Category: Bitcoin Regulation

US Congressman Announces Plans for Federal Cryptocurrency and ICO Regulation

U.S. Rep. Warren Davidson (R) has announced plans to introduce legislation that would clearly regulate cryptocurrencies and Initial Coin Offerings (ICOs), local Ohio news agency Cleveland.com reports Dec. 3. According to Cleveland.com, Davidson announced his intention to introduce new legislation at the Blockchain Solutions conference. The bill would create an “asset class” for cryptocurrencies and […]

Amendments to Anti-Money-Laundering Regulations Will Tighten Crypto Regulation

The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of the Anti Money Laundering (AML) and Terrorist Financing Prevention Act came into force this week in Estonia, conforming legislation […]

France Accounts for Minor Part of Global ICO Market, While US Leads the Industry

The Initial Coin Offering (ICOs) industry in France represents a minor part of the global ICO market, according to a report on ICOs released by French financial markets regulator AMF (l’Autorité des marchés financiers) today, Nov. 14. According to the recent study, the global ICO market has accounted for 19.4 billion euros ($21.8 billion) since […]

German Financial Regulator BaFin Shuts Down Activity of British Crypto-Related Firm

The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9. According to the BaFin’s notice, reportedly dated Oct. 2, Finatex Ltd. is ordered to “immediately” stop offering cross-border proprietary trading on its trading […]

Texas Regulator Issues Cease and Desist Order to Cloud Mining Company

The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an official notice filed Nov. 6. Per the document, AWS Mining along with its multiple agents and Chief Marketing Officer Josiah Kostek have violated the Texas […]

SEC Report Notes ‘Dozens’ of Investigations Into ICOs at End of Fiscal Year

The U.S. Securities and Exchange Commission’s (SEC) Enforcement Division has released its annual enforcement report for the 2018 fiscal year (FY), Friday, Nov. 2. The report notes actions by the Division against fraudulent Initial Coin Offerings (ICOs). According to the report, since the formation of the Division’s Cyber Unit at the end of FY 2017, […]

Indian Official Suggests Ban on ‘Private Crypto’ Prior to Supreme Court Decision

India’s secretary of Economic Affairs has recommended that the country’s Ministry of Finance to impose a ban on “private cryptocurrencies,” according to a report published by the Indian government press center Oct. 31. The Financial Stability and Development Council (FSDC), headed by India’s finance minister Arun Jaitley, held a meeting on the current economic and […]

SEC Launches FinHub to Communicate With Industry, But What Does it Have to Say?

  On October 18, the U.S. Securities and Exchange Commission (SEC) announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The new arm of the regulator will be focused on fintech-related fields, including, specifically, distributed ledger technology (DLT) and digital assets. What made the SEC create FinHub? The SEC, being […]

U.K. MP to Advise Crypto Exchange on Gov’t Relations, Says ‘Steep Learning Curve’ Ahead

U.K. Member of Parliament (MP) Stephen Hammond has joined the advisory board of a new retail investor-focused crypto exchange to provide guidance on government relations. The news was shared in a press release with Cointelegraph today, Oct. 22. Hammond is also notably a member of the Treasury Select Committee, where he is responsible for government […]