Category

Defi

Category

On August 6, 2021, the U.S Securities and Exchange Commission charged two Florida men and their Cayman Islands company with unregistered sales of more than $30 million of securities using smart contracts and decentralized finance (DeFi). The SEC said this was its first case involving securities using DeFi. According to the SEC’s order, Gregory Keough, Derek Acree, and their company Blockchain Credit Partners, offered and sold securities in unregistered offerings through DeFi Money Market (DMM)…

On September 28, 2020, the National Office of the Superintendent of Securities (“SUNAVAL”) issued administrative guidelines under which it authorized the company Bolsa Descentralizada de Valores de Venezuela, S.A. (“BDVE”) to act as a decentralized stock exchange for 90 days (i.e., until 28 December 2020) (“Guidelines”). It also authorized (i) the registration of BDVE in the National Securities Registry, and (ii) the regulations and operating manual of BDVE. The BDVE website indicates that it is…