Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives. Gary Gensler, who chaired the CFTC from 2009…
Continue Reading
The Takeaway Congressional hearings on Facebook’s Libra project are likely to focus more on the company’s privacy failings than on unresolved policy questions for cryptocurrency. Lawmakers will probably also grill…
Continue Reading
Canada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach. Kik and the Blockchain…
Continue Reading
Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday. Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill…
Continue Reading
Digital contract management startup Clause has raised $5.5 million in a Series A round led by crypto merchant bank Galaxy Digital. The funding round also saw investment from electronic signature…
Continue Reading
Jed McCaleb, the founder of Mt. Gox, faces a lawsuit over his handling of the now-defunct bitcoin exchange. The two plaintiffs, former Mt. Gox traders Joseph Jones and Peter Steinmetz,…
Continue Reading
The U.S. House Financial Services Committee will host a hearing on Facebook’s libra cryptocurrency next month, one day after the Senate Banking Committee holds its previously announced hearing. Maxine Waters,…
Continue Reading
Cryptocurrency regulation will take a step forward during the upcoming V20 Summit where country representatives will assess the new course of legal action proposed by the international Financial Action Task Force…
Continue Reading
The head of the U.S. House of Representatives Financial Services Committee wants Facebook to stop developing its new Libra cryptocurrency network – at least temporarily. Congresswoman Maxine Waters asked Facebook to…
Continue Reading
THE TAKEAWAY: FINRA has sat for months on roughly 40 broker-dealer applications from companies dealing in crypto assets, denying them a broker-dealer license that would let these firms offer securities in the…
Continue Reading
The SEC has filed a complaint against Kik, claiming the company’s initial coin offering was a breach of federal securities law. We brought in three outspoken lawyers to discuss the…
Continue Reading
Nevada passed regulatory sandbox legislation aimed at continuing blockchain investment and entrepreneurism in the state. Governor Steve Sisolak signed the “blockchain bills” on June 7 and 13. These are parcel…
Continue Reading
The Australian Taxation Office (ATO) may soon crack down on major tax avoidance schemes using cryptocurrencies. According to a report from The Sydney Morning Herald on Thursday, the ATO is…
Continue Reading
The U.S. Securities and Exchange Commission (SEC) filed new charges against fintech company Longfin Corp. and its CEO, Venkata Meenavalli, alleging that the company committed fraud when it claimed to…
Continue Reading
The U.S. Securities and Exchange Commission has sued messenger app maker Kik for its $100 million ICO – which the agency contends was an unregistered securities sale – and the regulator…
Continue Reading
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services. On Monday, the Israeli Supreme Court…
Continue Reading
It was billed as an opportunity for the Securities and Exchange Commission to learn more about cryptocurrency. But what was striking about Friday’s forum was how much the agency’s staff…
Continue Reading
Startups that conducted initial coin offerings (ICO) years ago may be eligible for relief from potential enforcement actions by the U.S. Securities and Exchange Commission, an agency official said Friday.…
Continue Reading
At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting. The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday…
Continue Reading
Craig Wright, the Australian entrepreneur who recently and controversially filed copyright registrations for the bitcoin white paper and original code, now has a legal rival. A second copyright registration (number…
Continue Reading
A group of U.S. lawmakers has urged advisors to President Donald Trump to include blockchain on their list of emerging technology initiatives. The bipartisan letter, which was spearheaded by U.S.…
Continue Reading
Canada-based messaging app firm Kik has launched a crypto crowdfunding campaign to support a likely court battle with the U.S. Securities and Exchange Commission (SEC) over its 2017 initial coin…
Continue Reading
Hacked cryptocurrency exchange Cryptopia, which went into liquidation earlier this month, has now filed for bankruptcy protection in the U.S. Cryptopia’s assigned liquidator, professional services firm Grant Thornton New Zealand,…
Continue Reading
LocalBitcoins has officially shut off service for Iran-based users, a move that follows weeks of rising rial trading volumes on the platform. The Helsinki-based peer-to-peer exchange has not explicitly said why…
Continue Reading
The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities. Calling it the the “first law enforcement…
Continue Reading
An Israeli court has ruled that bitcoin is an asset and not a currency, and thus subject to capital gains tax (CGT). The Central District Court made the ruling in…
Continue Reading
Reports of cryptocurrency and foreign exchange scams in the U.K. grew threefold in the last financial year – spiking to 1,834 from 530 in the previous year, according to the…
Continue Reading
The Takeaway The Financial Action Task Force (FATF) is set to finalize new international standards for regulating cryptocurrency firms next month. Those standards are widely expected to subject crypto exchanges,…
Continue Reading
Steve Beauregard of the Bloq talks about his favorite work: answering subpoenas. Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c… Site: https://www.coindesk.comFacebook: https://www.facebook.com/CoinDeskTwitter: https://www.twitter.com/coindeskInstagram: https://www.Instagram.com/coindeskNewsletter: https://www.coindesk.com/newsletter/Twitter (Markets): https://www.twitter.com/coindeskmarkets CoinDesk is the leading…
Continue Reading
Mike the HODL Guy describes his first experience buying Bitcoin and the resulting freeze on his bank account. Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c… Site: https://www.coindesk.comFacebook: https://www.facebook.com/CoinDeskTwitter: https://www.twitter.com/coindeskInstagram: https://www.Instagram.com/coindeskNewsletter: https://www.coindesk.com/newsletter/Twitter…
Continue Reading
According to a Reuters report, Facebook registered a new company, Libra Networks, in Geneva on May 2. This coincides with the slow roll-out of their internal cryptocurrency that will define…
Continue Reading
Kik’s CEO says the company has spent $5 million engaging with the U.S. Securities and Exchange Commission (SEC) over what the regulator claims was an unregistered securities sale. Kik, a…
Continue Reading
J. Christopher Giancarlo is Chairman at U.S. Commodity Futures Trading Commission, the agency of the US government that regulates futures and options markets. This will be the last time I…
Continue Reading
U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers who hold cryptocurrency resulting from blockchain network splits, or hard forks. Emmer revealed his intention to reintroduce…
Continue Reading
Facebook hired two Coinbase veterans to work in compliance this month, and at least one of them is involved with the social media giant’s blockchain effort. Jeff Cartwright left Coinbase…
Continue Reading
The U.S. Securities and Exchange Commission (SEC) again delayed a decision on whether to approve or reject a bitcoin exchange-traded fund (ETF) on Tuesday. In a new document published by the…
Continue Reading
Boxer Floyd Mayweather, music producer DJ Khaled and two employees of an ICO project have been dismissed from an investor lawsuit by a federal judge. According to a new court…
Continue Reading
Certain exchanges that facilitate initial exchange offerings (IEOs) may be breaking U.S. securities laws, a top Securities and Exchange Commission official has said. Speaking Monday at CoinDesk’s Consensus 2019 conference…
Continue Reading
Dubai-based crypto exchange BitOasis is one step closer to launching a regulated custodian and trading platform in United Arab Emirates after receiving an in-principle approval (IPA) from the nation’s financial…
Continue Reading
The Federal Reserve of Boston is starting a new blockchain experiment this summer. The Massachusetts state regulator has been one of the earliest and most involved government bodies to dip…
Continue Reading