Israeli Regulator: Utility Tokens Shouldn’t Be Deemed Securities

17 hours ago admin2 0
The Israel Securities Authority is recommending lenient regulations for initial coin offerings, including a clear definition of what separates a so-called “utility token” from a security. In a report released last week, the regulator even proposed a temporary sandbox, where regulators would allow entrepreneurs to experiment under supervision as the cryptocurrency market evolves. According to Read More

Olympic Gold Medalist Apolo Ohno Has a Problem With Crypto

17 hours ago admin2 0
It’s time to grow up. At least that’s the message Apolo Ohno, eight-time U.S. Olympic medalist and the founder of a new cryptocurrency exchange called Hybrid Block, has for the industry. While the speed skating champion is so confident he sees cryptocurrency as a “long-term play,” he believes the state of global exchange ecosystem he’s Read More

Chinese Stock Exchange Probes Firm’s Blockchain Claim Amid Stock Rally

2 days ago admin2 0
The Shenzhen Stock Exchange (SZSE), one of the two government-led stock exchanges in China, is probing a public company’s claimed links to a blockchain project that appeared to drive a rally in its stock price. In an letter sent Monday to IT services firm Enjoyor, the bourse raised concerns over an article published via the company’s WeChat Read More

US Trade Regulator Shuts Down Crypto Investment Scheme Promoters

3 days ago admin2 0
A U.S. district court in Florida has issued a temporary restraining order against four individuals accused of operating a string of cryptocurrency investment schemes following a request from the Federal Trade Commission. The agency announced Friday that three of the four defendants – Thomas Dluca, Louis Gatto, and Eric Pinkston – were involved in two referral Read More

SEC Official Says ‘Dozens’ of Crypto Investigations Underway

4 days ago admin2 0
A top official at the U.S. Securities and Exchange Commission (SEC) has confirmed the existence of numerous investigations into initial coin offering (ICO) campaigns. On Thursday, Stephanie Avakian, co-director of the SEC’s Enforcement Division, said the agency had “dozens” of investigations that relate to cryptocurrency and ICOs, according to Bloomberg BNA, during an appearance at Read More

Singapore Central Bank Eyes Blockchain Potential in Cross-Border Remittance

5 days ago admin2 0
The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, is looking to adopt blockchain technology in conducting cross-border remittances. During a speech on Thursday at a financial industry event, MAS managing director Ravi Menon doubled down on his belief that one of the “strongest” use cases for crypto tokens is to facilitate cross-border settlements. Read More

Brazilian Officials Caught Using Bitcoin in $22 Million Scam

6 days ago admin2 0
Police officials in Rio de Janerio have uncovered a money laundering scheme in which state officials siphoned off money intended for prison supplies, using bitcoin to exchange some of the proceeds. The scam involved misstating the budget spent on food for state-run prisons, ultimately diverting funds worth $22.4 million – though only a small portion of the Read More

Square Seeks BitLicense to Bring Bitcoin Buying to New York

7 days ago admin2 0
Digital payments company Square is in the process of applying for a BitLicense in a bid to expand its Cash App’s bitcoin buying option to New York. A spokesperson for Square confirmed the process following a tweet on Tuesday that suggested the company was “working on” opening up bitcoin buys and sells to users in that Read More

Dutch Finance Minister Calls for ICO Regulations

2 weeks ago admin2 0
Dutch finance minister Wopke Hoekstra issued a letter to parliament on Thursday advocating for an international approach to cryptocurrency regulation. His initial focus is new consumer protections, public documents suggest. To start, Hoekstra wants to talk with credit card companies about potentially instituting stronger protections for people who buy cryptocurrency with credit cards, for example. Under some Read More

Tennessee Is Closer to Barring Retirement Funds from Crypto Investments

2 weeks ago admin2 0
A measure to bar public retirement funds from investing in cryptocurrencies is moving ahead in the Tennessee Senate. As previously reported, twin bills filed in January would block the trustees of public, post-retirement benefit funds from making such investments. On March 6, the Tennessee Senate Ways and Means Committee cleared the measure by a 10-0 Read More