The London Stock Exchange has issued its first-ever shares in tokenised form on the platform. Equity in financial technology company 20|30 was issued using the blockchain technology.
The Securities and Exchange Commission today charged Gladius Network LLC with conducting an unregistered initial coin offering, which the company self-reported to the SEC – avoiding a fine in the process by returning the cash it raised to investors.
The US Securities and Exchange Commission (SEC) has given further guidance on security laws, the Howey test, and how they will apply regulation to cryptocurrency token sales.
The discussion around cryptocurrency’s future cannot be had without talking about the controls needed to make the asset more secure for investors. In truth, this may be the single biggest challenge to market growth.
Blockchain is booming – in the finance, tech, and even in retail and hospitality sectors. But regulation around blockchain has become something of a black cloud hanging over what previously seemed like a land of milk and honey for businesses and entrepreneurs.
VanEck’s founder and CEO, Jan Van Eck, said that the firm is ready to answer many of the SEC’s questions but in order to make its case “clearly and convincingly to the regulators” it needs the US government to reopen.
The UK’s financial regulator, the Financial Conduct Authority, is today consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates, and could extend the expected ban on the retail sale of crypto derivatives to other cryptoassets.
Speaking on Bloomberg TV in Davos, Huw van Steenis, senior advisor to Bank of England Governor Mark Carney, said “cryptocurrencies fail fundamental tests of financial services.”
Russia’s lower house of parliament, State Duma, is looking to adopt a long-awaited piece of legislation concerning digital financial assets by March, according to TASS, and that it will define cryptocurrencies as property.
On the tenth anniversary of Bitcoin, veteran crypto lawyer Addison Cameron-Huff has launched the first all-crypto legal firm.
China will begin to enforce new regulations for blockchain platforms from next month.
