Facebook Libra a ‘security’ under US bill, increasing regulatory scrutiny
Known as the Managed Stablecoins are Securities Act of 2019, the bill would mean Libra was subject to the structures of U.S. securities law.
Latest securities News
Telegram denies Gram token is security in latest SEC case filing
The messaging app asked the U.S. courts to dismiss the action raised by the SEC, rejecting suggestions that its token sale was an unregulated securities offering.
Facebook Libra could be responsible for creation of digital euro
The Finnish government also emphasizes in its paper that an EU-wide framework for crypto should be adopted by financial regulators in order to ensure all countries are on the same page.
SEC settles with Nebulous over its unregistered offering of Sianotes
The U.S. Securities and Exchange Commission and Nebulous have shaken hands and come to an equitable agreement.
Coinbase-backed ratings council to define which cryptos are securities
Coinbase believes it has a way to help push the issue along and has created a new Crypto Rating Council (CRC) in collaboration with other exchanges.
South Korea’s to create a blockchain for unlisted securities trades
As trading unlisted securities in South Korea can be prone to error, the country is looking to improve the process with a blockchain.
Crypto exchanges face ‘tailored’ regulatory regime in Canada
The Canadian Securities Administrators’ business plan for 2019-22 includes a focus on developing understanding of blockchain as well as approach to regulation.
Italian regulator suspends crypto investment firm behind liracoin
La Commissione Nazionale per le Società e la Borsa has shut down investment firm Tessline and its corresponding cryptocurrency, liracoin.
Australian securities regulator updates guidance on crypto assets
The updated ASIC guidance spells out the legal obligations cryptocurrency firms must discharge to operate lawfully in Australia.
Bahamas regulators propose a bill on token sales
The Securities Commission of the Bahamas (SCB) has filed a draft of the new bill that will regulate token offerings.
Poloniex disables markets for 9 crypto tokens, but only for US clients
Cryptocurrency exchange Poloniex will stop offering up to nine cryptocurrencies for its customers based in the United States due to regulatory uncertainty.
Kraken up in arms over proposed crypto regulation in Canada
Crypto exchange Kraken has submitted a comprehensive response to the proposed security law framework for cryptocurrencies in Canada.