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SEC green-lights $15 billion asset manager's bitcoin futures fund

SEC green-lights $15 billion asset manager's bitcoin futures fund

A new bitcoin futures fund managed by the $15 billion asset manager Stone Ridge has been approved by the U.S. Securities and Exchange Commission (SEC). While firms like Galaxy Digital and VanEck have recently rolled out similarly structured funds, the new fund intends to invest only in cash-settled futures, which addresses regulatory concerns regarding potential market manipulation and has won it a personal endorsement from SEC official Dalia Blass.

TODAY

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Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO

Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO

Telegram told investors it was using Wall Street megabanks BNY Mellon and Credit Suisse to move and store fiat currency raised in last year’s blockchain token sale, court filings show.

TODAY

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SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor
Interesting

SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor

The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company's $1.7 billion 2018 token sale.

8 DECEMBER 2019

Interesting

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EU Confirms its Firm Stance on All Stablecoins, Not Facebook's Libra Only

EU Confirms its Firm Stance on All Stablecoins, Not Facebook's Libra Only

The EU has taken a firm stance on stablecoins. But a senior government official in Lithuania says the move will not stop stablecoin operators from proceeding with their plans as the EU is not against innovations and simplified payments.

6 DECEMBER 2019

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SEC appoints new cyber unit chief to police ICOs and other blockchain ‘violations’

SEC appoints new cyber unit chief to police ICOs and other blockchain ‘violations’

Littman succeeds Robert Cohen, who left the SEC in August, according to an announcement Monday. Cohen led several cryptocurrency cases, including suing Kik Interactive for allegedly selling unregistered securities as part of its $100 million ICO. Cohen left the SEC to join law firm Davis Polk & Wardwell LLP as a partner.

4 DECEMBER 2019

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China’s Internet Firewall Has Blocked Access to Ethereum Block Explorer Etherscan.io

China’s Internet Firewall Has Blocked Access to Ethereum Block Explorer Etherscan.io

China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of ethereum blockchain data.

4 DECEMBER 2019

News

South Africa plans new rules to stop crypto from being used to evade currency controls

South Africa plans new rules to stop crypto from being used to evade currency controls

South Africa’s central bank is planning to bring in new rules to stop cryptocurrencies from being used to evade currency controls

2 DECEMBER 2019

News

India preparing a national framework for blockchain deployment

India preparing a national framework for blockchain deployment

The Indian crypto-community celebrated Binance’s acquisition of WazirX, a prominent cryptocurrency exchange in the country. However, the country’s government has not yet decided on a position on cryptocurrencies. Despite maintaining its distance from crypto, the government has promptly embraced its underlying blockchain technology. The Indian government is now working on a national framework to support the deployment of blockchain use cases across the country.

28 NOVEMBER 2019

News

US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records

US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records

A federal judge denied a Washington state resident’s petition to stop the Internal Revenue Service (IRS) from gathering data about his bitcoin holdings from the Bitstamp exchange.

27 NOVEMBER 2019

News

Telegram Founder Durov Should Testify in SEC Case Over Gram Token: Judge

Telegram Founder Durov Should Testify in SEC Case Over Gram Token: Judge

Telegram’s founder and CEO Pavel Durov, as well as two other employees, should give testimony in the SEC vs. Telegram case, a judge has ordered.

26 NOVEMBER 2019

News

SEC to amend decree on digital asset businesses

SEC to amend decree on digital asset businesses

The Securities and Exchange Commission (SEC) plans to amend the royal decree on digital asset businesses next year, aiming to facilitate the growth of digital assets while protecting investors from unnecessary risk.

25 NOVEMBER 2019

News

Office of Chinese Crypto Exchange BISS Closed, Staff Members Arrested

Office of Chinese Crypto Exchange BISS Closed, Staff Members Arrested

Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations.

24 NOVEMBER 2019

News

Alibaba’s Ant Financial Sets Sights On Alipay Grabbing 1 Of 5 Singapore Digital Banking Licenses

Alibaba’s Ant Financial Sets Sights On Alipay Grabbing 1 Of 5 Singapore Digital Banking Licenses

The world of blockchain technology is no longer restricted to what cryptocurrency can offer, as it has expanded across the financial industry for payment processors and digital banks, like Ant Financial. Seeking a banking license now in Singapore, the company may be up against some competition.

22 NOVEMBER 2019

News

New bipartisan bill would classify 'managed stablecoins' as securities

New bipartisan bill would classify 'managed stablecoins' as securities

Facebook’s Libra, along with many other stablecoins, could be classified as securities and subject to increased regulatory scrutiny if a group of lawmakers get their way.

22 NOVEMBER 2019

News

Paraguay planning major cryptocurrency legislation overhaul

Paraguay planning major cryptocurrency legislation overhaul

One of the world’s top crypto law firms, Gresham International, announced this week that it submitted a proposal to begin working with the government of Paraguay on a raft of new cryptocurrency legislation.

20 NOVEMBER 2019

News

FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

The U.S. Financial Crimes Enforcement Network (FinCEN) views all stablecoins as falling under their remit to protect “money transmission services, Director Kenneth Blanco said.

20 NOVEMBER 2019

News

IRS Issues Tax Refunds to Crypto Hodlers Who Reported Accurately

IRS Issues Tax Refunds to Crypto Hodlers Who Reported Accurately

The United States Internal Revenue Service (IRS), also known as the nation’s tax office, has issued refunds to a number of cryptocurrency users who declared their crypto holdings and paid the appropriate taxes on them. The news first appeared in a report by Law360 published last week.

18 NOVEMBER 2019

News

LocalBitcoins Receives Finnish FSA Virtual Currency Provider License

LocalBitcoins Receives Finnish FSA Virtual Currency Provider License

The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country.

18 NOVEMBER 2019

News

Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry

Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry

Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry.

17 NOVEMBER 2019

News

Report: China's central bank orders probe of cryptocurrency activities in Shanghai

Report: China's central bank orders probe of cryptocurrency activities in Shanghai

The Shanghai government is now inspecting some cryptocurrency-related activities, including trading and token sales, according to an official announcement verified by Chinese financial news site Caixin.

17 NOVEMBER 2019

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