The fifth installment in a weekly column, A Power of Facing analyzes a recent working paper from the University of Pennsylvania Law School on the need for tighter regulation of initial coin offerings and smart contracts.
Thai authorities say they have received 20 applications for crypto exchange licenses, and another 50 applications from ICO issuers interested in securing licenses to raise money in the country.
The SEC has released a 37-page document outlining its proposed rules for local ICOs. According to the memorandum, any entities planning to conduct initial coin offerings must file applications to the SEC and include detailed documents outlining their operations and how their tokens function.
A new study conducted by European electronic payment company Mistertango found that 88% of cryptocurrency exchanges around the world want the industry to be regulated, which they believe is necessary in helping the industry grow.
Cryptocurrency exchange Blocktrade.com has been launched with aim to adhere to EU regulations and comply with newly introduced Markets in Financial Instruments Directive II (MiFID II) protocol.
The cryptocurrency exchanges in Japan have formed a self-regulatory organization proposing restriction for all investors which will allow them to borrow for up to four times their deposit.
Cryptocurrencies like Bitcoin need to be regulated in India as they “encourage illegal transactions.” That was the argument that the Reserve Bank of India (RBI) made last Friday before the Supreme Court of India.
During its meeting in Buenos Aires, the G20 forum set out plans to put the cryptocurrency sector under anti-money laundering (AML) standards.
The Chamber of Commerce made its position and principles clear, and have called on the SEC and CFTC to take pro-active measures in understanding the cryptocurrency sphere, and subsequently regulating it.
The laws may have been passed, but the blockchain and cryptocurrency sector in Malta will have to wait a little bit longer before they can start operations.
Crypto miners and investors in Russia will now be regulated under the Internal Revenue Code, according to the chairman of the Russian State Duma Committee on Financial Markets.
Thailand’s financial markets regulator Securities and Exchange Commission has finally announced its regulatory framework for initial coin offerings. The laws will come into effect on July 16.
