Lawmakers Must Disclose Cryptocurrency Holdings Exceeding $1K, Says US House Ethics Committee

ICO News, News | June 21, 2018 By:

US House of Representative members will now be required to disclose holdings of cryptocurrencies that exceed $1,000.

In a memo published on June 18, the House Ethics Committee advised lawmakers that they must inlcude crypto holdings worth more than $1,000 in their annual financial disclosure report and reveal any transactions that exceed $1,000 within 45 days of the purchase or sale of the virtual asset.

 Read more  »

South Korea Plans To Ease Crypto Regulations Under New FSS Governor

ICO News, News, Regulation | May 7, 2018 By:

Yoon Suk-heun, the newly appointed governor of South Korea’s Financial Supervisory Service (FSS), said that the country’s top financial regulator will look to ease regulations on domestic cryptocurrency trading.

In a statement, Yoon said the FSS will collaborate with the Financial Services Commission (FSC) when an inspection on policies and financial institutions has different configurations associated with different scopes.

 Read more  »

Australia’s Securities Watchdog Cracks Down On Misleading ICOs

News, Regulation | May 2, 2018 By:

The Australian Securities and Investments Commission (ASIC) has started cracking down on “misleading or deceptive conduct” in the marketing and selling of digital tokens via initial coin offerings (ICO).

In a statement published yesterday, Australia’s corporate watchdog said that it is issuing inquiries to ICO issuers and their advisers where they identify conduct or statements that may be misleading or deceptive.

 Read more  »