Bitcoin Blockchain and Cryptocurrency News Center
Carlos Domingo is the founder and CEO of Securitize, an end-to-end platform for issuers seeking to tokenize assets. He is also the founder and crypto capitalist of SPiCE VC. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. 2018 was a tumultuous year for cryptocurrencies, but for those of us who work in […]
The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec. 24. As the UAE has announced a new legal framework for initial coin offerings (ICO) and hinted about possible regulation for crypto […]
As the CoinDesk announced, the U.S. Securities and Exchange Commission (SEC) has settled charges with two former executives of AriseBank, which was hit with a token sale fraud lawsuit in early 2018. Former AriseBank CEO Jared Rice Sr. and former COO Stanley Ford will pay a combined $2.7 million in disgorgement and penalties, as well […]
William Mougayar is the founder of Token Summit and author of “The Business Blockchain.” The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. What is the future of initial coin offerings (ICOs) as we look to a 12-month horizon? As an early supporter of ICOs (properly run), I’d like to offer a broad […]
Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to register with Japan’s Financial Services Agency (FSA). The agency is reportedly planning to submit bills revising financial […]
The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities. In the warning, BaFin states that Platin Genesis was advertising a “Platinum Coin Crypto Fund” on social media, which it claimed was “approved and released by BaFin.” The watchdog clarifies in […]
The U.S. Securities and Exchange Commission (SEC) has settled charges with professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled – better known as DJ Khaled – for not disclosing that they were paid to promote initial coin offerings (ICOs). Announced Thursday, the regulator said that Mayweather received $100,000 from Centra Tech, as well as another $200,000 […]
In common law systems, it is precedent that informs judicial approaches to new and previously unaddressed matters. The precedent that will likely shape the body of U.S. case law on fraudulent initial coin offerings (ICOs) is currently being forged in a federal court in the New York borough of Brooklyn, where a 39-year old entrepreneur, […]
As CoinDesk reported November 21, the Colorado Division of Securities has issued another batch of cease-and-desist orders against allegedly fraudulent initial coin offerings (ICOs). The watchdog announced on Tuesday that the U.S. state’s securities commissioner, Gerald Rome, has signed four new orders against Global Pay Net, Cred (doing business as Credits LLC), CrowdShare Mining and CyberSmart Coin […]
The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. […]