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Tag Archives: firms

Firms With Digital Assets Still Need to Keep Their Books in Order

Wesley Bricker, chief accountant for the U.S. Securities and Exchange Commission (SEC), has said that the advent of digital assets and blockchain technology does not change the “fundamental responsibility” of firms when it comes to their financial reporting activities. Bricker’s remarks were made as part of a speech delivered before the AICPA National Conference on Banks & Saving Institutions in ...

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Leading Crypto Firms Form A Lobbying Group To Push For Regulation

After years of waiting for the government to put in place regulations to govern the industry, crypto and blockchain industry leaders have come together to establish a lobbying group whose goal will be to push for the implementation of these policies. Based in Washington D.C, the group brings together some of the biggest names in the industry, including startups like ...

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Top 5 Major Firms to Join the Blockchain Research Institute in 2018

Various corporations around the world show an interest in the blockchain. Some companies appear to be more serious about such ventures than others. The Blockchain Research Institute in Toronto welcomed several new members who are all exploring DLT ventures. The following five companies, ranked in terms of mainstream traction, are rather interesting additions in this regard. #5 SpaceChain Combining blockchain technology ...

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SEC Hits Two Cryptocurrency Firms With Formal Charges

The Securities and Exchange Commission (SEC) has slapped a crypto asset hedge fund and an ‘ICO Superstore’ with penalties. A digital asset hedge fund manager was charged with misrepresentations and registration failures, marking the SEC’s first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets. Crypto Asset Management LP ...

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ABLE Project Exit Scammed, and These Crypto Firms are to Blame

It’s not secret that a dauntingly large percentage of ICOs are fraudulent from the start. However, in most cases, it’s quite simple for speculators to separate the scams, and funds are primarily accumulated from inexperienced or otherwise naive investors that the coin offering targets. Unfortunately, every now and then, these scams pass, unsuspected, until the perpetrators successfully make off with ...

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UK Financial Regulator Warns Against Two Unauthorized Crypto Firms

UK’s Financial Conduct Authority (FCA) has issued a stern warning to two Bitcoin investment firms; Local Bitcoin and BK Coin, two companies that are alleged to be owned and operated by the same group. According to the FCA, the two cryptocurrency firms were offering crypto investment services without authorization. Although Local Bitcoin claims that it has been operating in accordance ...

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Colorado Authority Investigates 3 Cryptocurrency Firms Behind Unregistered ICOs

Colorado’s Department of Regulatory Agencies (DORA) has revealed plans to asses three crypto-based firms offering “unregistered Initial Coin Offerings” in the state as part of an ongoing investigation into a practice being used by fraudulent companies to defraud members of the public. The investigation is being carried out by members of the Division of Securities, part of the Department of ...

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Colombian President Promises to Cut Rent Taxes for Crypto Firms

Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29.   Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed that he ...

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