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Tag Archives: Securities

Securities Regulator Suspends Two Crypto Firms for Alleged Scam Investment Schemes

The Italian securities regulator, CONSOB, has suspended two projects for allegedly offering fraudulent crypto investment schemes. The 90-day suspensions were reported in an official statement on the CONSOB website published Monday, Dec 17. The Italian Companies and Exchange Commission, or Commissione Nazionale per le Società e la Borsa (CONSOB), is the Italian analogue of the United States Securities and Exchange ...

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Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund May be Securities

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately 25 percent of our fund’s ...

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ICOs Can Be Effective, But ‘Securities Laws Must Be Followed’

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton has said that Initial Coin Offerings (ICOs) “can be effective” but that “securities law must be followed.” Clayton spoke on the subject during a speech about the SEC’s activity this year at the BLANK. In regards distributed ledger technology (DLT), digital assets and ICOs, Clayton stated that this is an ...

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Malaysia’s Central Bank, Securities Regulator Coordinate for Crypto Regulation

The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. In a joint statement, Securities Commission Malaysia and Bank Negara Malaysia disclosed that this arrangement will be restricted to ensuring compliance only with the regulations and laws that fall under the oversight authority of the two ...

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Congressman Finalizing Bill to Exempt ICOs from Securities Laws

Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings more effectively,” Cleveland.com reported. US Congressman ...

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Thai Securities Regulator Considers Various STO Classifications for Regulatory Framework

The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law, English-language daily Bangkok Post reports Nov. 29. The aforementioned article states that deputy secretary Tipsuda Thavaramara “said the regulator will have to consider how to deal with STOs for issues such as ...

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US Court Dismisses SEC’s Claims That Blockvest Sold Unregistered Securities

A U.S. court has dismissed claims from regulator Securities and Exchange Commission (SEC) against decentralized blockchain-based assets exchange Blockvest, court documents released Nov. 27 confirm. The SEC suspended Blockvest’s Initial Coin Offering (ICO) via an emergency court order in October, with a subsequent legal battle ensuing over whether or not the firm’s BLV tokens were in fact unregistered securities under ...

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Texas Securities Commissioner Issues Cease and Desist Order to Crypto Investment Firm

The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published to the regulator’s website Nov. 27. The C&D claims that “sufficient evidence has been found” to substantiate that Royer, “acting on behalf of a white-collar criminal [Bruce Bise] ...

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Blockchain Capital Leads $12.75 Mln Funding Round for US-Based Securities Tokens Startup

An American securities tokens startup has closed a Series A funding round led by Blockchain Capital that raised $12.75 million, according to press release exclusively shared with Cointelegraph Nov. 26. Securitize, a technology platform that enables the issuances of digital securities — or security tokens — of any asset, has closed the strategic funding round ahead of the company’s plans ...

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Colorado Securities Regulators Crack Down on Four More ICOs for Alleged Illicit Practices

The Colorado Division of Securities has filed cessation orders against four Initial Coin Offerings (ICOs) allegedly involved in fraudulent and illicit practices, according to an official announcement Nov. 20. Colorado Securities Commissioner Gerald Rome issued the new cease and desist orders following investigations by the Division’s ICO Task Force. Rome has issued 18 cessation orders to ICO projects offering unregistered ...

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