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SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make […]

Bank of Spain: Bitcoin Unable to Solve Problems of Traditional Payment Systems

An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17. The study dubbed “Bitcoin: a solution […]

Taiwan Indicts Seven Allegedly Fraudulent Bitcoin Investment Managers

Seven people who allegedly managed a fraudulent crypto investment scheme have been indicted in Taiwan, according to a report by English-language local media FocusTaiwan on Jan. 18. According to the report, citing local prosecutors, the defendants were charged with the violation of Taiwan’s Banking and Multi-Level Marketing Supervision acts. The group was reportedly arrested on June 13 last year for allegedly operating […]

Winklevoss Twins Confirm Commitment to Bitcoin ETF During Reddit AMA

Cameron Winklevoss stated that “Bitcoin [BTC] is most likely the winner in the long term” during an Ask Me Anything (AMA) session on Reddit today, Jan. 7. Answering a question about whether or not Bitcoin will keep its number one position among cryptocurrencies, Cameron expressed his optimistic view of the coin, saying that “Bitcoin is certainly the OG crypto! It’s hard to […]

G20 Country Leaders Call for International Cryptocurrency Taxation

The G20 countries have called for the taxation of cryptocurrency, as well as its regulation to combat money laundering, Japanese news outlet Jiji.com reports Dec. 2. According to Jiji.com, the final text of a document jointly delivered by G20 leaders calls for “a taxation system for cross-border electronic payment services.” The article then specifies that under current laws, foreign companies that do […]

Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud

The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19. Under the auspices of Hacienda, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), underlined that it will monitor “the fiscal incidence of these new technologies, such as blockchain and, […]

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower. As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946. The Securities […]

Australia: $50 Million ICO Shuts Down ‘in Accordance with’ Regulatory Requirements

An Initial coin Offering (ICO) conducted by an Australian crypto startup Global Tech Exchange (GTE) has ceased operations, citing the Australian Securities and Investments Commission (ASIC) requirements, the company’s website reveals Monday, Oct. 22. According to Business Insider Australia, the ICO was launched summer 2018 by GTE to create an an education-based trading and exchange platform and had a […]

Ernst & Young Report: One Year on, ICOs’ Fate Is ‘Worse Than We Thought’

A new report published Oct. 19 by Big Four auditor Ernst and Young has found that initial coin offerings (ICOs) that raised capital in 2017 have done “little to inspire confidence” one year on. The report, which is dedicated to what EY dubs the “The Class of 2017,” revisits the same projects the firm first analyzed back in Dec. […]