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Tag Archives: Regulator

Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace ...

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Philippines Regulator Expects Windfall from Crypto Exchange Licensing

The administrator of a government-controlled economic zone in the Philippines is expecting to rake in $67 million by issuing licenses to cryptocurrency exchanges. As reported previously by CCN, the Philippine government legalized the entry of cryptocurrency exchanges to operate in the Cagayan Economic Zone Authority (CEZA) – complete with tax benefits – in April this year. Crypto firms operating in ...

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Chinese Regulator Warns Against “Mythologizing” Blockchain

The head of the international department of the China Banking and Insurance Regulatory Commission has warned against “mythologizing” blockchain technology, news outlet South China Morning Post reported July 9. Speaking at the 5th Fintech Bund Summit in Shanghai on July 8, Fan Wenzhong argued that although blockchain is “an innovation with significant meaning,” it is a disservice to “mythologize” the ...

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Thai Regulator Confirms July Start Date for Regulated ICOs

In an announcement July 4, Thailand has confirmed its long-awaited ICO regulations will come into effect July 16, cementing the fundraising instrument’s status in the country. In summary comments, the Thai Securities and Exchange Commission (SEC) finalized details of how ICOs will operate going forward. The new regulation will take the form of a two-tier vetting procedure, with accredited “ICO ...

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Thailand Regulator Publishes ICO Regulations; 7 Cryptocurrencies Approved

Thailand’s Securities and Exchange Commission (SEC), the country’s capital markets authority, has announced a regulatory framework for initial coin offerings (ICOs) which will go into effect on July 16. Under the new guidelines, ICO issuers are mandated to have a company registered in Thailand approved by the SEC with a minimum registered capital of 5 million baht (approx. $150,000), a ...

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Spain’s Securities Regulator Undertakes a Blockchain Pilot

Spain’s securities regulator Spanish National Securities Market Commission (CNMV), BME and various banking and financial institutions Banco Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale have announced the completion of the pilot test for the Fast Track Listing (FTL) project. In a statement the CNMV has announced: “The objective has been to simplify processes and reduce the amount of ...

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EU Banking Regulator Reports on Institutional Opportunities and Risks of Implementing DLT

The European Banking Authority (EBA) has published a report, which analyzes the opportunities and risks emerging for financial institutions in using distributed ledger technology (DLT). In the report released July 3, the banking regulator analyzes the impact of fintech and DLT on financial institutions, examining two DLT use cases in international trade and so called “digital identity.” The EBA defines ...

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Thailand’s Financial Regulator Outlines Forthcoming Rules on Digital Token Issuance

The Securities and Exchange Commission of Thailand has published a timeline for their digital token regulations to come into force. The regulator stated earlier today that they would take effect from July 16, 2018. Thai Regulations Governing Digital Tokens Will Begin Later This Month According to article in Reuters from today, the SEC of Thailand will require that issuers of ...

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Japan’s Financial Regulator Considers Revising Crypto Exchange Regulation: Report

Japan’s financial regulator is reportedly considering a shakeup of its existing framework of regulating cryptocurrency exchanges to bolster customer protection norms and better secure investor assets. In April 2017, the Financial Services Agency (FSA) – Japan’s financial regulator and watchdog – enacted legislation that recognized bitcoin as a legal method of payment following a revision of the country’s Payment Services ...

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Cryptos Must Be Regulated Like Securities: Austrian Regulator

Cryptos have risen in popularity around the globe, and Austria hasn’t been left behind. The country has seen a rise in the number of people interested in investing in cryptos, and according to one member of the country’s Financial Markets Authority (FMA), regulation of this industry is long overdue. The member, Helmut Ettl, in an address to journalists, said regulation ...

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