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Tag Archives: Securities

Op Ed: The Rise of Cryptocurrency Securities Lawsuits

As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throughout the country. While regulations and laws governing the cryptocurrency market continue to develop, recent activity involving cryptocurrency has raised a host of questions concerning ...

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Half of Top 10 Cryptocurrencies May Be Securities: Crypto Hedge Fund

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Kyle Samani, a managing partner at cryptocurrency hedge fund Multicoin Capital, believes the majority of the top cryptocurrencies could be considered securities, given SEC Director William Hinman’s statement on Thursday. In a 17-part tweet, Samani discussed the guidelines issued by the Securities Exchange Commission (SEC) on June 14. Hinman, ...

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E-Commerce Giant JD.com to Issue Blockchain Asset-Backed Securities

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June 13. According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with Huatai Securities and Xingye Bank. Together, the partners will asses blockchain’s potential to shore up asset security, ...

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Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications

The Abu Dhabi Securities Exchange has inked a partnership with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will be advising ADX on the best way to use new technologies including blockchain to increase the operational efficiency of the exchange in terms of transaction speed and security. ADX Chief Executive Rashed Al Blooshi released ...

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Thailand Securities Regulator Lays Out Guidelines For Crypto Industry

The Thailand Securities and Exchanges Commission announced new regulations for the cryptocurrency industry that are expected to take effect later this month. The new regulations stipulate a defined number of market intermediaries who will receive trading licenses, with crypto exchanges and brokerage firms getting an equal number of spots. The commission also cleared 7 cryptocurrencies which will be allowed ...

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Coinbase Inches Closer to Listing Securities With Three Acquisitions

With the debate on which digital assets should be considered securities and which shouldn’t dominating the crypto universe in recent months, crypto exchanges are taking measures to align themselves with whichever way the law swings. Coinbase is leading in this race with a number of initiatives in recent months that include applying for a banking license as well as a ...

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Coinbase Seeks Approval to Trade SEC-Regulated Securities

Coinbase is one of the most remarkable companies in the cryptocurrency industry. It is evident the company will continue to have a positive impact on this space for quite some time to come. Its latest venture involves operating as a regulated and licensed broker-dealer. Another Major Coinbase Development While some people love Coinbase and others hate it, everyone has to agree ...

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Cryptocurrencies Like Bitcoin Are Not Securities, but …

U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities. “We are not going to do any violence to ...

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