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SEC

Thailand Approves 4 New Cryptocurrency Service Providers

<header class=”article__header”> </header> <strong>The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses.</strong> …

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Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment

The operator of now-defunct Bitcoin (BTC) exchange BitFunder, Jon Montroll, has received a 14 months prison sentence following federal charges of obstruction of justice and securities fraud, finance and trading industry news outlet FinanceFeeds reported on July 12. The proceedings against Montroll began last year. In July 2018, Montroll pleaded guilty to obstruction of justice, …

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

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US SEC Approves Blockstack Token Offering Under Regulation A+

The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on June 10. Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously …

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SEC, FINRA Issue Explanation of Crypto Custodian Approval Delay

The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) believe there are a number of questions they need to address before they can approve crypto companies’ applications to become broker-dealers. In a joint statement Monday, the SEC Division of Trading and Markets and FINRA’s office of general counsel outlined the …

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Top-10 Industries Being Transformed by Blockchain

After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in …

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Kik Hands Off Defend Crypto Frund to The Blockchain Association

The Blockchain Association, a collective of advocates involved with the blockchain industry, has taken over the Defend Crypto fund set up by Kik According to an official blog post on June 28, Kik — the company behind Kik Messenger and the kin (KIN) cryptocurrency — believes that the Blockchain Association “will be in the best …

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Blockchain Association Takes Over Kik’s ‘Defend Crypto’ Crowdfunding Effort

Canada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach. Kik and the Blockchain Association announced Friday that the D.C.-based lobbyist group would be taking over “Defend Crypto,” the crowdfunding initiative that Kik previously launched to raise funds for …

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Bitmain IPO Plans May be Rekindled With Crypto Winter’s End

Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining hardware producer is allegedly preparing to file documents with the United States Securities and Exchange Commission (SEC) to hold its share sale on U.S. soil. Bitmain …

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SEC Begins Accepting Public Comments on ETF Backed by Bitcoin and T-Bills

The U.S. Securities and Exchange Commission is kicking off the public comment period for a proposed exchange-traded fund (ETF) backed by bitcoin and Treasury bills. The SEC published a rule change proposal Tuesday which would allow Wilshire Phoenix Funds to list shares of the ETF on the NYSE Arca exchange, announcing the beginning of a 21-day …

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