The digital currencies have in the past received praise and criticism in commensurate measure. The colossal rise in crypto thefts and scams has necessitated the need for laws to govern the space. According to a report by Cipher trace, Thefts, Fraud, and Scams amounted to more than $1.2 billion in the first quarter of 2019.…
In a whitepaper issued through a press release earlier this year, the Depository Trust and Clearing Corporation (DTCC) highlighted the principles governing after-trade operations of security tokens. Tokenized securities are digital types of securities used by firms to raise capital for their projects. They include equities and bonds. These
guiding principles are targeted at regulators…
Being part of a community is crucial to any investor’s growth. This is particularly true for the cryptocurrency sector, where stakeholders have to be up to date with the latest information before committing their money. Perhaps that is why the US Securities & Exchange Commission (SEC), through its Strategic Hub for Innovation & Financial Technology…
Germany recently disclosed its plans to launch a blockchain strategy within the course of this year. This was after an inquiry by the parliament which is the body responsible for the nation’s fintech systems. Early last year on 8th March 2018, the European Union announced its Fintech Action Plan. The goal of the plan…
In a summary released on the 14th of December by the State Secretariat for International Finance of Switzerland, the various conclusions drawn in the regulatory meeting where the legal framework of blockchain and DLT in the finance sector was discussed on the 7th of December. Documents from the meeting itself were also shared with the public. The…
Understanding Cryptocurrency Regulatory Trends During the last couple of years,
cryptocurrency regulation has been a subject on the agenda of most governments
throughout the world. However, the regulatory approach varies widely from
country to country, as some have chosen to adopt a crypto-friendly regulation,
whereas others have outright banned the technology. In this article, we’ll take you
on a journey…
The November 5 deadline set by the U.S. Securities and Exchange Commission (SEC) in relation to public comments on nine Bitcoin exchange-traded fund (ETF) proposals has passed with the Commission now focused on ending their review process and coming to a final decision. Under Review The SEC had originally rejected the proposals back in August citing…
Venezuela has taken quite a bold and appreciable initiative by announcing to help out the poverty-stricken class of the country. Ildemaro Villarroel, who happens to be Venezuelan Habitat and Housing minister, updated the news outlets and also went forth to mention that this latest cryptocurrency, Petro, will be backed by the oil production. Basically, the…
The cryptocurrency market has been unstable for some months now, and much concern has been raised on the need for a policy to be made to catapult the various tokens to a different price height. A favorable regulation, in this case, can revive the hope of crypto investors, however, XRP has been sidelined from any…
In light of the recent Bitcoin price rally, the European Parliament Committee on Economic and Monetary Affairs issued a report outlining their expectations of the future for the cryptocurrency industry. The committee considers that if central banks would get involved in the market and begin issuing centralized digital currencies, traditional coins like Bitcoin could be…