Crypto Exchange Kraken Says US Subpoenas Becoming ‘Barrier to Entry’

San Francisco-based cryptocurrency exchange Kraken has said that the cost of handling government subpoenas is fast becoming a “barrier to entry” in the U.S. On Saturday, the exchange tweeted an infographic from its “2018 Transparency Report,” indicating that the law enforcement and other inquiries it has received from various government agencies around the world have […]

Continue Reading

The Future of ICOs: In the Hands of Regulators or Innovators?

William Mougayar is the founder of Token Summit and author of “The Business Blockchain.” The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  What is the future of initial coin offerings (ICOs) as we look to a 12-month horizon? As an early supporter of ICOs (properly run), I’d like to offer a […]

Continue Reading

Why You Shouldn’t Fear the Blockchain Regulators

Kevin Werbach is a Professor of Legal Studies & Business Ethics at the Wharton School at the University of Pennsylvania, and the author of “The Blockchain and the New Architecture of Trust,” from which this article is adapted. _______ In 2015, New York became one of the first jurisdictions in the world to adopt a regulatory […]

Continue Reading

SEC Fines Crypto Fund $50K and Issues Cease-and-Desist

The U.S. Securities and Exchange Commission has ordered fund manager CoinAlpha Advisors LLC to pay a $50,000 fine following what it deemed to be an unregistered securities sale. According to the order published Friday, CoinAlpha formed a fund in October 2017 with the goal of investing in digital assets. It reached out to possible investors, […]

Continue Reading

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” – […]

Continue Reading

DOJ’s Rosenstein: Regulators Can’t Let Criminals ‘Hide Behind’ Crypto

U.S. Deputy Attorney General Rod Rosenstein has called for international cooperation in investigating crimes conducted using cryptocurrencies at an annual meeting of Interpol. Speaking at Interpol’s 87th General Assembly on Sunday, Rosenstein addressed the topic directly, saying “we must not allow cybercriminals to hide behind cryptocurrencies.” While he acknowledged that there are some beneficial use […]

Continue Reading

SEC Settles Securities Registration Charges Against 2 ICO Startups

Two cryptocurrency startups have agreed to register their initial coin offering (ICO) tokens as securities after settling charges with the U.S. Securities and Exchange Commission. The SEC’s Friday announcement centered on two firms: CarrierEQ Inc., also known as Airfox, and Paragon Coin Inc., both of which conducted token sales last year. Airfox raised $15 million […]

Continue Reading

PBoC Looks to Tackle Airdrop Tokens Market in New Clampdown

The People’s Bank of China (PBoC), the country’s central bank, is looking to clamp down on airdrops – free distributions of crypto tokens. In its financial stability report for 2018, released on Friday, the PBoC said that “disguised” initial coin offerings (ICOs) including airdrops continue to grow in number, despite its previous efforts at cracking down […]

Continue Reading

Japanese Crypto Exchange Group Gets Legal Status to Self-Regulate Industry

The Financial Services Agency (FSA), Japan’s finance regulator, has formally approved a cryptocurrency exchange association as a self-regulatory industry body. The FSA said in a notice on Wednesday that it has accredited the Japanese Virtual Currency Exchange Association (JVCEA) as a “certified fund settlement business association,” a status that will let the body set rules […]

Continue Reading