Regulation

UK’s FCA Investigates 24 Cryptocurrency Firms As Bitcoin Price Dips

6 hours ago admin2 0
The U.K.’s Financial Conduct Authority (FCA) has opened up 24 investigations into cryptocurrency businesses, a Freedom of Information request has revealed. In a report from the Financial Times, the U.K.’s top financial watchdog also confirmed that it had opened seven whistleblower reports relating to digital currency companies so far this year. The FCA has confirmed Read More

Norfolk Southern the Latest Railway to Join Blockchain Transport Group

2 days ago admin2 0
U.S. railway network Norfolk Southern has become the latest industry player to join the Blockchain in Transport Alliance. One of less than a dozen Class I railroads in North America, Norfolk Southern announced Thursday that it would participate in the consortium’s mission of establishing standards for logistics companies using blockchain technology, according to a press Read More

Russian Institutions to Trial Central Bank ICO Platform

3 days ago admin2 0
Two Russian financial institutions are set to test a regulatory platform that aims to make domestic initial coin offerings (ICOs) more transparent and secure for traditional investors. Russia’s National Settlement Depository (NSD) announced on Thursday that it is working with Sberbank CIB, the bank’s corporate and investment banking arm, to test an ICO issuance platform Read More

Singapore Warns 8 Crypto Exchanges Against Unauthorized Securities Trading

3 days ago admin2 0
Advertisement Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Singapore’s central bank and financial regulator has warned eight crypto exchanges against facilitating the trading of digital tokens deemed as securities and futures contracts without prior approval. In an announcement today, the Monetary Authority of Singapore (MAS) revealed it had reminded Read More

Singapore Warns 8 Exchanges Over Unregistered Securities Trading

3 days ago admin2 0
Singapore’s de facto central bank, the Monetary Authority of Singapore or MAS, has warned eight digital token exchanges to stay away from trading in digital tokens that constitute securities or futures contracts. In a release issued Thursday, MAS says it has cautioned the exchanges to seek authorization if trading digital tokens that are regulated under the Securities Read More

South Carolina Sanctions Startup Over Unregistered Token Sales

4 days ago admin2 0
Blockchain startup ShipChain has been hit with a cease-and-desist order from the South Carolina Attorney General’s Office, which claimed the company violated the state’s securities statutes. The state’s Securities Commissioner said in an order issued Monday that ShipChain offered what amounts to an investment contract by way of its token, which is “the only medium Read More

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

6 days ago admin2 0
ICO issuers are starting to look to jurisdictions outside the U.S. to set up shop. In an environment of regulatory uncertainty, where the U.S. Securities and Exchange Commission (SEC) has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto Read More

Blockchain Startup Shyft Signs US$10M Deal With Bermuda Government

6 days ago admin2 0
Image: Shyft signs MoU with the government of Bermuda, Joseph Weinberg, chairman of Shyft, and David Burt, Bermuda Premier, via Twitter Shyft, a blockchain KYC/AML and identity startup, has signed a memorandum of understanding (MoU) with the government of Bermuda led by the Premier of Bermuda, E. David Burt, JP, MP, in which the startup Read More

The SEC Just Launched a Fake ICO Website to Educate Investors

1 week ago admin2 0
The U.S. Securities and Exchange Commission wants to ensure investors can identify fraudulent initial coin offerings – even if it has to launch its own to do so. The regulator announced Wednesday it has launched a mock ICO called HoweyCoin, presumably named after the Howey Test, which “touts an all too good to be true Read More

Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam

1 week ago admin2 0
Texas’ securities watchdog has issued an emergency cease-and-desist order to a purported cryptocurrency investment scheme that it says tried to dupe investors with fake endorsements from high-profile individuals. Among other alleged failings, Houston-based Wind Wide Coin is said to have fabricated client profiles using images of public figures including actress Jennifer Aniston, Prince Charles and former Finland prime minister Matti Read More