Digital Currency and Blockchain Weekly Round-Up – February 15th, 2019
Fri, 15 Feb 2019, 11:28 am UTC
US SEC working on “supplemental guidance” on crypto-fundraising efforts, says Commissioner Hester Peirce
The U.S. Securities and Exchange Commission (SEC) is working to offer additional guidance to help people determine if their token offerings fall under securities laws. The SEC Commissioner Hester Peirce recently said, “The [SEC] staff is working on some supplemental guidance to help people think through whether their crypto-fundraising efforts fall under the securities laws.”
US CFTC includes cryptocurrencies in 2019 examination priorities
The U.S. Commodity Futures Trading Commission (CFTC) has, for the first time, announced Examination Priorities for its divisions for 2019. According to the press release, DMO’s Compliance Branch’s examination priorities for this year include cryptocurrency surveillance practices, real-time market monitoring practices and others.
Australia’s DTA recommends pragmatic approach towards blockchain technology
The Australian government’s Digital Transformation Agency (DTA) has published “Blockchain: Latest advice for government agencies” and recommended a pragmatic approach to agencies considering adopting blockchain technology. It said that its findings are consistent with the recommendations of other jurisdictions.
Malta Financial Services Authority launches cybersecurity consultation focused on blockchain and crypto industry
The Malta Financial Services Authority (MFSA) has launched a consultation on cybersecurity in the wake of recent technological advancements such as distributed ledger technology (DLT). In its consultation document, entitled “Guidance Notes on Cybersecurity,” the regulator has proposed that its cybersecurity architecture should be in compliance with internationally and nationally recognized cybersecurity standards.
Mauritius FSC to implement licensing framework for digital asset custodian services in March
The Mauritian Financial Services Commission (FSC) has announced that a regulatory framework for digital asset custodian services will go into effect on 01 March 2019. The announcement follows a public consultation period launched last November on the proposed regulatory framework.
Luxembourg lawmakers pass blockchain bill into law
Luxembourg lawmakers have passed a bill that will encourage the use of blockchain technology in the country’s financial services, CoinTelegraph reported. The bill aims to “provide financial market participants with legal certainty for the circulation of securities via blockchain technology.
Liberty Korea Party partners with ioeX to use blockchain technology in youth committee election
South Korea’s main opposition Liberty Korea Party has entered into a partnership with Taiwanese startup ioeX to implement a blockchain-based voting system. The blockchain voting system will be officially used during the Liberty Korea Party's youth committee election in March.
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