SEC Suspends Trading In Company For False Claims On Crypto Regulation

Investing, News, Regulation | October 22, 2018 By:

The Securities and Exchange Commission today suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock.

The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American Retail Group,


Financial Action Task Force To Establish Rules For Crypto Regulation By June 2019

News, Regulation | October 22, 2018 By:

The Financial Action Task Force (FATF), a global money-laundering watchdog, is planning to publish its first rules on oversight of cryptocurrencies by June 2019.

The Paris-based money-laundering watchdog announced on Friday that the rules would be an upgrade from guidelines currently in place and would require jurisdictions worldwide to license or regulate crypto exchanges and digital wallet providers.


China’s Internet Censorship Agency Publishes Draft Regulations For Blockchain Startups

Blockchain, News, Regulation | October 22, 2018 By:

The Cyberspace Administration of China (CAC), the country’s Internet censorship agency, has published new draft regulations for blockchain-related service providers. The draft regulations is open for public consultation until November 2.

The draft, titled “The Regulation for Managing Blockchain Information Services,”