SEC’s Christopher Hetner To Exit Post As Sr. Advisor For Cybersecurity

News, Regulation | September 19, 2018 By:

The Securities and Exchange Commission has announced that Christopher R. Hetner, senior advisor to chairman Jay Clayton for cybersecurity policy, plans to leave the agency. Hetner will remain in the chairman’s office during the identification of and transition to his successor.

Hetner previously served as senior advisor for cybersecurity policy for former Chair Mary Jo White and former acting chairman Michael Piwowar.


Crypto Tax Bill Proposed By Ukrainian Parliament

News, Regulation | September 18, 2018 By:

The Verkhovna Rada, the Ukrainian parliament, has proposed a bill that would tax residents’ crypto-related profits.

Initiated by 23 government officials, the tax bill proposes a 5 percent tax on profits that private individuals and corporate entities realize from trading their cryptocurrencies. The bill states that these profits must be reported separately from other forms of income.


Lehman Brothers – What It Can Teach The Cryptocurrency Business About Lending

Blockchain, FinTech, Innovation, Investing, Regulation | September 17, 2018 By:

In the years leading up to the economic meltdown of 2008, life was good. Housing prices were up, mortgages were being handed out like candy, and bankers were living large. It was all thanks to a niche security asset that had exploded in popularity: collateralized debt obligations (CDO),


Some ICOs Can Be Considered Securities Under US Law, Federal Judge Rules

Bitcoin, Blockchain and the Law, News, Regulation | September 12, 2018 By:

US securities laws cover some initial coin offerings (ICO), a federal judge has ruled, opening the door for increased government regulation of domestic ICOs.

In US V. Zaslavskiy, 17-cr-0647, U.S. District Court for the Eastern District of New York (Brooklyn), a man was charged with promoting digital currencies backed by investments in real estate and diamonds.