CFTC Commissioner Brian Quintenz Suggests Creation of Crypto Self-Regulatory Organization

United States Commodity and Futures Trading Commission (CFTC) commissioner Brian Quintenz has suggested that participants in the cryptocurrency industry should create a self-regulatory structure. Quintenz made his remarks during a Bipartisan Policy Center panel held on Feb. 12. More precisely, Quintenz said that because of the CFTC’s lack of crypto statutory oversight capability, he suggested that crypto “platforms come together to form some type of self-regulatory structure where they can discuss, agree to, implement, and hopefully examine or audit.” According to Quintenz, such an organization could carry out audits concerning…

Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25. Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), was cited by the Hindu saying that cryptocurrencies are illegal from NASSCOM’s perspective. NASSCOM is a nonprofit trade association of over 2,000 member companies for the Indian IT and business process outsourcing industries. “It is [the] law of the land and hence, we have to work with it,”…

The organization ICObazaar will be releasing a new platform to connect ICO’s with Investors and potential employees

ICO’s are is a great way for the Blockchain to grow The ICObazaar team has to just introduced the world to a much more easy-to-use platform, that will connect ICOs with investors and employees in one ecosystem. There has been a multitude of companies around the world that have been looking to Blockchain technology for solutions to current business practices. The Blockchain has experienced tremendous growth compared to the past years which is expected to only increase these coming years. The average time period for a company to close sales to…

Major Crypto Exchanges Collaborate to Create Self-Regulatory Organization

Four major cryptocurrency exchanges are teaming up develop a self-regulatory organization (SRO) that would work cohesively to develop rules, regulations, and to set new regulatory standards for the cryptocurrency and blockchain industry. News of the potential SRO comes several months after the idea was first proposed by Cameron Winklevoss, co-founder of the Gemini exchange. The self-regulatory organization is called the Virtual Commodity Association Working Group. It will be working to draft, and lobby, sets of regulatory measures that would reduce the amount of fraud and scams within the industry. It…