The US Securities and Exchange Commission (SEC) recently approved the applications of 11 asset and investment management firms to launch exchange-traded funds (ETFs) that track bitcoin on the spot market. This event heralds...more
The Israel Securities Authority recently promulgated its revised legislative proposal addressing the applicability of securities laws to digital assets. The proposed legislation aims to determine how securities laws will...more
A US court recently handed down a landmark ruling addressing the question of whether the crypto token XRP falls under the definition of “security”. The US court ruled that the same crypto token may be classified differently...more
8/7/2023
/ Crypto Exchanges ,
Cryptoassets ,
Digital Assets ,
Howey ,
Institutional Investors ,
Investment Contract ,
Investors ,
Popular ,
Retail Investors ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Token Sales
As part of the Arrangements Law for the years 2023-2024, the Israeli government makes extensive reference to expanding and creating a regulatory infrastructure in the digital assets field. As part of the draft bill (also...more
The Israel Securities Authority is proposing to apply the same laws to digital assets as apply to financial assets, which are under the ISA’s supervision. The legislative amendments include revisions to definitions of the...more
Last August, the US Treasury Department sanctioned Torando Cash, a decentralized crypto mixing service. A month later, another US regulator, the CFTC, imposed a $250,000 fine on Ooki DAO, citing various regulatory violations,...more
Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants. These services intend to safeguard customers’...more
7/21/2022
/ Bitcoin Mining ,
Crypto Exchanges ,
Cryptocurrency ,
Custody ,
Digital Assets ,
EU ,
Financial Services Industry ,
Insolvency ,
Institutional Investors ,
Investment Advisers Act of 1940 ,
Investors ,
Israel ,
OCC ,
Proposed Regulation ,
Regulatory Authority
A few days ago, the SEC has charged a former employee of OpenSea (the largest NFT marketplace) In the first-ever digital asset indictment. SEC charged him with wire fraud and money laundering in connection with a scheme to...more
The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily...more
The first cryptocurrency, Bitcoin, is still the most well-known application of blockchain. However, this technology has since rapidly evolved and expanded in many other areas. The initial hope with Bitcoin was to make both...more
10/19/2020
/ Anti-Money Laundering ,
Bitcoin ,
Compliance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Entrepreneurs ,
Financial Institutions ,
Institutional Investors ,
Israel ,
Popular ,
Regulatory Standards ,
Securities Tokens ,
Token Sales
After a long wait, the US Securities and Exchange Commission (SEC) has permitted a startup company to raise funds from the general public through a supervised security token offering (STO) under Reg A+ regulations....more
7/22/2019
/ Blockchain ,
Crowdfunding ,
Cryptocurrency ,
Digital Assets ,
Fundraisers ,
Howey ,
Initial Coin Offering (ICOs) ,
Regulation A ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Security Token Offering (STOs) ,
Small Business ,
Startups