Politics, Legal & Regulation

September 12, 2021 @ 9:31 pm By Xu Gao  |  

Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Beijing would give priority to the development… Read More

September 10, 2021 @ 9:56 am By JD Alois  |  

Next week, Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify before the US Senate Banking Committee. The routine hearing is about the “Oversight of the U.S. Securities Exchange Commission,” but you may anticipate a good amount of testimony on issues surround Fintech and,… Read More

September 10, 2021 @ 7:52 am By Omar Faridi  |  

Switzerland’s stock exchange SIX has reportedly acquired regulatory approval from the financial market supervisor for its SDX bourse. This should help with paving the way for the platform to be deployed with its marketplace for crypto-assets. Thomas Zeeb, Global Head of Exchanges at SIX, noted… Read More

September 8, 2021 @ 9:18 pm By JD Alois  |  

Last week in the blitz towards the Labor Day holiday weekend, the Securities and Exchange Commission (SEC) filed an administrative proceeding pertaining to Direct Lending Investments (DLI) and an enforcement action that alleged securities fraud. In mid-2019, the SEC filed charges against DLI and its… Read More

September 8, 2021 @ 10:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee is scheduled to hold a meeting tomorrow (September 9th). The topics of discussion include two panels: “Reimagining Investor Protection in a Digital World: the Behavioral Design of Online Trading Platforms;” A discussion regarding competition and regulatory… Read More

September 8, 2021 @ 8:53 am By JD Alois  |  

Billon has announced that it is one of 7 selected blockchain providers that will be part of the European Union’s European Blockchain Services Infrastructure project (EBSI). The selection is a sign of validation for the blockchain firm. Yesterday, it was announced that IOTA had been… Read More

September 8, 2021 @ 8:14 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest digital asset trading platform in the US, has received a Wells Notice from the US Securities and Exchange Commission. A Wells Notice is a legal document that indicates the SEC is investigating the company indicating it may pursue an enforcement action… Read More

September 7, 2021 @ 10:47 am By JD Alois  |  

IOTA, a scalable, feeless, and decentralized distributed ledger technology, has been selected for the European Blockchain Services Infrastructure (EBSI), a project organized the by the European Union. Dominik Schiener, co-founder and Chairman of the IOTA Foundation, said they are very excited about the selection in… Read More

September 7, 2021 @ 7:56 am By Paul H. Jossey  |  

Progressives should love cryptocurrency, the latest innovation that brings power to the people. Turns out, they don’t. Perhaps surprisingly, it is precisely because crypto circumvents the corporate, permissioned, speech-controlled online world that angers progressives. Crypto threatens to nix not just the corporation but also the… Read More

September 6, 2021 @ 11:37 pm By Omar Faridi  |  

Singapore Exchange (SGX) recently revealed that they’ve created updated rules that will allow Special Purpose Acquisition Companies (SPACs) to list on its Mainboard “effective 3 September 2021.” Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), noted that SGX’s SPAC framework should give firms… Read More

September 6, 2021 @ 12:38 pm By JD Alois  |  

In a speech delivered at the Cambridge International Symposium on Economic Crime, FCA and PSR Chair Charles Randall discussed some hot topics in the financial services sector – fraud and scams. More specifically, crypto scams and the regulation of digital assets or tokens. Currently, the… Read More

September 5, 2021 @ 5:16 pm By Xu Gao  |  

Data Security Law Comes Into Effect  On September 1st, the Data Security Law came into effect. Together with Cyber Security Law and Personal Information Protection Law, the three regulations shall lay the foundation for information security in China. The 29th session of the Standing Committee… Read More

September 3, 2021 @ 10:46 am By JD Alois  |  

Uniswap is under investigation by the US Securities and Exchange Commission (SEC), according to a report by Reuters. Uniswap is a DeFi leader and is said to be the largest decentralized digital asset exchange in operation. The Uniswap protocol facilitates crypto trading by utilizing smart… Read More

September 2, 2021 @ 7:57 pm By Omar Faridi  |  

Digital securities exchange ADDX – previously doing business as iSTOX – expects to “enlarge its business in China significantly, after concluding a $200-million agreement tied to a government-granted quota for Chinese offshore investments,” according to an update shared with Crowdfund Insider. The Qualified Domestic Limited… Read More

September 2, 2021 @ 9:39 am By Omar Faridi  |  

The Chancellor Rishi Sunak has decided to put John Flint, ex- Chief Executive at HSBC, at the helm of UKIB. Flint will be responsible for leading the UKIB to promote investments into various infrastructure initiatives that aim to lower emissions and assist with leveling up… Read More

September 1, 2021 @ 3:26 pm By JD Alois  |  

Remember Bitconnect? If you do, well, it was fun while it lasted. If you need a reminder,  just watch this video below. https://www.youtube.com/watch?v=lCcwn6bGUtU BitConnect is emblematic of the pomposity and absolutely ridiculous heyday of the initial coin offering boom and ensuing bust. The whole thing… Read More

September 1, 2021 @ 12:21 pm By JD Alois  |  

Two weeks ago, the UK Financial Conduct Authority posted a “Dear CEO” letter directed at investment crowdfunding platforms. The letter, signed by Debbie Gupta, Director of Consumer Investments Supervision, cautioned platforms on both the risk of investments being offered to investors as well as the… Read More

September 1, 2021 @ 7:48 am By Omar Faridi  |  

The team at coinpass is pleased to confirm that they’ve been granted approval to serve as a registered crypto-assets company. The approval has been given by the UK’s Financial Conduct Authority (FCA). As mentioned in the announcement, the coinpass management team have always “believed in… Read More

August 31, 2021 @ 3:28 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) today sanctioned eight firms in three actions for failures in their cybersecurity policies. The companies were also penalized for faulty procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each… Read More

August 31, 2021 @ 11:58 am By JD Alois  |  

The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple and its founders continues to work its way through the halls of justice.  While the SEC continues to pursue its belief that XRP (the digital currency created by Ripple) has always been… Read More