Oct 04, 2019 at 11:42
U.S. Court Orders Longfin Cryptocurrency Firm to Pay Nearly $7 Mln in Fines
Longfin Corp., a NASDAQ-listed independent finance and tech firm, that unexpectedly jumped onto the cryptocurrency bandwagon with the aim of benefiting from the bitcoin (BTC) bull run that happened in December 2017, was recently ordered by a New York federal court to recompense around $7,000,000 in fines and disgorgement for fake operations, as per a U.S. SEC report issued on Sept 30.
Sep 12, 2019 at 10:26
Ex US Congressman Calls for Blockchain and Cryptocurrency Regulations
Former United States Democratic Congressman from Tennessee’s 9th congressional district Harold Ford Jr. has suggested that Washington should try to avoid half-measures as far as cryptocurrency legislation is concerned. A successful financial managing director believes that the government has been slow to react to the cryptocurrency and blockchain industry, and thinks that this might damage innovation in the future.
Sep 04, 2019 at 15:50
Cryptocurrency ETFs Might Bypass SEC’s Postponement
Several Bitcoin (BTC), cryptocurrency and blockchain advocates have been trying, without much success, to get regulatory authorization for funds so that cryptocurrency like bitcoin can be brought to potential investors. Two giant companies are now considering using a temporary fix.
Buying Bitcoin Within Italy and Europe is Now Easy
While the United States Securities and Exchange Commission (US SEC) continues to take time and postpone the listing of the first exchange-traded funds (ETFs), Bitcoin and other cryptocurrencies in Italy and the rest of Europe the number of tools that replicate the cryptocurrency trend. As the entire blockchain ecosystem is waiting for the approval or disapproval of cryptocurrencies ETFs by the US SEC, buying and selling of bitcoin and other altcoins and also investing in funding is now as easy as drinking water in Italy and Europe at large.
U.S. SEC Postpones Verdicts on 3 Bitcoin ETFs Applications by Asset Managers
The U.S. Securities and Exchange Commission (SEC), the agency responsible for regulating electronic securities markets in America, has once again postponed its verdict on 3 Bitcoin exchange-traded funds (ETFs) applications. ETFs are considered by many in the digital asset industry as a breakthrough for mass adoption of BTC and other virtual currencies.
The US SEC Warns Against the Disclosure Statements
The United States Securities and Exchange Commission (US SEC), a self-regulating agency of the US Federal government, has cautioned the public about the use of "may" statements in advisor disclosures. On April 30 this year, the District of Columbia Court of Appeals upheld charges of slipshod abuses of the Advisers Act that were submitted by the agency’s Division of Enforcement against The Robare Group (TRG).
Japan in Fear of Cryptocurrency ETFs Due to Price Volatility
Japan is suspicious about cryptocurrency-based exchange-traded funds (ETFs) due to price volatility. According to the remarks from the upper house of the National Diet that happened recently, the country’s monetary watchdog Japanese Financial Service Agency (FSA) expressed a watchful stance towards ETFs.
SEC Delays Cryptocurrency ETF Verdict, is This a Good Thing?
The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is not such a bad thing since institution of such legal actions is suitable at this moment taking into consideration the legal and policy matters originating from the suggested rule amendment.
Another Bitcoin ETF Suspended: How Long Must We Wait?
The United States (US) Securities and Exchange Commission (SEC) postponed another VanEck Bitcoin ETF approval, as per an authorized SEC filing on Monday. The US SEC, one of the agencies in charge of implementing federal securities law, as well as regulating the securities sector, stock and exchanges such as digital securities markets, said that it still needs time to collect more key information.