Preparations for a Coinbase Initial Public Offering are in full swing, sources report. Coinbase, Inc. is reportedly preparing for a U.S. stock market listing that could come this year, according to Reuters reporting. According to Reuters sources, preparations for a listing are underway but still need the green light from the Securities and Exchange Commission. […]
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The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme. The Texas State Securities Board has shut down the activities of a South African multi-level marketing scheme involving cryptocurrency investments in the state. In a recent statement, Securities Commissioner Travis J. Iles said that the company has duped […]
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The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading. In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible. The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the operation of Islamic Financial Institutions. […]
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Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens. The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary […]
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Millennials and Zoomers are the least likely crypto investors to have a plan for their digital assets should they die unexpectedly. Most younger crypto holders don’t have any kind of plan to pass down their digital assets when they die. According to a survey conducted among 1,150 participants between October 2019 and June 2020 by […]
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A Chinese official indicated that crypto will inevitably be part of the digital capital market. Xiao Gang, former chair of the China Securities Regulatory Commission, said the country is facing a digital economy transformation and needs to embrace the right regulations for the fast growing crypto market. Xiao was speaking at the 19th Pushan Lectures […]
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Chairman Tarbert of the CFTC wants to see more clarity on which tokens are securities within the U.S. as well as broader international cooperation on regulation. In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between […]
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SEC Commissioner Hester Peirce wants to see new crypto projects get a fair shake at U.S. capital markets. In a July 7 fireside chat courtesy of Unitize, Commissioner Hester Peirce of the Securities and Exchange Commission continued to advocate for regulatory clarity for crypto as a means of opening up capital markets to innovation. Innovation […]
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Part 1 of this series covers the legal implications associated with the sale of SAFTs and different approaches to legal interpretations of tokens. The enfant terrible of the digital token world, the Simple Agreement for Future Tokens, or SAFT, continues to grab headlines. In the recent Telegram case, the federal district court for the Southern […]
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The US Securities and Exchange Commission voted on amendments to rules governing the processing time for companies applying for listings. The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly […]
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