Category: Regulation
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Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules which help securities companies provide crypto services, the Bangkok Post reported…
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SEC gives OK to social media platform to issue stablecoin without registering as a security
The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat.
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New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also need to inform the exchange officials of the…
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Rapper T.I.’s associates to cough up $100K in FLiK token case with SEC
The settlement with the SEC came after the three were charged in September for their participation in “unregistered and fraudulent” ICOs.
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SEC leader touts record on digital assets on his way out the door
The outgoing SEC director first joined the agency in 2017.
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Cynthia Lummis Is Bringing Bitcoin To The U.S. Senate
On November 3, 2020, the Associated Press declared Cynthia Lummis the winner of an open U.S. Senate seat for Wyoming, making her the first woman to ever represent the state in the upper chamber. But this wasn’t the only first marked by her historic win. As she’s emphasized in recent interviews with GMA3, Fox News…
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Comptroller reveals path for crypto companies to become banks
Firms could potentially become federally chartered banks allowed to provide crypto custody services by converting their business charters.
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Charged Aussie Bitconnect promoter faces up to 47 years in prison
The Australian could be 99-years old by the time he is released if he’s sentenced to the maximum penalty.