Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies. … Read more

South Korea’s National Assembly Officially Proposes Lifting ICO Ban

South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space National Assembly’s Proposal … Read more

Singapore Warns Eight Unauthorized Token Exchanges

The Monetary Authority of Singapore has warned eight digital token exchanges operating in the country over unauthorized securities trading. The regulator also stopped an initial coin offering, prompting its issuer to return all funds received from Singapore-based investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Eight Token Exchanges Warned Singapore’s central bank and financial … Read more

Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Launching on June 6 The wait for 7nm bitcoin mining products … Read more

Overstock.com’s t0 to Launch Regulated Security Token Exchange

Overstock.com’s Tzero is planning to launch a regulated exchange for security tokens in collaboration with Box Digital Markets. The companies will seek the approval of the U.S. Securities and Exchange Commission for the new exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Security Token Exchange Overstock.com’s fintech subsidiary t0.com Inc (Tzero) and Box … Read more

Onchain Capital Founder Bullish on BCH and ETH

The founder of Onchain Capital, and host of CNBC Africa’s ‘Crypto Trader’ show, Ran Neu-Ner, recently discussed his outlook for cryptocurrency regulation, initial coin offering (ICOs), and shared his outlook for several top cryptocurrencies markets. Mr. Neu-Ner described Bitcoin Cash and Ethereum as markets that he intends to ‘HODL’, adding that right now, he is passing … Read more

US Court Indicts Founders of Crypto Company for Fraudulent Scheme

A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards. Also read: Yahoo! Japan … Read more

RBI Crackdown Triggers Migration of India’s Cryptocurrency Industry

The Reserve Bank of India (RBI)’s prohibitive policies regarding India’s cryptocurrency industry has reportedly comprised the catalyst for a migration of Indian cryptocurrency entrepreneurs in search of more amenable regulations. Also Read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police RBI Crackdown Drives Crypto Businesses Overseas The crackdown on cryptocurrencies initiated by the RBI has reportedly … Read more