The Nigerian securities regulator says it will allow exchanges to trade tokens backed by debt, equity, or property, but will consult the central bank on issuing licenses to ‘crypto’ exchanges.
The hefty penalty was due to Coinme allegedly making false and misleading statements about the demand of UpToken and inflating the amounts raised in the ICO.
The U.S. securities regulator alleged that Hydrogen Tech founder Michael Kane used a South African market maker to manipulate the price of Hydro, netting $2 million in profit.
The digital asset company has taken legal action against the SEC, asking a federal judge to force the U.S. financial markets regulator to respond to a previous petition for digital asset specific rules.
As per the securities regulator, investment brokers must understand the risks associated with digital currencies, while advisers must know the financial status, risk appetite, and previous investments of investors.
Gary Gensler stood his ground that existing laws apply to digital assets since day one amidst criticism from the crypto bros, who lament the alleged ambiguous regulations that meddle with their operations.
Coinbase recently posted an update on its plan to “go broad and deep,” aka establish bases of operation in jurisdictions that will let it do what American authorities won’t let it do at home.
Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators are finally catching on to how technology works.
Gary Gensler took a jab from Rep. Patrick McHenry after claiming that the 'crypto' market is noncompliant with the law, with the latter saying that the SEC hasn't even clarified the statute of digital assets.
At least $1.3 billion in revenue were allegedly collected by Bittrex entities acting as broker-dealers, exchanges, and clearing agencies since 2014 without prior registration with the U.S. securities regulator.
The U.S. Securities and Exchange Commission and Ripple have exchanged filings over one of Ripple’s most prominent defenses against accusations it illegally offered unregistered securities in connection with XRP.
Instead of promoting gambling on digital currencies, which has already ruined countless lives, Elon Musk could use blockchain technology to improve Twitter.
