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Institutional Crypto and a New Generation of Wall Street Leaders

Institutional Crypto and a New Generation of Wall Street Leaders Donna Redel is an angel investor focusing on financial technology, blockchain and emerging technologies, professor of blockchain and a former chairman at the Commodity Exchange. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  If there’s any doubt …

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Russian ICO That Impersonated Bank Hit With Cease-and-Desist

Russian ICO That Impersonated Bank Hit With Cease-and-Desist North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, …

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Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says Crypto loans startup Salt Lending and its former CEO, Erik Voorhees, are said to be under investigation by the U.S. securities regulator, according to The Wall Street Journal. In an article published Thursday, the news source cited “people familiar with the …

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SEC Official Says ‘Plain English’ Guidance On ICOs Is Coming

SEC Official Says ‘Plain English’ Guidance On ICOs Is Coming The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, its director of Corporation Finance said Monday. Speaking at the D.C. Fintech Week conference, SEC director William Hinman said the regulatory …

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PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last …

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North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs

North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs North Dakota’s securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state. On Thursday, Karen Tyler, commissioner of the North Dakota Securities Department, issued cease and desist orders against three companies for offering …

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Why a ‘Decentralized’ Crypto Exchange Is Seeking a Securities License

Why a ‘Decentralized’ Crypto Exchange Is Seeking a Securities License Everbloom, one of numerous so-called decentralized exchanges (DEXs) for cryptocurrencies that have cropped up lately, is seeking to become a licensed broker-dealer in a bid to attract institutional investors. Revealed exclusively to CoinDesk, the startup recently registered with the U.S. …

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Chinese Banking Giant Issues $1.3 Billion in Securities on a Blockchain

Chinese Banking Giant Issues $1.3 Billion in Securities on a Blockchain Bank of Communications, one of the four state-owned commercial banks in China, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network. China Securities Times, the mouthpiece of Chinese financial regulators, reported on Thursday that …

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Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds

Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors. According to a news release published Tuesday, the board’s commissioner, Travis J. Iles, entered a first emergency cease-and-desist order …

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US Judge Rules ICO Frauds Fall Under Securities Law

US Judge Rules ICO Frauds Fall Under Securities Law A U.S. federal judge has ruled that a criminal case against two reportedly fraudulent initial coin offerings fall under securities laws. District judge Raymond Dearie ruled Tuesday that the case against a pair of allegedly fraudulent ICOs conducted by Brooklyn resident …

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