On May 28, 2020, the U.S. Securities and Exchange Commission announced charges against blockchain services company BitClave PTE Ltd. for conducting an unregistered initial coin offering of digital asset securities. In June 2017, BitClave began marketing the development of a platform called the BitClave Active Search Ecosystem (“BASE”). BitClave advertised that on BASE, once developed, customers would receive a digital asset the company created, CAT, in exchange for viewing and interacting with targeted ads. Around…
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- Court Dismisses Lawsuit Against Company that Added “Blockchain” To Its Name
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Recent
On May 22, 2020, the World Economic Forum’s Global Blockchain Council released the Presidio Principles. The WEF makes…
We previously reported here and here about the case the U.S. Securities and Exchange Commission brought against Telegraph. …
On May 13, 2020, Kenneth A. Blanco, the Director of the U.S. Financial Crimes Enforcement Network (“FinCEN”) delivered…
Ukraine is actively promoting a friendly regulatory environment for blockchain/cryptocurrency projects, in both the public and private sectors.…
The CFTC has issued new guidance on “actual delivery” of virtual currencies. The CFTC has long held that…
On April 30, 2020, the court in Takata v. Riot Blockchain, Inc., et al., No. 18-02293 (D. N.J.),…