“Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities. Offers and sales of these thousands of crypto security tokens are covered under the securities laws,” says Gary Gensler, Chair of the US Securities and Exchange Commission (SEC).
In addition to their expression of support for the work of the International Sustainability Standards Board – discussed here – the G7 Finance Ministers and Central Bank Governors have also strongly urged greater regulation of crypto assets, including enhanced disclosures.
US President Biden has this week issued an Executive Order on Ensuring Responsible Development of Digital Assets.
The European Securities and Markets Authority (ESMA) have published a report looking into the inconsistencies of fintech licencing across the EU. ESMA surveyed national competent authorities on the licensing regime of fintech firms in their jurisdictions, looking to assess how existing regulation of fintech firms diverge. While national authorities across the EU do not treat […]
Have you bought your Howey Coins yet? This is a once in a lifetime opportunity to combine the boundless optimism of the travel industry with the exceptional wealth of the cryptocurrency world…. … or it could be a scam. Or strictly speaking a scam on the scammers. Yes – this is a false flag operation from DERA at […]
The Reserve Bank of India (RBI) has banned regulated banks and their customers from dealing in cryptocurrencies. In an April 6 statement, the central bank announced that its regulated entities may not deal with or provide services to any individual or business dealing with or settling virtual currencies. Moreover any bank currently in a trading […]
Chairman of the global Financial Stability Board and Governor of the Bank of England, Mark Carney, was just one of the leading regulators around the world to call for new measures to reign in cryptocurrencies this week. Mr Carney warned that a range of crypto assets are exhibiting the “classic hallmarks of bubbles”. In a speech […]
The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). But are these new digital revolutions going to stand the test of time? The SEC’s chairman thinks so, but also heeds caution to investors seeking to get behind the trend. With the incredible growth in the BloThe world’s […]
Is the adoption of cryptocurrencies by central banks possible? Or maybe the right question in this regard should be “when?”. It seems that many central banks have already conducted a variety of tests to help answer this question. As you may remember from our previous story, back in July, the Bank of England released results […]