Airfox CEO Comments on Latest ICO Regulations After SEC's Landmark Settlement
December 23, 2018 11:32 PM Discuss Airfox CEO Victor Santos recently settled with the SEC. The platform is a decentralized system that held a token sale in 2017 which raised $15 million. The SEC investigated the ICO and argued that the platform had violated securities laws by not registering its native AirTokens as securities before the sale. Santos settled with the SEC and has been ordered to offer refunds to the platform's investors. He also must pay a $250,000 fine, he must register with the SEC, and file quarterly annual reports. Some are calling this as the downfall of the ICO process in the United States. DecryptMedia interviewed with Santos concerning the action and here is an overview of what took place. Those who are interested in reading the full interview can go here.
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G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting
December 03, 2018 8:13 PM Discuss Leaders from the Group of 20 nations reiterated their pledge to regulate crypto-assets as part of a communique released Sunday after a meeting in Buenos Aires. In a declaration titled Building consensus for fair and sustainable development, the G20 participants committed to a number of measures to help grow the global economy. As in past meetings of group members, the document highlighted cryptocurrencies as one area in need of greater regulation. We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed, the document stated.
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Crypto Bear Market Gives UK Regulators Breathing Space to Finalize Crypto Regulation
November 21, 2018 12:15 PM Discuss The cryptocurrency market crash has eased pressure on the U.K.s financial regulator to introduce hasty new rules for the sector. The cryptocurrency market crash has eased pressure on the U.K.s financial regulator to introduce hasty new rules for the sector The cryptocurrency market crash has eased pressure on the U.K.s financial regulator to introduce hasty new rules for the sector, Reuters reported Nov. 20. As Reuters outlines, the U.K.s Financial Conduct Authority (FCA) had been pressed to expedite new regulation for the rapidly growing crypto space, raising the risk of a heavy-handed approach that could impede investment and stifle development.
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UK: New Report Warns Over Bad Government Cryptocurrency Regulation
October 29, 2018 11:30 AM Discuss Critics call British authorities plans to increase regulatory control of Bitcoin and cryptocurrencies a very blunt instrument approach. According to the document seen by the Telegraph, bad regulation is worse than no regulation at all U.K. businesses and analysts have hit back at government plans to regulate cryptocurrencies and related technology, describing them as a blunt instrument approach, British daily news outlet the Telegraph reported Monday, Oct. 29. Calls to step up the level of power the country's finance regulator, the Financial Conduct Authority (FCA), has over cryptocurrency which Cointelegraph reported on in September allegedly focus on consumer protection and anti-money laundering (AML) policy.
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SEC opens "ICO office" to answer your regulatory queries - Decrypt Media
October 18, 2018 10:32 PM Discuss A daily news site covering all things crypto and the advent of the decentralized web. Worried your token offering may not pass regulatory muster The Securities and Exchange Commission will now take your questions via FinHub. In response to growing concern regarding the lack of regulatory clarity surrounding ICOs, the SEC has launched a new division it says will help answer the public's crypto-related questions. On Thursday, the SEC unveiled the Strategic Hub for Innovation and Financial Technology, or FinHub. The agency says FinHub will directly engage with the public using a web portal, which investors, developers, and other interested parties can use to file their inquiries.
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