The U.K. Treasury has today announced that it will conduct an inquiry into cryptocurrencies and blockchain technology. Launched by the Treasury Committee, the investigation will take several angles including examining the role of cryptocurrencies in Britain, including potential "opportunities and risks" for consumers, the business community and government. The potential...
One of India's leading tech industry organizations is partnering with the Blockchain Research Institute (BRI) to help spur a digital economy within the world's second most-populous nation. India's information technology trade organization, the National Association of Software and Services Companies (NASSCOM) will work with BRI researchers backed by the...
Germany's financial markets regulator has issued new guidance on how it will classify tokens sold during initial coin offerings (ICOs), including those it will consider securities. On Feb. 20, the Federal Financial Supervisory Authority (BaFin) issued a letter of advice, announcing the move in light of an influx of inquiries...
Jared Marx is an attorney at the Washington, D.C. law firm Harris, Wiltshire & Grannis. He represents companies and individuals in civil and criminal proceedings.  With the rise and rise of initial coin offerings (ICOs), much attention has been paid to how the U.S. Securities and Exchange Commission (SEC)...
A woman peers out from a watchtower. Below her hundreds of people are walking the streets of a bustling marketplace. She has one power: If a vendor tries to cheat a buyer or vice versa, she pushes a button, instantly notifying the innocent party. Once the swindle is known,...
There's a flurry of information coming out of Venezuela this week about its new national cryptocurrency, the petro, though a full picture of the project has yet to emerge. Indeed, despite the press conferences and Twitter campaigns, one of the notable questions to emerge about the first-of-its-kind cryptocurrency is...
Social media has been abuzz since Tuesday's initial sale of the forthcoming Venezuelan government-backed cryptocurrency, the petro, though reviews are so far mixed. So far, Venezuelan president Nicolas Maduro has claimed that the country had collected a whopping $735 million during the first day of its presale for the new...
The owner of BitFunder, a long-defunct, bitcoin-denominated stock exchange, has been arrested by the U.S. government. The charges against Jon Montroll, also known as "Ukyo," were unveiled today by the U.S. Justice Department following an investigation that involved the Federal Bureau of Investigation (FBI) and the Securities and Exchange...
"Cryptocurrency networks are much more than alternatives to the dollar or payment mechanisms." That was the message delivered to the heads of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) Wednesday by three lawmakers and members of the Congressional Blockchain Caucus (CBC), a bipartisan group...
Distributed ledger startup Ripple has today announced new partnerships with five banking and money transfer institutions across four different countries. Going forward, the two banks - Itaú Unibanco from Brazil and IndusInd from India - along with money remittance companies InstaReM from Singapore, Beetech from Brazil and Zip Remit...