and Charlie Lee. According to a statement from Pixelmatic, shared with Cointelegraph, […]

The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

August 4, 2020cashtechnews

The collapse of the initial coin offerings provided invaluable lessons on how to avoid a similar fate, MEW’s Kosala Hemachandra says. The boom of the initial coin offerings defined the blockchain industry in 2017 and the first half of 2018 as capital flowed to finance many new projects and the associated services. Ahead of Ethereum’s […]

Tag: securities

FINRA: An Unnecessary, Unqualified Digital Asset Regulator

Here’s What’s Actually Going on With the SEC and Republic’s STO

‘Crypto Mom’ SEC Commissioner Hester Pierce Voted in Until 2025

One Month On, Forsage Continues Despite SEC’s Ponzi Warnings

OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty

Samson Mow’s Infinite Fleet Game Raises $3.1M on BnkToTheFuture

The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

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