Tagged: regulations

January 10, 2021 @ 7:00 pm By Jayanta Roy  |  

Peer-to-peer (P2P) lending has come a long way since its early days as a casual crowdfunding platform. Today, individual borrowers and small and medium-sized enterprises (SMEs) can access loans without the hassle of going through banks and lengthy financial assessments. Still, P2P lending is a… Read More

November 27, 2020 @ 11:43 am By Gautam Gujral  |  

On November 2, 2020, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) voted to amend its rules to harmonize, simplify, and improve the exempt offering framework. These amendments will, in general, be effective 60 days after publication in the Federal Register. Bigger is Better An… Read More

November 4, 2020 @ 11:18 am By JD Alois  |  

As previously reported, the Securities and Exchange Commission (SEC) has updated the exempt offering ecosystem – changes that impact online capital formation including Reg CF and Reg A+. The amendments published the SEC include funding cap increases to both the aforementioned exemptions while additional updates,… Read More

November 2, 2020 @ 12:51 pm By JD Alois  |  

During an open meeting of the Securities and Exchange Commission (SEC), the Commission approved updates to the exempt offering ecosystem that are designed to improve access to capital, boost access to greater opportunity for investors while maintaining important investor protection criteria. In a party-line vote,… Read More

September 25, 2020 @ 11:08 am By Omar Faridi  |  

Gabriel J. Shapiro, a US attorney focused on mergers and acquisitions (M&A), venture, governance, Infosec, and digital assets, has noted that if you really care about cryptocurrency-related laws and proper governance, then you should know that the most “important” or relevant content out there right… Read More

September 15, 2020 @ 8:22 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, has released an updated report, titled, Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing. Published on September 14, 2020, the report notes that… Read More

June 13, 2020 @ 9:36 am By Omar Faridi  |  

Indian officials are reportedly considering passing a law that would ban the use of decentralized cryptocurrencies.  As reported by India’s Economic Times, the nation’s government might see a legal framework as being more effective than the Reserve Bank of India’s (RBI) blanket ban on crypto-assets…. Read More

June 1, 2020 @ 5:13 pm By Omar Faridi  |  

Zebpay, a digital currency wallet and exchange provider that began its relaunch in India earlier this year, will be working with blockchain security and analysis firm Chainalysis to monitor crypto-asset transactions performed across its platforms for Indian consumers. Chainalysis had already been providing its Know… Read More

May 1, 2020 @ 7:30 pm By Omar Faridi  |  

The legislative assembly of the Cayman Islands has introduced five new pieces of legislation that may be used to regulate local firms dealing in cryptocurrencies. The proposed rules have mainly been created to monitor the operations of digital asset exchanges. The Virtual Asset Service Provider… Read More

May 1, 2020 @ 1:01 am By Omar Faridi  |  

Japan’s financial regulator, the Financial Services Agency (FSA), has certified two organizations as Certified Financial Instruments and Exchange Associations. As confirmed in an announcement made on April 30, 2020, the FSA has officially recognized the Japan STO (security token offering) Association and the Japan Virtual… Read More

April 11, 2020 @ 10:52 am By Omar Faridi  |  

The European Parliament suggests that the EU should consider broadening the existing definition of digital assets or cryptocurrencies and expand its current list of blockchain or crypto-related organizations that may need to follow financial regulations. The EU adopted the Fifth Anti-Money Laundering Directive (AMLD5) back… Read More

October 7, 2019 @ 7:30 am By Omar Faridi  |  

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has released an updated regulatory framework for digital asset fund managers. The SFC posted the guidelines on its official website on October 4. SFC’s 37-page document, titled “Proforma Terms and Conditions for Licensed Corporations which… Read More

October 7, 2019 @ 6:46 am By Omar Faridi  |  

South Korea’s regulators have consistently preferred supporting blockchain-related initiatives over decentralized crypto tokens. Recent events confirm that the nation’s authorities are more inclined to support blockchain technology itself rather than investments in speculative cryptocurrencies.  According to local reports, approximately 97% of local crypto-asset exchanges might… Read More

September 27, 2019 @ 11:16 am By Omar Faridi  |  

Libra Association managing director and COO Bertrand Perez has said that the Facebook-backed stablecoin project could be a boon to the United Nations. Perez, whose comments came during a recent blockchain event held at the UN headquarters in Geneva (where the non-profit Libra Association is… Read More

September 24, 2019 @ 8:01 am By Omar Faridi  |  

The governor of the Bank of Japan (BoJ) Haruhiko Kuroda has requested the international community to work together to develop a regulatory framework for stablecoins, including Facebook’s Libra. In statements shared with Reuters on Tuesday, Kuroda noted: “If Libra is introduced, it could have a… Read More

February 7, 2019 @ 7:01 am By Erin Hobey  |  

OpenInvest, lanched in 2015 by Phil Wei and Conor Murray, the investment platform is a public benefit corporation (PBC) that wants to use tech to “bring honesty and transparency to financial services.”The platform seeks to give investors the opportunity to “align their values” with their… Read More

March 20, 2018 @ 8:48 am By Erin Hobey  |  

Step in line, crypto platforms. Global Digital Finance (GDF) has launched to drive a code of conduct for cryptoassets. Non-profit GDF has convened key stakeholders to develop a global code of conduct and a taxonomy for cryptoassets, comprised of global distributed ledger and cryptoasset space… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

August 15, 2017 @ 11:31 am By Ryan Feit  |  

Some equity crowdfunding platforms are putting startups at serious risk.  Working with a platform that doesn’t structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of equity crowdfunding is a… Read More

August 6, 2017 @ 6:51 pm By JD Alois  |  

The Commissão de Valores Mobiláros (CVM) in Brazil has published their regulatory regime to legalize investment crowdfunding. The document outlining the rules is embedded below (in Portuguese). The Investment crowdfunding regulation (Regulation 588) creates a new exemption for issuers of securities to raise funding online…. Read More