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#Securities and Exchange Commission News
Stellar Network Faces Outage Following Offline Validators, Coinbase to Investigate
April 7, 2021 by
Wayne Jones
at
Blockchain
After a 2019 network freeze, the Stellar network has been hit by yet another crisis. According to data that has been made publicly available, it was unable to process transactions for hours. XLM Price is Plummeting Stellar's official update shows that some critical validators have been dropped out of the...
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MoneyGram Releases Statement Distancing Itself From Ripple in Wake of SEC Probe
December 24, 2020 by
Anthonia Isichei
at
Altcoins
The news of the U.S. Securities and Exchange Commission (SEC) coming after Ripple continues to have negative consequences for the blockchain outfit MoneyGram distances itself from the company. MoneyGram Clears the Air on Ripple Partnership International remittance outfit MoneyGram published a press release on Wednesday (Dec. 23, 2020) addressing the...
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Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury
September 11, 2019 by
Ogwu Osaemezu Emmanuel
at
Altcoins
United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. Libra Must Comply or Die As the...
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Thai SEC Warns Crypto Traders About Bogus Investment Scam
August 25, 2019 by
Aisshwarya Tiwari
at
Finance
Thai financial watchdog, the Securities and Exchange Commission (SEC), recently warned the public about a new form of investing scam, in which a bogus entity, masquerading as a regulated legal digital currency trading firm solicits traders into investing with it. This, according to a report by the Bangkok Post, August...
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Kik Launches Scathing Rebuttal at SEC
August 7, 2019 by
Ashwath Balakrishnan
at
Altcoins
The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did...
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SEC’s “Crypto Mom” Eager to Offer Regulated Platform for the Sale and Issuance of Tokens and Cryptocurrencies
August 5, 2019 by
Ashwath Balakrishnan
at
Regulation
At the Convergence Forum held at the Singapore University of Social Sciences (SUSS), the SEC Commissioner, Hester Peirce, declared her desire to offer a non-exclusive safe harbor for the exchange of tokens and coins. There would almost certainly be a screening process for which tokens deserve to be listed as...
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Regulatory Pressure Could Prevent Facebook’s Libra from Launching
July 31, 2019 by
Anthonia Isichei
at
Altcoins
The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...
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New York-based Asset Management Firm Files for Bitcoin ETF
January 16, 2019 by
Tokoni Uti
at
Bitcoin
,
Finance
,
News
,
Regulation
Wilshire Phoenix, a New York-based Asset management firm, has filed for an ETF which will store bitcoin, treasury bills and the US Dollar, January 15, 2019. Coveting the ETF The journey to finally getting a Cryptocurrency ETF has been a long and elusive one. Many firms have pursued and applied...
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