Japan’s FSA weighs treating crypto as securities to pave way for ETFs: report
Japan’s financial watchdog has begun closed-door discussions on revising crypto regulations, including their potential classification as securities. Japan‘s Financial Services Agency is considering classifying cryptocurrencies as financial products similar to securities, Yahoo Japan reports, citing Japanese news outlets. The agency has begun closed-door discussions with experts to review existing regulations. The FSA reportedly plans to […]
Receipts Depositary explores XRP-backed securities: report
Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CoinDesk. The move will allow institutions to access XRP through U.S.-regulated market infrastructure. RDC has not responded to crypto.news’ request for comment. The news comes about a year after RDC announced the launch of the first-ever Bitcoin […]
Thai SEC to launch DLT-based platform for digital securities trading
Thailand is developing a distributed ledger technology-based trading system to modernize the country’s securities market. According to a Feb. 3 report from the Bangkok Post, the Thai Securities and Exchange Commission wants to digitize capital markets like bond trading and securities issuance by launching a DLT-based trading platform, allowing securities firms to participate in digital […]
SEC charges Nova Labs over crypto securities fraud and false partnership claims
The Securities and Exchange Commission has filed charges against Nova Labs for allegedly conducting unregistered securities offerings and making false statements about business partnerships to mislead investors. According to the SEC’s complaint, Nova Labs has been selling unregistered investment contracts since April 2019 through two main products: “Hotspots” — electronic devices that mine three different […]
SEC sues Nova Labs over alleged unregistered crypto securities offerings
The SEC’s filing against Nova Labs came just days before Gary Gensler, SEC chair and crypto critic, is set to step down from leading the agency. Source link
Robinhood hit with $45m SEC settlement over securities violations
Robinhood has agreed to a $45 million settlement with the United States Securities and Exchange Commission after its broker-dealer entities were found to have violated multiple securities laws. An SEC order made public on Jan. 13 claims that Robinhood Securities LLC and Robinhood Financial LLC committed over 10 violations of securities law provisions ranging from […]
Daiwa Securities CEO pushes for Japan crypto ETF approval amidst slumping China profits
CEO of Daiwa Securities believes Japan should allow for crypto exchange-traded funds to enter the local market. Daiwa is one of the many companies pushing for Japan to approve crypto ETFs. According to a Bloomberg report published on Dec. 24, Akihiko Ogino, Chief Executive Officer of the second largest brokerage in Japan, said in an […]
