Category: N-Economy
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Swiss Crypto Valley Association Leadership Steps Down After Governance Review
More than half of the members of Switzerland’s Crypto Valley Association (CVA) board have announced their decision to step down in January. The news comes after reports about governance issues and allegations of conflicts of interest in the leadership of the growing organization. Also read: Estonia to Tighten Rules for Licensed Crypto Companies Four CVA…
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A Cashless Society – Utopia or Dystopia?
From Stockholm to New York, major global hubs are ditching cash for cards. As contactless payment devices including smartphones and smartwatches proliferate, hard currency is falling out of favor. But for all the convenience that touch payments bring, the cashless transition has major ramifications for the most underserved segments of society. Also read: Russian Marketplace Allows…
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Japan Unveils Plans to Regulate Initial Coin Offerings
Japan’s Financial Services Agency has held several meetings to discuss how to best regulate initial coin offerings. In addition to registration requirements, the regulator reportedly plans to amend two existing laws that can be applied to token sales. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Registrations and Law Changes The…
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Maduro Orders Price of Venezuela’s ‘Cryptocurrency’ to More Than Double
Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers. Also read: Indian Supreme Court Moves…
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Japanese Cryptocurrency Exchange to Relaunch as Part of Huobi After Buyout
A regulated Japanese cryptocurrency exchange is shutting down to relaunch as part of the Huobi family. The new exchange will support six cryptocurrencies and 11 trading pairs. Existing Bittrade customers need to open new accounts, complete KYC verification, and transfer their assets to the new platform. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls…
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SEC Fails to Show Court Blockvest Tokens Are Securities
A U.S. district judge has denied the motion filed by the Securities and Exchange Commission (SEC) against cryptocurrency company Blockvest and its founder. The SEC failed to show the court that Blockvest’s tokens are securities. The company has set up a fictitious regulatory agency and claimed its ICO is endorsed by three different U.S. regulators. Also…
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Amid Crackdown, SEC Chairman Emphasizes Compliance Requirements for ICOs
Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.S. law. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies Requirements for Regulatory Compliance The SEC chairman…
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ICOs Use Sponsored Reviews to Attract Investors
Although the 2018 cryptocurrency bull trend has humbled many self-proclaimed crypto “experts,” the business of sponsored cryptocurrency reviews has continued to boom, influencing many market participants in the process. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies ICOs Sponsor Social Media Influencers Hacken, a Ukrainian startup, partnered with social media influencers to promote its…
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Estonia to Tighten Rules for Licensed Crypto Companies
Estonia, one of Europe’s most crypto-friendly nations, plans to tighten its licensing regime for cryptocurrency companies. The financial authorities in Tallinn want to introduce stricter regulations for fintech businesses registered in the Baltic country. Also read: Binance Terminates Services for Users in Belarus Regulators to Increase Oversight The Financial Intelligence Unit, the Estonian regulator…
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Thai SEC Explains Two Laws Could Apply to Crypto Securities
Thailand’s Securities and Exchange Commission (SEC) has reportedly clarified how existing laws can apply to crypto securities. In addition, Thai companies planning to issue securities tokens abroad would be guilty of wrongdoing under the Digital Asset Act for avoiding regulated fundraising channels. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Applicable…