Regulatory

US Regulator Plays Hardball Over ICO Securities

Like some stocky wiseguy in New Jersey, the US Securities and Exchange Commission (SEC) just aint got time for any nonsense about initial coin offering (ICO) securities. The SEC has settled charges against two companies that sold digital tokens in ICOs.

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Japan Wants to Regulate Cryptocurrency Wallet Services

Despite granting the industry self-regulatory status, it seems Japanese regulators are still keen to keep an eye on things. The Japanese Financial Services Agency (FSA) recently announced that it is devising a regulatory framework for cryptocurrency wallet services, Bitcoin News reports.

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This Is How Politicians Should Regulate the Blockchain

Blockchain is touted as the solution for everything from managing electrical grids to forming a new religion, and like any innovation, it’s caught the attention of regulators. That shouldn’t panic startups planning to disrupt any particular industry – instead, anyone using the distributed ledger would be wise to call their local regulator first.

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Australian Banks Don’t Want Regulation Overhaul

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and ANZ announced this week that they are in agreement that consumer credit protection laws shouldn’t be extended to cover small business (SMB) lending.

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Fintech Should Expect Scrutiny Under Dem-Controlled House

Now that Democrats control the U.S. House, financial technology (fintech) companies should expect more hearings, summonses and scrutiny as federal regulators brainstorm the best way to regulate the exploding industry.

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Big Bank Breakups, Postal Lending and More: 2020 Dem Hopefuls’ Financial Agendas

Votes are still being counted in last week’s midterm elections and already much of the political discussion has shifted to the 2020 presidential contest. From progressives on the left, to those popular in states seen as pivotal in the next election, a potential Democratic field is already building at a fever pace.

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Who Ultimately Regulates Blockchain and Cryptocurrencies Does Matter

While no one can be certain how the market will shake out, it does appear that blockchain technology–and the myriad cryptocurrencies that have developed concomitantly–are likely to endure. Their advent has the potential of reducing the cost of undertaking various financial transactions, which would be a boon for investors as well as the U.S.

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Danger Lurks in Latest Deregulatory Push

Two weeks ago, the banking regulators, led by the Federal Reserve, issued a proposed rule that would substantially weaken certain safeguards put in place following the 2 financial crisis for many of the largest banks in the country. The class of U.S.

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What Democrats’ House Takeover Means for Banks

The recent stretch of the White House and both chambers of Congress exclusively being in the corner of alleviating post-crisis rules is over. The Democrats’ takeover of the House Tuesday will bring a sea change in the chamber’s rhetoric toward financial services issues.

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Merchants Need a Liability Plan to Conquer Crypto Payments

While cryptocurrency certainly represents an opportunity for vendors and payment intermediaries, their involvement with cryptocurrencies also brings legal and regulatory risks that merchants do not face when using other forms of payment.

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Financial Technology Needs Rules of Engagement

The race for technological control of money, information and payments systems is creating an unprecedented tension between market innovation and the role of financial regulation.

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SEC Official Says ‘Plain English’ Guidance on ICOs Is Coming

The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, its director of Corporation Finance said Monday. Speaking at the D.C.

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