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Blockchain Blog

Articles: 1-10 of 56

Hong Kong Securities and Futures Commission Announces New Framework for Regulating Virtual Asset Trading Platforms

Hong Kong - November 13 2019 The Securities and Futures Commission (SFC) has taken another major step towards establishing a regulatory framework for virtual asset trading…

U.S. Prosecutors Indict President of Purported Intergovernmental Organization for Cryptocurrency Scheme

USA - November 13 2019 On November 6, 2019, U.S. prosecutors in the Southern District of New York announced charges against Asa Saint Clair for his participation in an…

Taxing Cryptocurrencies in the UK: New Guidance

United Kingdom - November 4 2019 The UK tax authority, HM Revenue & Customs (“HMRC”), published, on November 1, 2019 guidance for companies and businesses on how tax transactions…

Ukraine Focuses on Promoting a Blockchain Friendly Ecosystem

Ukraine - October 28 2019 A number of recent developments in Ukraine have demonstrated the country’s focus on promoting a blockchain friendly ecosystem. At a government level…

The IRS Issues Income Tax Guidance Dealing with Cryptocurrency Hard Forks and Airdrop

USA - October 22 2019 The U.S. Internal Revenue Service (“IRS”) released Revenue Ruling 2019-24 on October 9, 2019 providing guidance on the U.S. income tax treatment of…

SEC Enjoins Telegram Token Offering

USA - October 15 2019 On October 11, 2019 the U.S. Securities and Exchange Commission announced that it has filed an emergency action and obtained temporary restraining…

CFTC Says Ether is a Commodity

USA - October 11 2019 Last December, the Commodity Futures Trading Commission (CFTC) issued a public call for feedback to “better inform the Commission’s understanding” of…

SEC Digital Asset Guidance a Boon For Investors Claiming XRP is Unregistered Security

USA - September 26 2019 A group of investors in Ripple’s cryptocurrency XRP filed an amended complaint exploiting recent guidance published by the Strategic Hub for…

Swiss Bankers Association Publishes Updated Guidelines on Opening Banks Accounts for Companies with a Nexus to Distributed Ledger Technology

Switzerland - September 22 2019 On August 20, 2019, the Swiss Banking Association (“SBA”) released guidelines for member banks (in German with Italian, French and English versions…

Crypto Exchange Startup Seeks SEC Approval for Initial Public Offering of Security Tokens

USA - September 18 2019 Crypto exchange startup INX Limited filed a preliminary Prospectus outlining its plans to raise between $5 million and $129.5 million in an initial…