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Kraken opposes Canadian regulators’ proposed changes to crypto asset laws

Canadian cryptocurrency exchange Kraken has criticised regulations the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada have proposed. According to the exchange, proposed regulations characterise the contract between an exchange and an exchange user as security. Kraken states it is crucial regulators…

SEC may investigate exchanges facilitating IEOs, official says

The Securities and Exchange Commission (SEC) may look into US-based crpyto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes. Exchanges may be operating as unauthorised securities dealers under US securities laws if they take a fee for facilitating token sales, SEC official…

SEC may investigate exchanges facilitating IEOs, official says

The Securities and Exchange Commission (SEC) may look into US-based crpyto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes. Exchanges may be operating as unauthorised securities dealers under US securities laws if they take a fee for facilitating token sales, SEC official…

FinCEN Issues New Crypto Interpretive Guidance

The Financial Crimes Enforcement Network (FinCEN) issued new “interpretive guidance” today that “consolidates current FinCEN regulations, and related administrative guidance issuance since 2011” relating to the application of the Bank Secrecy Act (“BSA”) to money transmission involving “convertible virtual currencies” (“CVC”). The first significant release…

Currency.com issues tokenised government bonds

Tokenised securities exchange Currency.com has launched after a beta-testing period, TechCrunch writes. The exchange has also announced it is launching a tokenised government bond, describing it as “the world’s first.” One thousand tokenised securities will be made available to investors, both private and institutional. Although…

Fintech lobbyists are increasingly concerned with cryptocurrency

Of the 80 companies that reported lobbying for fintech in the first quarter of 2019, more than half cited bitcoin and blockchain among their main ongoing concerns, Roll Call writes. Overall, they spent more than $42 million for fintech-related lobbying. However, Roll Call states, the…

SEC set to spend up to $238,787 annually on cryptocurrency financial analyst

The SEC is looking to bolster its cryptocurrency chops by hiring a “Financial Analyst Cryptocurrencies.” According to the job listing, posted in early April, the analyst will have a robust set of responsibilities: “The Crypto Specialist provides expertise and coordinates TM activities regarding crypto and…

5 Major Indian Laws That Apply to Cryptocurrency

India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to…

Texas Securities Commissioner Takes Urgent Action Against Crypto Scam

The Securities Commissioner of Texas Travis J. Iles decided to issue an urgent cease and desist order to FxBitGlobe-a crypto related website. In the latest cryptocurrency news today, we find out more about his decision. The site FxBitGlobe was ordered to stop doing business with…

Skeptic’s lens: TenX is flirting with securities, again

TenX raised $80 million in an ICO in June of 2017 with a vision to let users spend their cryptocurrency through conventional debit cards. But since raising an astronomical amount of money, TenX has struggled to fulfill its vision and the promises laid out in…