Tag Archives: Legal

Romper Room to White Linen: Saying Goodbye to Crypto’s Infant Anarchy

Sheila Bair is an advisor to Omniex, a technology company providing services to institutional investors, and a board member of the Paxos Trust, a regulated trust company developing blockchain technology. She does not own crypto assets. The views expressed are her own. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  When our children were small,… Read More »

The CFTC Wants to Learn More About Ethereum

The U.S. Commodity Futures Trading Commission (CFTC) wants to learn more about ethereum, its technology, and the markets that have built up around it. In a “Request for Input” (RFI) published Tuesday, the regulator explains that it is looking for public feedback on different questions about ethereum, ranging from its technology to how it’s used. Respondents have 60 days… Read More »

Not Everyone Wants a Bitcoin ETF

While many traders eagerly await a potential bitcoin exchange-traded fund (ETF), some of the cryptocurrency’s most passionate advocates are lukewarm at best about the prospect of such an instrument. Twitter is flush with users like crypto entrepreneur Jonathan Hamel posting about how an ETF would bring an “epic” inflow of institutional capital to the ecosystem – that is,… Read More »

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

A Japanese lawmaker has proposed a number of changes to the current taxation regime in order to ease the burden for cryptocurrency users and encourage adoption of cryptocurrencies in the country. In a meeting held earlier this month, Takeshi Fujimaki, a representative of political party Nippon Ishin, said that the country’s tax system should not “crush the future” of digital… Read More »

Mining Firm Sues Bitcoin ABC Proponents for ‘Hijacking’ Bitcoin Cash

A new lawsuit alleges that proponents of Bitcoin Cash ABC – one of two competing iterations of the bitcoin cash cryptocurrency that split off during a hard fork last month – illegally manipulated the market, damaging investors as a result. Florida-based United Investment Corp. filed a federal lawsuit in the U.S. District Court, Southern District of Florida claiming that Roger… Read More »

US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation

Two congressmen from Florida and North Carolina have introduced bipartisan legislation aimed to help prevent cryptocurrency price manipulation. Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” – are ultimately aimed… Read More »

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

A senior U.S. official has called on the crypto industry and the wide global financial sphere to take steps to prevent malicious actors from using the tech for illicit purposes. Speaking at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference on Monday, U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker… Read More »

Swiss Regulator’s ‘Relaxed’ Fintech License Covers Blockchain Firms

Switzerland’s Financial Market Supervisory Authority (FINMA) has introduced a new fintech license with “relaxed” requirements that is applicable to blockchain and cryptocurrency-based firms. The regulator announced Monday that the new license allows approved “innovative financial companies” to accept public deposits of up to 100 million Swiss francs (or just over $100 million), provided the funds are not invested and… Read More »