Gov't Shutdown Freezes SEC Activity, But Bitcoin ETF Date Unaffected

The US Securities and Exchange Commission (SEC) has frozen all pending administrative proceedings due to the government shutdown. According to a legal expert, however, the Commission is not allowed, by law, to delay the decision on VanEck/SolidX Bitcoin ETF past its current deadline.  No More Delays Despite Government Shutdown The SEC has issued an order…

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Japan's FSA Denies Rumours About Upcoming Bitcoin ETF Approval

The reports led to an increase in anticipation toward the approval of the VanEck Bitcoin ETF filing that is set to be decided by the U.S. Securities and Exchange Commission (SEC) by the end of February, as the emergence of strictly regulated investment vehicles in a major market like Japan would decrease the risk of…

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US Congressman: CFTC, Not SEC, Should Regulate Crypto

In the United States, there is tension between the Securities and Exchanges Commision (SEC) and the Commodity Futures Trading Commission (CFTC) as both the agencies are claiming their authority on digital assets. Congressman Darren Soto, D-Florida, in a recent interview with Cheddar, said that it is better if the CFTC regulates the digital assets in…

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Crypto Platform Tron Hires Former SEC Attorney as First Chief of Compliance

Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer. The company has revealed this to Cointelegraph in a press release on Jan. 9. David Labhart, who previously worked as an attorney for the U.S. regulator, will also take on the role of…

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Thailand Grants Operating License to Four Crypto Exchanges

Thailand’s Finance Ministry has granted operating licenses to four cryptocurrency-related businesses in the country, according to a Bangkok Post report. Among the four crypto businesses, three – Bitcoin Co, Bitkub Online Co Ltd, and Satang Corporation Co Ltd – will operate as cryptocurrency exchanges, while one – Coins TH Co Ltd – has received a…

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Thailand Opens Doors to Crypto, First Four Exchanges Approved by SEC

Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Thai SEC Approves Crypto Exchanges Thailand started out with a heavy handed approach to cryptocurrencies proposing…

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Basis Shutting Down Due to Regulatory Pressure

Photo: Unsplash Regulation can be a real pain in the neck for financial companies, but it is the one thing protecting customers from fraud and scams. Having a strict regulation could, however, spark some controversy as already existing companies face terrible adversities to overcome the adaptation of their business model to the new laws. This…

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Bitcoin Community Celebrates the Appointment of the New Pro-Crypto White House Chief

Photo: Gage Skidmore / Flickr Last week, the Trump administration appointed the new White House Chief of Staff Mick Mulvaney. President Donald Trump himself made the announcement of Mulvaney’s appointment on his official Twitter handle. I am pleased to announce that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White…

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SEC Postpones Decision on VanEck Bitcoin ETF, Again

The Bitcoin ETF that was proposed by money manager VanEck and SoldiX in partnership with CBOE BZX exchange has been delayed for the third time by the SEC in Thursday’s circular. SEC stated: “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule…

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US SEC Postpones Decision On VanEck-SolidX Bitcoin ETF

The US Securities and Exchange Commission (SEC) has again decided to delay its decision on a bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX. In June of this year, both VanEck and SolidX filed with the SEC to list a physically-backed bitcoin ETF on the CBOE BZX Equities Exchange that will be insured against…

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XRP/USD Price Analysis: Will the US SEC Comment on the Status of Ripple Token?

Latest Ripple News From recent events, the US SEC is definitely alert and “hunting”. Days after news emerge that the regulator had settled with Floyd Mayweather and DJ Khalid for promoting a security token, the regulator tried to issue a preliminary injunction against Blockvest. Read: FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud However,…

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Opinion: Why Bitcoin Will Be Just Fine

Several key events will take place on the digital money market next year that can seriously affect the situation in the crypto and Bitcoin community. In 2018, the prices of cryptocurrencies have been continuously decreasing, and Bitcoin (BTC) 00 has already fallen in price by 80% from $20,000 to $4,000. The total capitalization of the blockchain…

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SEC Starts Chasing ICO Promoters, Floyd Mayweather and DJ Khaled Face First Charges

Photo: dilip_bagdi2005 / Flickr Last year, when the virtual currency markets were pretty bullish, the boxer Floyd Mayweather Jr. and the music producer and rapper Khaled Khaled, known as DJ Khaled, were getting paid to promote new digital tokens. On Thursday, regulators announced that both Mayweather and Khaled will have to give back all the…

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A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

Photo: Marco Verch / Flickr Bitcoin investors are eagerly waiting for the arrival of derivative products like Bitcoin ETF. The arrival of Bitcoin ETF is likely to flood the crypto market with institutional money, as claimed by some experts. However, the U.S. Securities and Exchange Commission has remained reluctant to approving ETF products. The agency…

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Takeaways from the CFTC’s Guide to Smart Contracts

LabCFTC, the techology research arm of the Commodity and Futures Trading Commission, one of the US’ two main financial regulators, has published a guide to smart contracts. What is a smart contract? A smart contract is a contract written in computer code. This has many advantages over contracts that exist in the meat-based world –…

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Bitcoin ETF 'Definitely Possible,' SEC Commissioner Confirms

SEC commissioner, Hester Peirce, recently appeared on the ‘What Bitcoin Did’ podcast, confirming that a Bitcoin ETF was definitely possible. ‘I Dissent’ The most notably pro-bitcoin SEC commissioner, Hester Peirce, appeared on the ‘What Bitcoin Did’ podcast at the weekend. Whilst unwilling to describe a future Bitcoin ETF as inevitable, she did confirm it was…

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Is the ICO party over in the US?

Earlier this month on November 16th, the US Securities and Exchange Commission (SEC) instructed two crypto startups — Airfox and Paragon Coin — to register their tokens as securities. The SEC argues that the two ICO’s had not registered their tokens as security offerings. As neither qualified for exemptions, they are therefore violating registration rules…

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Daily Byte: Wednesday, November 21, 2018

Crypto lawsuits are on the rise, UK may snub crypto derivatives business, and India set to clarify stance on crypto. Here is some of what’s happening, for Wednesday, November 21, 2018: Crypto Lawsuits on the Rise The digital currency industry magazine Diar is reporting that crypto-related lawsuits in the United States have mooned, with the…

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SEC Slaps Paragon, Airfox ICOs With $250,000 Fine

US regulator the Securities and Exchange Commission (SEC) repeated calls for ICO token issuers to comply with securities laws November 16 as it enforced penalties against Paragon and AirFox. Paragon, Airfox Will Lose Millions In a statement, the SEC appeared to seek a balance between permissiveness and enforcement of “well-established” rules as it confirmed legal…

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Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETF

New.Bitcoin.com has confirmed that the exchange-traded product tracking an index of five leading cryptocurrencies will start trading on Switzerland’s principal stock exchange on Nov. 21. The exchange has also confirmed that this product is not an exchange-traded fund (ETF). The country’s financial regulator, Finma, explains the differences. Differences Between ETPs and ETFs The news of…

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