Concerns
over virtual currency exchanges are nothing new.
Not exact matches
The
virtual currency rose to just under $ 619 on Mt. Gox
exchange Monday afternoon in Asia, up by
over 25 percent from the same time on Sunday.
We'll ignore
currency issues (including the jurisdiction of the CFTC
over such things) for the moment, except insofar as New York's definition of
virtual currency (which you need a license to move around) is very broadly construed and includes most «digital units of
exchange» which could certainly include tokens.
On March 6, 2018, Judge Jack B. Weinstein of the U.S. District Court for the Eastern District of New York ruled that
virtual currencies are commodities under the Commodity
Exchange Act (CEA) and therefore subject to the Commodity Futures Trading Commission's (CFTC) anti-fraud and anti-manipulation enforcement authority.1 Granting the CFTC's request for a preliminary injunction against the defendants who allegedly engaged in deception and fraud involving
virtual currency spot markets, Judge Weinstein noted that «[u] ntil Congress clarifies the matter,» the CFTC has «concurrent authority» along with other state and federal administrative agencies and civil and criminal courts
over transactions in
virtual currency.2
The value of bitcoin cash (BCH) surged
over the weekend, with South Korean
exchanges offering the
virtual currency at a huge premium compared to the global...
The bitFlyer platform has
over 30 percent of the worldwide bitcoin
exchange volume and more than $ 100 million in
virtual currency traded in 2017, all without access to the U.S. market.
Reuters reports that policymakers in South Korea's parliament said that they're considering shutting down domestic cryptocurrency
exchanges, following the steep plunge in value of major
virtual currencies over the past couple of days.
With a crazy rush of investors registering on crypto
exchanges and given concerns
over issues connected with money laundering and tax evasion, the South Korean government banned the opening of any
virtual accounts on the
exchanges last month and even asked the existing
virtual currency traders to change their
virtual accounts to the ones with real names.
When Justice Minister Park Sang - ki originally hinted at «preparing to enact a special law to ban
virtual currency trading through the
exchange and to close the
exchange,» Bitcoin reacted sharply, dropping by some $ 3500
over the past week.
3Authority
over affairs relating to
virtual currency exchanges has been granted to the FSA and the Local Finance Bureau by the Prime Minister through the Payment Services Act and related ordinances.
The online service can import data from
over 40 cryptocurrency
exchanges, and it can track
over 4,000
virtual currencies.
Also it was reported that the European Central Bank (ECB) want to impose tighter controls on the
exchange of
virtual currencies; A group of banks in Hong Kong are developing a system that uses blockchain tech to share information about mortgage valuations; In a new SEC filing, State Street is now listed as the administrator and transfer agent for the Winklevoss Bitcoin Trust, a proposed bitcoin ETF; India's biggest IT services firm Tata IT is working on
over 100 blockchain projects — these articles and many more on our Facebook page.