February 13, 2018 1:49 AM A petition to the House Ethics Committee requests lawmakers declare their virtual currency holdings. House Representative Jared Polis (D) of Colorado has raised questions about the ethics of US congresspersons holding virtual currency. When lawmakers have non-public foreknowledge of possible cryptocurrency regulations or investigations, those lawmakers...
February 10, 2018 5:18 AM Months ago, Kosala Hemachandra asked the court to order Taylor Monahan to produce MyEtherWallet documents. The MyEtherWallet (MEW) saga continues to grow. ETHNews has learned that as of December 14, 2017, a legal dispute exists between co-founders Kosala Hemachandra and Taylor Monahan. In December, Hemachandra petitioned the...
February 9, 2018 10:27 PM The Securities and Futures Commission in Hong Kong has sent advisory letters to cryptocurrency exchanges and ICO issuers in or connected to Hong Kong. They serve as a reminder that in the eyes of regulators, the line for securities compliance has already been drawn and...
A bill currently in the US Senate would call on federal personnel, including from the Department of Homeland Security, to develop and share with other law enforcement bodies a threat assessment describing how cryptocurrencies could be used to support terrorist activity. On February 7, the US Senate held hearings on...
February 8, 2018 10:42 PM A bill recently introduced to the Arizona House of Representatives would take away the power of town, city, and county governments to “prohibit or otherwise restrict” the running blockchain nodes in residences. According to the bill's author, it is one of several pieces of legislation...
On Wednesday, the NYDFS published guidance for virtual currency businesses, clearly explaining their responsibilities to monitor for fraudulent activity and market manipulation, and report findings in a timely fashion. On February 7, 2018, the New York Department of Financial Services (NYDFS) published guidance to remind virtual currency (VC) companies licensed...
February 8, 2018 12:29 AM Some state regulators are working together to make it easier for FinTech startups to apply for certain licenses. State banking regulators from Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas, and Washington have seen fit to work together in an effort to enable interstate commerce by simplifying the...
The Monetary Authority of Singapore, which is the country’s central bank, has no plans to ban cryptocurrency trading at the moment, though MAS does intend to eventually regulate digital asset exchanges and other entities to ensure AML/CFT compliance. Singapore's deputy prime minister, who doubles as the minister in charge of...
February 5, 2018 10:08 PM Texas officials targeting cryptocurrency startups soliciting state residents have issued a pair of fresh “Emergency Cease and Desist” orders. Filed on February 2, 2018, another "Emergency Cease and Desist" order has been issued by the Texas State Securities Board (TSSB), this time against cryptocurrency startup DavorCoin. According...
On Monday, the testimony to be given by the SEC and CFTC chairmen was posted on the Senate Banking Committee website. The hearing is scheduled for 10:00 a.m. EST, February 6, 2018. Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the...