BaFin rejects Binance pleas as stock token delisting deadline looms: report
The German securities regulator has rejected an appeal from cryptocurrency exchange Binance to remove its warnings about the firm’s stock tokens.
The German securities regulator has rejected an appeal from cryptocurrency exchange Binance to remove its warnings about the firm’s stock tokens.
The German financial regulator has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.
Roche Freedman LLP have withdrawn five lawsuits which they originally filed against a selection of digital asset companies, principally accusing them of offering unregistered securities.
The Financial Times reported that European regulators, were investigating whether the Binance token launch was arranged in compliance with securities laws before being made available for sale.
Investors in ParagonCoin, one of the many scams that sprung up in the 2017 ICO mania, are set to recoup a small share of the money they lost when it went bust.
Judge Sarah Netburn granted a motion to dismiss the SEC request, which would have required Ripple’s Brad Garlinghouse and Chris Larsen to divulge their personal financial records to the court.
The U.S. regulator said the offering of LBRY, whose business focuses on distribution and monetization of digital content without an intermediary, constituted an offering of securities under Howey test.
The charges are the latest in an ongoing regulatory crackdown on token sales during the "ICO craze" of the past few years.
The Token Taxonomy Act would also exempt swaps between digital currencies from taxation as well as change the tax structure for digital currencies in an individual retirement account.
MoneyGram partnered with Ripple in 2019 to use the service as part of its transfer solutions, but has since suspended XRP as remittance currency in February due to Ripple’s legal woes.
In a move that echoes the approach of CEO Brad Garlinghouse, also implicated in the court action, Chris Larsen’s representatives set out four arguments for dismissal in a letter to the court.
Da Vinci Capital reportedly sent a letter before claim to the CEO of Telegram, Pavel Durov, suggesting the fund would raise legal action against Telegram and TON Inc. over the project.