11-02-2017: SEC Investor Alert on ICO Endorsements
The United States Securities and Exchange Commission’s (SEC) issued an investor alert on celebrity endorsements of ICO’s. Credit Suisse CEO Tidjane Thiam believes that Bitcoin is in a bubble because it is being used as an investment rather than a currency. Chinese cryptocurrency exchanges are moving to nearby Asian countries with friendly regulations.
In Regulation News:
-Central Bank of Kenya (CBK) – CBK and Capital Markets Authority are planning to meet in early 2018 to discuss fintech and cryptocurrency regulations.
-Central Bank of Swaziland (CBS) – CBS Governor Majozi Sithole claimed that the central bank is advancing research on cryptocurrency technology.
-Reserve Bank of Australia’s (RBA) – RBA has acknowledged that attempting to regulate core protocols relating to cryptocurrencies Is unlikely to be effective because of the fluidity of cryptocurrencies such as bitcoin across borders.
-New Zealand Financial Markets Authority (FMA) – FMA has considered all tokens to be securities, even non-financial products.
Support Daily Crypto:
https://dailycrypto.io
See Full Post:
https://dailycrypto.io/2017/11/02/11-02-17-sec-investor-alert-on-ico-endorsements/
Congratulations @dailycrypto.org! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP