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Malaysia bans ICOs, issues regulations for IEOs

Malaysia bans ICOs, issues regulations for IEOs

The Securities Commission of Malaysia has released guidelines for crypto initial exchange offerings (IEOs) and has banned initial coin offerings (ICOs) by individual token issuers. The regulations will force IEO platforms to now carry out the necessary assessment and due diligence on both token issuers and the digital tokens, to be able to conduct IEOs.

Yesterday
Bitwise withdraws Bitcoin ETF proposal with SEC

Bitwise withdraws Bitcoin ETF proposal with SEC

Bitwise Asset Management has withdrawn its Bitcoin ETF application with the SEC. The SEC has rejected the proposal in October saying it felt the proposed fund did not meet the necessary legal requirements to prevent market manipulation or other illicit activities.

2 days
Anchor launching crypto trading

Anchor launching crypto trading

Crypto services startup Anchorage has announced the launch of a crypto brokerage service - Anchorage Trading. Besides this, the company announced its first acquisition, purchasing Merkle Data, a provider of risk management and analytics software.

2 days
Airlines must use Petros to pay for fuel, says Maduro

Airlines must use Petros to pay for fuel, says Maduro

Venezuelan President Maduro has declared all flights out of the country must use the oil-backed Petro crypto to pay for fuel. In his annual speech to the Venezuelan Constituent Assembly, Maduro announced the state-owned oil company, PDVSA, would only accept petro for fuel sold to airlines.

2 days
Malaysia bans ICOs, issues regulations for IEOs

Malaysia bans ICOs, issues regulations for IEOs

Securities Commission Malaysia (SC) has published a set of detailed guidelines to regulate and legalize initial exchange offerings (IEOs) in the country. The regulator has also issued a ban on Initial Coin Offerings (ICOs) by individual token issuers. As per the guidelines digital token offerings would now be done via IEO instead of ICOs.

2 days
Singer Akon says world’s first ’crypto city’ set for Senegal

Singer Akon says world’s first ’crypto city’ set for Senegal

Rapper Akon has finalized an agreement to build a cryptocurrency-powered city in Senegal. The city, named Akon City, will have an economy based on ’Akoin cryptocurrency’. The city will supposedly be the first ever to run on 100% renewable energy, and will be built in phases over the next 10 years. The project roadmap of the Akoin Ecosystem suggests a launch in the first half of 2020.

2 days
UN warns people to stay away from North Korea crypto conference

UN warns people to stay away from North Korea crypto conference

The United Nations (UN) is warning crypto-enthusiasts that attending a North Korean cryptocurrency conference is likely to constitute a sanctions violation. The UN is concerned that North Korea has been generating funds for its weapons of mass destruction program through cryptocurrency.

2 days
Kraken acquires Australia’s oldest crypto exchange

Kraken acquires Australia’s oldest crypto exchange

U.S.-based crypto exchange Kraken has acquired Australia’s oldest crypto exchange - Bit Trade. With the acquisition, Kraken will look to become the go-to crypto trading solution in the country. Additionally, crypto exchange plans to host trading liquidity for Australia’s dollar (AUD) and cater to retail and institutional players.

3 days
XRP status is unclear, says CFTC Chairman

XRP status is unclear, says CFTC Chairman

The US CFTC has said that while Bitcoin and Ethereum are commodities, the status of Ripple (XRP) is still unclear. The regulatory status of XRP has been unclear so far, particularly after the company behind the token faced a class-action lawsuit alleging that it held an unregistered sale of securities. The suit claims that Ripple misled investors and sold XRP as an unregistered security.

3 days
Texas Securities Board lists crypto as high risk threat to investors

Texas Securities Board lists crypto as high risk threat to investors

The Texas State Securities Board in its recently published list of the top threats that investors will face in 2020 named crypto among them. In its 10th anniversary edition of the State Securities Board’s ’Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud’, the regulator added crypto to the list of investments that raise red flags and require careful scrutiny.

3 days
SEC files motion for sanctions against Blockvest founder

SEC files motion for sanctions against Blockvest founder

The SEC, in a filing, has claimed that Blockvest founder Reginald Buddy Ringgold III falsified and, in one case, forged signatures. Previously, the commission had charged Blockvest with falsely declaring that its ICO was registered with the regulator. The project had raised more than $2.5 million in a pre-ICO sale of its BLV token.

3 days
WisdomTree considers making USD-based Stablecoin

WisdomTree considers making USD-based Stablecoin

U.S.-based financial asset manager WisdomTree plans to release a regulated stablecoin, whose value is closely linked to the U.S. dollar. WisdomTree has said the regulated stablecoin will have a similar structure to that of an exchange-traded-fund but will be more appealing to cryptocurrency traders as it will ensure the easy mobility of funds over blockchain-powered networks.

3 days
CME launches Bitcoin options

CME launches Bitcoin options

Chicago exchange CME Group has announced its highly anticipated bitcoin options are now open for trading. Although, CME was the first to announce the launch of a regulated Bitcoin options market, Bakkt took over the actual product delivery by opening its platform for Bitcoin options on top of its Bitcoin Monthly Futures contract in December.

4 days
India’s Supreme Court gets fresh hearing for Crypto vs RBI case

India’s Supreme Court gets fresh hearing for Crypto vs RBI case

India’s Supreme Court will soon be hearing a case involving crypto-assets and the Reserve Bank of India (RBI). Earlier, the RBI had said that it did not approve of cryptocurrencies.

3 days
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