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.

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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),

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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.

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FINRA Charges HempCoin ICO Issuer With Securities Fraud

Crime, News, Regulation | September 12, 2018 By:

The Financial Industry Regulatory Authority (FINRA) has issued securities fraud charges against a Massachusetts resident for an unregistered initial coin offering (ICO). FINRA said the case is the agency’s first disciplinary action involving cryptocurrencies.

FINRA has accused Timothy Tilton Ayre of selling unregistered securities in the form of the HempCoin token,

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SEC Cracks Down On “ICO Superstore” For Selling Unregistered Securities

Investing, News, Regulation | September 11, 2018 By:

The Securities and Exchange Commission has announced that TokenLot LLC, a self-described “ICO Superstore,” and its owners will settle charges that they acted as unregistered broker-dealers.

This is the SEC’s first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO Report in 2017 cautioning that those who offer and sell digital securities must comply with the federal securities laws.

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SEC Initiates First Action Against Hedge Fund Manager For Unregulated Digital Assets

Investing, News, Regulation | September 11, 2018 By:

 

The Securities and Exchange Commission has initiated its first enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets.

The SEC entered an order finding that Crypto Asset Management LP (CAM) offered a fund that operated as an unregistered investment company,

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