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Securities stakeholders group recommends that ESMA provides clarity on regulation of cryptoassets

Cryptoassets continue to be a hot topic for financial services regulators. On 19 October 2018, it was the turn of the Securities and Markets Stakeholders Group (“SMSG“), which represents various

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Cryptocurrency, EU, Sandbox, Securities

FINRA Charges Broker for Securities Fraud and Unlawful Distribution of an Unregistered Cryptocurrency Security

On Tuesday, September 11, the Financial Industry Regulatory Authority (“FINRA”) took its first disciplinary action against an industry professional, charging a broker, Timothy Tilton Ayre, with securities fraud and the

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Enforcement, FINRA, Securities, US

Lithuania Issues ICO guidelines

Lithuania becomes the latest jurisdiction to release guidance in relation to ICOs. On 8 June 2018, the Lithuanian Government released new Guidelines to deal with what it referred to as

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AML, Cryptocurrency, ICO, Lithuania, Securities, Tax

U.S. SEC Chair Jay Clayton’s Mic Drop on Crypto-Assets and Whether the SEC Regulates Them: We Don’t Regulate Everything, But You Have to Do the Analysis

On June 6, U.S. SEC Chairman Jay Clayton was interviewed on CNBC about Bitcoin and cryptocurrencies.  He said, in effect, that “cryptocurrencies, these are replacements for sovereign currencies, replace the

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Cryptocurrency, ICO, SEC, Securities, US

U.S. SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin

The U.S. Securities and Exchange Commission obtained a court order freezing more than $27 million in trading proceeds from allegedly

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Cryptocurrency, Litigation, SEC, Securities, US

Class Action Lawsuit Brought Against Nano

A class action lawsuit was brought today on behalf of investors in Nano f/k/a RaiBlocks (XRB), alleging, according to the

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Cryptocurrency, ICO, Litigation, Securities, US

U.S. SEC Brings Civil and Criminal Charges Against Founders of Centra Cryptocurrency Firm

The U.S. Securities and Exchange Commission announced today that it charged two co-founders of a purported financial services start-up with

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

Massachusetts Regulator Halts Five ICOs

The office of Massachusetts Secretary of State announced today that it had halted ICOs from five companies, claiming that the

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ICO, Litigation, Securities, US

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

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

SEC and CFTC Chairmen Testify Before Congress

SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo testified today before Congress on the subject of virtual currencies.  The

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CFTC, Cryptocurrency, SEC, Securities, US