The two regulators have issued a statement explaining that they haven’t still come across circumstances that comply with the SEC’s Customer Protection Rule.
The executive notes that the entry of new asset classes in the global financial structure should not exploit the regulatory void and thus demands quick action.
In a major development for the Tezos, Brazilian banking giant will be conducting its billion-dollar STO on using Tezos’ smart contracts platform.
The banks stated that using the blockchain technology will help them reduce the time of processing bank guarantees from a month to just one day.
The financial regulator plans to ban leveraged crypto products which allow investors to trade much above their existing collateral.
Stockpoint is the most comfortable, easiest way to start a career on the crypto market for beginners
Bitcoin enters major correction and slips below crucial support levels of $10000. Further downside could be expected from here.
The decision from the Bank of International Settlements (BIS) comes amidst citing the growing competition in the payments market after Facebook’s Libra launch.
Commissioner Pierce says that SEC laggard attitude towards crypto products can be detrimental to innovation and growth in the industry.
The looming regulatory uncertainty in India is putting pressure on local crypto businesses as one more crypto exchange announces its closure.