Defendant Argues Cryptocurrency is Not Security

We have reported in this space about how the SEC has indicated that most ICOs probably qualify as securities under U.S. law. see 1-3 and 1-23.  One of the SEC’s

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

Public Consultation Open for Draft Cryptocurrency Anti-money Laundering Rules in Australia

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recently published draft anti-money laundering and counter-terrorism financing rules (AML/CTF Rules) which are relevant to digital currency exchange service providers following

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AML, Australia, Cryptocurrency

Venezuela Launches the Petro

With most governments regularly issuing warnings against cryptocurrencies, Venezuela, on Tuesday, became the fist government to issue its own cryptocurrency, with the pre-launch of the Petro.  President Maduro announced on

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Cryptocurrency, Venezuela

U.S. SEC Charges Former Bitcoin-Denominated Exchange and Operator With Fraud

The U.S. Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange.  The SEC also

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ICO, Litigation, SEC, US

Swiss Regulator Issues Clear Guidelines for ICOs

In an effort to create clarity for market participants, the Swiss Financial Market Supervisory Authority FINMA published guidelines, on Friday,

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AML, ICO, Switzerland

U.S. SEC Halts Trading In 3 Penny Stocks Tied To Cryptocurrency

Section 12(k) of the Securities Exchange Act of 1934 provides that, “if in [the SEC’s] opinion the public interest and

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Cryptocurrency, Litigation, SEC, US

US Treasury Official Pushes for Worldwide Cryptocurrency Regulation

In a speech yesterday, Sigal Mandelker, the under secretary for terrorism and financial intelligence for the US Department of the

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AML, CFTC, Cryptocurrency

ESMA, EBA and EIOPA Warn Consumers on the Risks of Virtual Currencies

Consistent with the above post, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European

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IMF Chief Says that Cryptocurrency Regulation is “Inevitable”

We have reported often on statements by various governments concerning cryptocurrency regulation.  Most recently  In an interview with CNN over

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AML, Cryptocurrency

Hong Kong Regulator Warns of Cryptocurrency Risks

The Hong Kong Securities and Futures Commission (SFC) issued a statement today repeating an earlier alert to investors to the

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Cryptocurrency, Hong Kong