Facebook recently declared its plans to join the digital market by 2020. The move which has about twelve countries on board will see the tech giant create its own online currency named Libra. The Global coin is already ahead of other cryptocurrencies such as Ethereum and Ripple among others. But the currency must overcome a number…

The crypto industry is making great strides in establishing Security Token Offerings (STOs) as a secure fundraising method. With the market’s attention diverted to the first-ever SEC-supported STO, and the U.S. Securities and Exchange Commission (SEC) pledging “plain English” directives on ICOs, 2019 could finally see security tokens used as fundraising tools. In 2018, the digital…

The Iranian government recently approved digital coin mining. The announcement which was made on July 2019 by the country’s Economic Commission, has prompted authorities to find ways to control crypto mining within its current legal structures. Thanks to the country’s reduced electricity costs, mining has been thriving even before it was officially legalized. Mining Electricity Costs A…

The United States Financial Industry Regulatory Authority (FINRA) has extended the deadline for companies to report their cryptocurrency ventures. The regulatory notice comes at a time when all eyes are set on Libra, Facebook’s crypto initiative. The initial deadline was July 31,2019 but has since been moved to a similar date next year. Despite the growing…

The Financial Conduct Authority (FCA) plans to ban financial instruments associated with digital currencies like Bitcoin. According to a published policy document referenced, “Restricting contract for difference products sold to retail clients”, the financial regulatory body that is based in the United Kingdom announced the proposed ban in July 2019. Though it cannot prevent the direct…

The digital currencies have in the past received praise and criticism in commensurate measure. The colossal rise in crypto thefts and scams has necessitated the need for laws to govern the space. According to a report by Cipher trace, Thefts, Fraud, and Scams amounted to more than $1.2 billion in the first quarter of 2019.…

Cryptocurrencies have recently experienced a phenomenal surge in prices commensurate to that witnessed in late 2017. Everyone is eager to get a piece of the crypto pie. Although mobile apps in the crypto scene have enhanced positive numerous transactions, they have also created an avenue for cybercriminals to scam unsuspecting customers. For the past…

In a whitepaper issued through a press release earlier this year, the Depository Trust and Clearing Corporation (DTCC) highlighted the principles governing after-trade operations of security tokens. Tokenized securities are digital types of securities used by firms to raise capital for their projects. They include equities and bonds. These guiding principles are targeted at regulators…

Being part of a community is crucial to any investor’s growth. This is particularly true for the cryptocurrency sector, where stakeholders have to be up to date with the latest information before committing their money. Perhaps that is why the US Securities & Exchange Commission (SEC), through its Strategic Hub for Innovation & Financial Technology…

Germany recently disclosed its plans to launch a blockchain strategy within the course of this year. This was after an inquiry by the parliament which is the body responsible for the nation’s fintech systems. Early last year on 8th March 2018, the European Union announced its Fintech Action Plan. The goal of the plan…