Tag: SEC

Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities – Regulation Bitcoin News

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The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.” Thailand Seeks Public Comments on 2 Crypto Regulatory Proposals The Thai Securities and Exchange Commission (SEC) announced Thursday that it is seeking public comments on two proposals relating to the regulation of crypto assets. The comment period for both proposals ends on Oct. 17.…

US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations – Regulation Bitcoin News

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U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much more clarity on how and why he intends to apply SEC regulations.” US Senator Wants Congress to Step in on Crypto Regulation U.S. Senator Pat Toomey (R-PA), a ranking member of the Senate Banking Committee, discussed cryptocurrency regulation in an interview with Bloomberg Thursday. Commenting on…

BITCOIN GETS ROCKED BY SEC NEWS + CRYPTO BILL

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SEC Sues 2 Crypto Advisory Firms and Their Owner for Misappropriating Investors’ Funds

The charges, filed in the federal district court in Manhattan, allege that Creative Advancement LLC and Edelman Blockchain Advisors LLC, and their owner, Gabriel Edelman, raised $4.3 million by offering and selling securities to four investors using “false and misleading statements” between February 2017 and May 2021. Those statements included promises to invest in digital assets, when, in reality, Edelman used their funds to bankroll his personal expenses, according to the complaint. Source

Crypto News: Bear Market, CRO Rewards, SEC, NFTs & MORE!!

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Thai SEC intends to ban crypto lending in the country

The Securities and Exchange Commission (SEC) of Thailand is preparing to take radical measures in the aftermath of crypto lending platforms’ crashes experienced in Summer 2022. Thai SEC plans to prohibit crypto platforms from providing or supporting digital asset depository services.  The announcement, published on the official webpage on Sept. 15, reports that the SEC has opened a public hearing on the matter and will be collecting opinions until Oct. 17. In principle, the regulator intends to ban any staking and lending services from the “digital asset business operators” to…

Thailand’s SEC Bans Crypto Firms From Offering Staking and Lending Service

CryptoX – Cryptocurrency Analysis and News Portal Several crypto lenders including Celsius Network and Babel Finance, as well as exchanges offering lending services, froze withdrawals over the past few months following a downturn in the crypto market, with bitcoin and ethereum losing over 50% of their since the turn of the year. Original Source The post Thailand’s SEC Bans Crypto Firms From Offering Staking and Lending Service appeared first on CryptoX. CryptoX Portal

SEC Sues ‘Chicago Crypto Capital’, Employees for Illegally Selling BXY Tokens

BXY is a token aligned with the defunct crypto exchange Beaxy, according to the complaint. Hoping to raise capital and create a strong user base, Beaxy sold investors on a token that it said could generate ICO-era gains. it had an agreement with CCC to sell them as well. CCC pocketed 3 cents of every 5 cent sale, the complaint said. Source BXYCapitalChicagoCryptoEmployeesIllegallySECSellingSuesTokens CryptoX Portal