Category: Regulation

Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products

The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during…

October 17, 2020
Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products

The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during…

October 17, 2020
Isle of Man authorities publish guidance on Bitcoin and crypto businesses

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate. The guidance has been developed in partnership with Digital Isle of Man, an Executive Agency of the Department…

October 16, 2020
New Civil Liberties Alliance Challenges IRS Collection Of Private Crypto Investment Data

If you’re a bitcoin trader or investor, you’ve probably traded on multiple cryptocurrency exchanges and, for the most part, trusted that those exchanges are keeping your data secure from unlawful data collection just like a bank or credit card provider would. Unfortunately, that doesn’t seem to be the case. On July 15, 2020 (Tax Day…

October 16, 2020
UNI jumps 15% after OKEx suspends withdrawals due to police investigation

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up…

October 16, 2020
Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of…

October 16, 2020
Korean blockchain lobby calls for crypto tax plan to be put on ice

The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.

October 15, 2020
Crypto Capital’s NFL defendant open to guilty plea, but not for $371M

A former NFL team owner has been asked to pay $371M as part of a plea deal over bank fraud, illegal money transfers, and wire fraud. He’s not interested.

October 15, 2020
Central banks should be ready with CBDCs, says Bank of Canada exec

Timothy Lane says the central bank is developing a CBDC at “a good pace.”

October 15, 2020
New York’s Financial Regulator Puts Focus on Crypto Firms for Digital Reporting Initiative

The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies.

October 15, 2020