regulations - Page 24 - AllStocks Network

Saudi Arabia Warns that Cryptocurrency Is Illegal in the Kingdom Territories

Posted on August 14, 2018 by Omri Shabath

Whilst cryptocurrencies are incredibly challenging for governments in democratic states in terms of regulations, scrutiny, taxation, and illicit operations, in regions of the world that authoritarian regimes rule crypto may constitute as a real threat to the dominating reign. Some such autocratic countries limit and restrict the utilization of crypto within their territories but still attempt to partially integrate it and employ its advantages – for instance, the Chinese government – but others determine that…

Cryptocurrencies Plunge after the SEC Delays Decision about Bitcoin ETF

Posted on August 9, 2018February 21, 2019 by Omri Shabath

After the SEC had rejected the application of the Winklevoss twins of a Bitcoin exchange-traded fund (ETF) on July 26, cryptocurrencies – and particularly Bitcoin – had maintained a relatively stable price range. When the SEC recently decided to delay its decision regarding a different Bitcoin ETF, however, the crypto markets did not remain similarly restrained and plummeted sharply. On August 7, the SEC released an official notice, informing that the decision whether or not…

Despite ETF Rejection by the SEC, Bitcoin Price Remains Around $8K

Posted on July 31, 2018February 21, 2019 by Omri Shabath

Not much surprises there, but the official branches of the U.S. government are still not prepared to fully introduce Bitcoin (or Bitcoin-related) endeavors into the mainstream financial market. On July 26th, the Securities and Exchange Commission (SEC) rejected an application of the Winklevoss brothers (yes, the Facebook guys) of a Bitcoin exchange-traded fund (ETF), elaborating that Bitcoin is not resistant enough to manipulation and fraud. From the SEC order (full 92-page report PDF): [T]he central…

CFTC Boss: Falling Behind on Blockchain, Heavy Crypto Regulation Isn’t Necessary Yet

Posted on July 26, 2018December 12, 2018 by Omri Shabath

During a Congressional hearing on July 25th, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo addressed several interesting key points regarding blockchain and crypto, and the current approach of the CFTC toward them. The hearing, labeled “Examining the Upcoming Agenda for the CFTC,” was hosted by the House Agriculture Committee and through which Giancarlo answered all sorts of questions concerning the CFTC agenda and plans for the future. The entire hearing…

Libertarian Candidate for Wisconsin Governor Accepts Bitcoin Donations; Defies Commission’s Decision

Posted on July 24, 2018 by Omri Shabath

Even though the legal status of Bitcoin in the U.S. is still quite obscure, there are yet political figures and organizations out there that aren’t afraid to adopt the cryptocurrency as another means of accepting donations. Phil Anderson, the Libertarian Party’s candidate for the governor of Wisconsin, now affirms that contributions to his campaign in Bitcoin(BTC)trade will be accepted. This is a move that’s in opposition to the state’s Ethics Commission which determined that cryptocurrency…

The CFTC: Conduct Thorough Research before Purchasing Virtual Coins or Tokens

Posted on July 17, 2018December 12, 2018 by Omri Shabath

Initial coin offerings (ICOs) can be a great way for legitimate startups to raise funds by allowing crypto-communities to take part in the projects as well. But, of course, there is a crucial necessity for potential participants to conduct their proper due diligence in such projects just like any other projects from other fields. This is essentially the new advice and warning, succinctly put, that the U.S. Commodity Futures Trading Commission (CFTC) has issued for…

Research: Cryptocurrencies Can Become Mainstream Method of Payment, But…

Posted on July 10, 2018July 24, 2018 by Omri Shabath

“Where do cryptocurrencies go from here?” seems like a question that’s repeatedly hurled into the air quite frequently these days; the answer, almost needless to say, never finds a solid ground and remains fluttering in the wind. Yet, there are still some serious weather forecasts out there that can point out to the general direction that the crypto wind is blowing. One such case is a recent research (PDF) about cryptocurrencies in general, and more…

Strong Indications from U.S. Officials that Ethereum Is Not a Security

Posted on June 24, 2018November 21, 2018 by Omri Shabath

Promising news for crypto enthusiasts: senior U.S. officials have indicated that Ether (ETH) – the second-largest cryptocurrency – is not a security. Yet, it is important to note that these kinds of statement are not binding nor final; they are merely hints that may suggest towards which direction the official U.S. policy regarding cryptocurrencies is leaning. On June 14th at the Yahoo Finance All Markets Summit, the SEC’s Director of the Division of Corporation Finance,…

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