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Year: 2018

cryptocurrency February 8, 2018

On Wednesday, the NYDFS published guidance for virtual currency businesses, clearly explaining their responsibilities to monitor for fraudulent activity and market manipulation, and report findings in a timely fashion. Advertisements On February 7, 2018, the New York Department of Financial Services (NYDFS) published guidance to remind virtual currency (VC) companies licensed by New York State […]

cryptocurrency February 8, 2018

Japanese authorities continue to investigate cryptocurrency exchanges in a bid to assess security measures. Advertisements A report on February 7, 2018, said that Japan’s Financial Services Agency (FSA) had begun conducting surprise inspections of cryptocurrency exchanges. In total, all 32 exchanges in Japan stand to receive visits from the FSA. Last Friday, February 2, FSA […]

cryptocurrency February 8, 2018

Georgia-based tech startup, Kepler Technology, has announced the development of the world’s first blockchain platform for the production of robotics and AI solution. The disruptive platform aims to usher robotics and AI development into the public consciousness, positioning the future of the industry on the blockchain. Advertisements Estimated at over $80 billion, the robotics industry […]

cryptocurrency February 7, 2018

Partnership Announcement On January 16, 2018 IBM and Maersk made a joint announcement that the two companies will work together on a project to provide a blockchain technology solution that simplifies payments for the global supply chain. This project aims to bring more transparency to the shipping industry and reduce global trade barriers. In turn, […]

cryptocurrency February 7, 2018

Advertisements Ethereum News Update Blockchain has “the potential to enhance economic efficiency, mitigate centralized systemic risk, defend against fraudulent activity and improve data quality and governance.” (Source: “There’d Be No DLT Without Bitcoin, Says CFTC Chief,” CoinDesk, February 6, 2018.) This little quote sent Ethereum prices soaring on Monday. Advertisements Oddly, it came from CFTC […]

cryptocurrency February 7, 2018

On Wednesday, the SEC’s Office of Compliance Inspections and Examinations released its 2018 examination priorities. The document included a section dedicated to cryptocurrency, initial coin offerings (ICOs), secondary market trading, and blockchain. Advertisements On February 7, 2018, one day after Securities and Exchange Commission (SEC) chairman Jay Clayton testified before the Senate Banking Committee, the […]

cryptocurrency February 7, 2018

February 7, 2018 12:48 AM Advertisements Questions from senators focused on consumer protection, investor education efforts, exchange regulation and market manipulation, and the potential value of distributed ledger technology. On the morning of February 6, 2018, Securities and Exchange Commission (SEC) chairman Jay Clayton and Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo gave […]

cryptocurrency February 7, 2018

The Monetary Authority of Singapore, which is the country’s central bank, has no plans to ban cryptocurrency trading at the moment, though MAS does intend to eventually regulate digital asset exchanges and other entities to ensure AML/CFT compliance. Advertisements Singapore’s deputy prime minister, who doubles as the minister in charge of the Monetary Authority of […]