Sentences with phrase «trading tokens deemed»

Regulators in Hong Kong have issued a strict warning to exchanges doing business with Chinese customers about trading tokens deemed as securities without a license.

Regulators in Hong Kong have issued a strict warning to exchanges doing business with Chinese customers about trading tokens deemed as securities without...

Not exact matches

Distributing tokens with the knowledge that a crypto exchange might download the client and allow existing token - holders (to whom the tokens were privately sold) to list and start trading the tokens could see pre-sale purchasers deemed «mere conduits for a wider distribution» and see private offering status lost.

The Tokens could be deemed from time to time as a virtual commodity, a digital asset or even as money, securities or currency in various jurisdictions and therefore could be prohibited from being sold, purchased, traded, distributed or held in certain jurisdictions pursuant to local regulations.

Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission, Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC.

In a statement dated March 7, the Securities and Exchange Commission (SEC) wrote that cryptocurrency exchanges that list ICO tokens the agency deems to be securities are operating «potentially unlawful» trading platforms.

The move appeared to be in direct response to the United States Securities and Exchange Commission's warning that initial coin offering (ICOs) deemed as securities would be subject to existing financial regulations, with Bitfinex barring all U.S - based customers from trading ERC20 tokens that were issued through an ICO within a week of the announcement.

Wu also touched on the topic of regulation and tokens in particular — a notable topic given the recent chatter around rumored investigations by the U.S. Securities and Exchange Commission, which on Wednesday stated that trading platforms offering exchange services for ICO - derived tokens would need to register with the government if the tokens in questions are deemed to be securities.