Sentences with phrase «cryptocurrencies under securities laws»

Not exact matches

Before launching a cryptocurrency or a product with its value tied to one or more cryptocurrencies, its promoters must either (1) be able to demonstrate that the currency or product is not a security or (2) comply with applicable registration and other requirements under our securities laws.

That said, the SEC has brought a number of cases against blatant fraudsters in the cryptocurrency markets as well as against ICOs that clearly fall under the scope of securities law (e.g., Munchee).

After the SEC's ruling that DAO tokens were considered securities, popular cryptocurrency exchanges such as Bittrex, Poloniex, and ShapeShift declared that they will examine listed tokens under the Howey test and delist probable security tokens to avoid violation of applicable security exchange laws.

Specifically, concerns are raised that the «white papers» often used to provide some disclosure regarding ICOs should comply with Canadian securities law requirements, that those engaged in soliciting and facilitating these trades need to be properly registered as gatekeepers and that the online exchanges that facilitate secondary trading in cryptocurrencies need to be formally recognized as a «marketplace» under Canadian securities laws.

Binance was one of the seven cryptocurrency exchanges that received a warning letter from the Securities and Futures Commission telling firms not to trade digital assets defined as securities under HongSecurities and Futures Commission telling firms not to trade digital assets defined as securities under Hongsecurities under Hong Kong law.

SEC Chairman Jay Clayton has said repeatedly (with increasing force) that many cryptocurrencies and initial coin offerings fall under US securities law.

The Chinese government banned cryptocurrency trading, Canadian authorities dragged ICOs under the jurisdiction of securities law, the U.S. Securities and Exchange Commission (SEC) warned that new rules for ICOs are imminent, and South Korea banned anonymousecurities law, the U.S. Securities and Exchange Commission (SEC) warned that new rules for ICOs are imminent, and South Korea banned anonymouSecurities and Exchange Commission (SEC) warned that new rules for ICOs are imminent, and South Korea banned anonymous trading.

The SFC said it has sent letters to seven cryptocurrency exchanges in Hong Kong OR with connections to Hong Kong telling them not to trade in digital currencies which are securities as defined under existing securities law.

KODAKCoin's status as a security likely will preclude the token from being tradable on unregulated cryptocurrency exchanges that are subject to U.S. securities laws — likely affecting the token's liquidity — and KODAKCoins would be resalable by purchasers only either in a registered securities offering or a transaction exempt from securities registration (such as under the Rule 144 safe harbor for sales by non-affiliates after a holding period is met).

Wyoming has been the most aggressive in passing blockchain - friendly legislation, passing five laws: declaring that «utility tokens» would not be regulated under state securities laws, exempting cryptocurrencies from property taxes, adjusting its money transmitter regulation to accommodate cryptocurrency exchanges, allowing LLCs to register on a blockchain, and enabling the secretary of state to register companies on a blockchain.

Even more, many platforms for swapping digital currencies for cash or other cryptocurrencies fall under the «exchange» umbrella as defined by federal securities laws.