Robert Cattanach is a partner at the international law firm Dorsey & Whitney. He has previously worked as a trial attorney for the United States Department of Justice and was also special counsel to the Secretary of the Navy. Today he practices in the areas of regulatory litigation,
State and federal regulators have crypto scam artists on the run. And while I commend authorities for protecting consumers, the truth is that a lot of credible projects are suffering as well. Crypto and blockchain startups are saddled in legal fees and are scared to talk more publicly about their projects because of initiatives like “Operation Crypto Sweep.”
Think about it: There is a new generation of tech founders whose primary concern isn’t changing the world with blockchain,
The Harare High Court has reportedly lifted the Reserve Bank of Zimbabwe’s ban against cryptocurrency activities.
Earlier this month, Norman Mataruka, RBZ director and registrar of banking institutions, ordered all registered financial institutions to stop all forms of cryptocurrency trading and instructed crypto exchanges to shut down their operations.
The Monetary Authority of Singapore (MAS), the country’s central bank, has shut down an unidentified initial coin offering (ICO) for allegedly offering unregistered securities.
In a release issued Thursday, MAS said it has directed an ICO issuer to stop offering digital tokens to Singapore-based investors after assessing that the issuer had contravened the country’s Securities and Futures Act (SFA),
The US Department of Justice is conducting a criminal investigation into cryptocurrency traders who may have manipulated the market, Bloomberg reports.
The DOJ is being joined by the Commodity and Futures Trading Commission (CFTC) in the probe, which uses some traditional financial industry manipulations to affect prices.
The government of India is reportedly considering imposing an 18 percent goods and services tax (GST) on cryptocurrency transactions.
According to Bloomberg, citing a source with direct knowledge of the matter, the Central Board of Indirect Taxes and Customs (CBIC) of India is working on a proposal to apply the GST to cryptocurrency trading as they could be classed as intangible goods.
Initial Coin Offerings (ICOs) are growing every day. In 2018 alone, there have been over 615 ICOs, raising an astounding $3.9 billon. While cryptocurrency still may be an unregulated space, investments in it can be quite lucrative. Because of this, there are important things every investor should look out for when vetting a potential ICO opportunity to ensure their capital is being used for the intended purpose.
The Supreme Court of India has barred all high courts from accepting petitions relating to the central bank’s move to bar banks from dealing with crypto companies.
Last month, the Reserve Bank of India (RBI) ordered banks to refrain from providing any services to individuals or business entities dealing with or settling cryptocurrencies.
The South Carolina Attorney General’s Office has issued a cease and desist order against blockchain startup ShipChain for allegedly violating the state’s securities statutes.
ShipChain is a blockchain solution provider for the transport and logistics industry. According to its website, the platform allows users to pay either directly in tokens they hold,
Central Bank of Chile governor Mario Marcel is considering developing a regulatory framework for cryptocurrencies in order to monitor risks.
During a forum of the Finance Commission of Deputies, Marcel said the central bank is planning to a legislative apparatus designed to regulate and monitor activities pertaining to Chile’s cryptocurrency sector.