Tag Archives: Securities

SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities

The Securities and Exchange Commission (SEC) issued a cease-and-desist order against a crypto investment fund for distributing unregistered securities. The US securities regulator also slapped CoinAlpha Advisors LLC, a Delaware-based blockchain financial products company, with a $50,000 fine. Continue reading SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities

Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. Continue reading Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

Thai Securities Regulator Considers Various STO Classifications for Regulatory Framework

The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law, English-language daily Bangkok Post reports Nov. 29. Continue reading Thai Securities Regulator Considers Various STO Classifications for Regulatory Framework

Crypto-Endorsements Gone Sour | A Celebrity Special

Over the past one and a half years, the ICO crowdfunding trend has grown tremendously. There is no doubt that an overwhelming number of blockchain-based projects are significantly sprouting every day. Continue reading Crypto-Endorsements Gone Sour | A Celebrity Special

Swiss Finance Regulator to Treat Some ICO Tokens As Securities

In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations that apply to them. With the situation currently “partly unclear,” the new guidelines have been released to clarify the status of projects wishing to launch a token sale project within the country. “Creating transparency at this time is important given the dynamic market and the high level of demand,” the authority states. Notably, FINMA will determine the applicability of regulation to crypto tokens on a case-by-case basis, taking a similar stance to that of the U.S. Securities and Exchange Commission in guidance released last July. When assessing ICOs, FINMA said it will focus on the “economic function and purpose of the tokens,” with the “underlying purpose of the tokens and whether they are already tradeable or transferable” being primary factors in how they will be classified.

Reference: https://www.coindesk.com/switzerland-will-treat-some-icos-as-securities-finance-regulator-says/