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.