In the hearing yesterday, U.S. District Judge, P. Kevin Castel issues an injunction against the distribution Telegrams’ Gram token [TON]. The judge also notes that SEC has shown ‘a likelihood of success’ in proving that SEC tokens might be ‘securities.’ Preston Byrne, partner at Anderson Kill law firm notes, SEC v. Telegram motion for preliminary injunction: Telegram
Japan is one of the world leaders in blockchain development and blockchain communities as aspiring projects crop up every day in the supposed “Satoshi’s country of origin”. Japan became one of the first countries (if not the first) to regulate cryptocurrency activities including exchanges, institutions and funds giving businesses a definite framework to work with.
South African Reserve Bank plans to implement new rules to stop cryptos help evade tax controls. While currency controls is a broad term, the statement is more pertinent to foreign exchange control. Rules To Be Applicable from Q1 2020 South African Reserve Bank is all set to clamp down on crypto exchanges. The former will
The SEC Commissioners meeting with the House of Financial Services Committee in the US is underway and provides some insight on the crypto regulations in the space. The Committee headed by Chairwomen Maxine Waters divulged on the issues related to retail investor protection from crypto-investments, share buy-backs, capital infusion and the shift from public to
The new Indian government report has brought forth a ray of hope for crypto holders. The report discusses the regulations of tokens and coins and throws light on how they can help solve several problems. Crypto Can Help Solve Several Problems The Steering Committee constituted by Department of Economic Affairs (DEA) under the chairmanship of
Poloniex Exchange today announced that it will disable the trading of nice cryptocurrencies which included Lisk [LSK], Ardor [ARDR], Bytecoin [BCN], NXT, Augur [REP], Game Credits [GAME], Ehtereum Gas [GAS], ONMI, Lisk (LSK) and Decred [DCR] in the United States. From 29th May 2019, the above-mentioned coins will be delisted for its US customers. The
In a row of protecting investors, Italian regulators have banned investments in two cryptocurrency projects – Bitsurge Tokens and Green Energy Certificates. It’s not only Italian regulators firing the illicit crypto activities but also regulators from HongKong and Australia too have also cracked down recently. Australian Tax Office or ATO has sent warnings to Australians to
Crypto friendly and Bitcoin bull, US Representative of Ohio, Warren Davidson recently announced a bill that will create another asset class and in turn regulate cryptos and Initial Coin Offerings (ICOs) and have them exempt from the securities law. Getting Tokenized Assets Exempt from Securities Law According to the local Ohio news source, at