Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange

The US Securities and Exchange Commission (SEC) has charged the founder of decentralized Ethereum exchange (DEX) EtherDelta with operating an unregistered exchange. As a DEX, the crypto trading platform allowed users to trustlessly trade Ethereum-based tokens without registering accounts or entrusting their funds to an exchange-controlled wallet. Trading was managed by a smart contract, though The post Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange appeared first on CCN

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Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York

The world’s largest bitcoin ATM company has finally received official approval to operate in New York. They had previously been operating in New York almost since the company’s inception via a provisional license. Last year, they received coverage in the New Yorker and have frequently been in the news with word of new ATMs across The post Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York appeared first on CCN

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Hong Kong Stock Exchange Proposes Framework for Regulating Cryptocurrency

The Hong Kong Stock Exchange (HKEX) believes that legal frameworks around finance and cryptos should be the same. The world’s sixth largest stock exchange in its research paper looks at the need for regulators to keep up with the pace of financial technologies. And if they lag behind, the existing laws of finance should be The post Hong Kong Stock Exchange Proposes Framework for Regulating Cryptocurrency appeared first on CCN

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Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz

One of the top markets regulators in the United States said yesterday that he believes smart contract developers should in some instances be held liable when their blockchain applications are used in conjunction with illegal activities. Brian Quintenz, a commissioner at the Commodity Futures Trading Commission (CFTC), made this statement on Monday at the GITEX The post Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz appeared first on CCN

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Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator

The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in reaction to the growing appetite for cryptocurrencies like bitcoin among retail investors and traders – by regulating the The post Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator appeared first on CCN

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IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk The post IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System appeared first on CCN

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CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years The post CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump appeared first on CCN

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South Korea Rejects Crypto Exchanges as Venture Firms, Taxes to Double

In a blow to the industry, the government of South Korea has stuck with its legislative proposal to exclude the cryptocurrency and blockchain industry from being certified as venture firms. First proposed by South Korea’s Ministry for Small and Medium Enterprises (SMEs) and Startups in August, the revision to the law called for Korea’s domestic The post South Korea Rejects Crypto Exchanges as Venture Firms, Taxes to Double appeared first on CCN

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