To bring you cftc bitcoin regulation map best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. Unregistered Sale of Alleged XRP Securities On May 3, 2018, class action was filed against Ripple Labs, Inc.
The Israeli tax authorities issued notice early on Monday confirming their classification of cryptocurrencies as properties and thus attracting property gain tax. Bitlegal tracks the evolving regulatory landscape of cryptocurrency, digital assets and distributed ledger technology around the world. Bitlegal is a brand of Merkle Tree Limited. Receive all Bitcoinist news in Telegram! The CFTC Chairman just told the Senate Banking Committee he wants to respect the new generation in his approach to blockchain and crypto regulation.
On January 6, 2018, the chairman of the U. Christopher Giancarlo, sat in front of the Senate Banking Committee and presented testimony on cryptocurrency and blockchain regulation. You can watch the full hearing session below. The actual session begins at about the 18:35 mark. Giancarlo closely to try and gain insight into how US policymakers are set to approach this side of the cryptocurrency space. For anyone that’s familiar with the more traditional financial and economic policymaking world, this event is akin to a Yellen speech in the US or a Draghi speech in Europe. Traders watch these events and trade their interpretation of what’s being said.
As such, if Giancarlo’s comments are seen as positive, it could be an inflection point for the crypto markets and could finally bring about a bottom to the recent crash. Well, in a nutshell, the outcome is extremely positive for the sector. Do no harm’ was unquestionably the right approach to the development of the Internet. Similarly, I believe that do no harm is the right overarching approach for distributed ledger technology. Virtual currencies, however, likely require more attentive regulatory oversight in key areas, especially to the extent that retail investors are attracted to this space. The comment is worth noting but it’s not a point to dwell on. For such virtual currency spot markets, CFTC only has enforcement jurisdiction to investigate and, as appropriate, conduct civil enforcement action against fraud and manipulation.
So even if the CFTC did want to regulate the space, there’s not an awful lot it can do in the spot markets. CFTC can do to stymie growth. We owe it to this new generation to respect their interest in this new technology with a thoughtful regulatory approach. From a market perspective, this is incredibly bullish.
What are your thoughts on this? Can this be the catalyst for a longer term reversal? Images and media courtesy of Shutterstock, Senate. However, analysts also claim that the much-hyped Ethereum rival has a rather serious centralization problem — one which may warrant downgraded ratings in the future. Understanding price movements in financial markets is all about sentiment. On the face of it that might be an odd statement to make because surely prices defend on more fundamental factors than mere sentiment?
Receive all Bitcoinist news in Telegram! Think cryptocurrency is a bubble ready to burst? Think again, says the ex-head of the Commodity Futures Trading Commission. Chair Jim Newsome, cryptocurrency is not a bubble on the verge of bursting.