11-02-2017: SEC Investor Alert on ICO Endorsements

The United States Securities and Exchange Commission’s (SEC) issued an investor alert on celebrity endorsements of ICO’s. Credit Suisse CEO Tidjane Thiam believes that Bitcoin is in a bubble because it is being used as an investment rather than a currency. Chinese cryptocurrency exchanges are moving to nearby Asian countries with friendly regulations.

In Regulation News:

  • Central Bank of Kenya (CBK) – CBK and Capital Markets Authority are planning to meet in early 2018 to discuss fintech and cryptocurrency regulations.
  • Central Bank of Swaziland (CBS) – CBS Governor Majozi Sithole claimed that the central bank is advancing research on cryptocurrency technology.
  • Reserve Bank of Australia’s (RBA) – RBA has acknowledged that attempting to regulate core protocols relating to cryptocurrencies Is unlikely to be effective because of the fluidity of cryptocurrencies such as bitcoin across borders.
  • New Zealand Financial Markets Authority (FMA) – FMA has considered all tokens to be securities, even non-financial products.

NOTE: This is an emergent and evolving highly technical space. You should understand how involvement in this space impacts you and acknowledge all risks before participating or implementing any recommendations.


Leave a Reply

Your email address will not be published. Required fields are marked *