Regulatory-ECHO KW7 – Is broken, the dam now?

By Christopher clover
18. February 2019BTC$3.723,93 2.53%Facebook Twitter LinkedIn xing mail

The Venezuelan state wants to crypto-lids Transfers, while the U.S. securities ICOs takes supervision more critically. In Canada, Mining contracts may apply as soon as the securities. The BaFin has, for the first time issued a Security Token, Offering the highest regulatory blessing. The regulation ECHO the KW7.

Who in the crisis-hit Venezuela on Bitcoin & co. to evade, to take advantage of relative value stability, must in future pay fees to the state. The new policy of the state crypto-task force SUNACRIP.

Therefore, not applicable to Transfers associated with crypto currencies in context, a basic charge equivalent to a minimum of € 0.25 and a maximum of 15 percent of the value of the transferred Assets. For this purpose, a ceiling of crypto-Transfers to a maximum of 600 dollars per month – who wants more, must obtain the SUNACRIP permission. However, even then, not more than $ 3,000, may be moved in a month Dollar.

SEC: BLV-Token is a security

The U.S. securities and exchange Commission SEC was able to convince a California court to subsequently assume that it is the Blockvbest published BLV-Token to a value of paper. Igm part of their campaign against the (unregistered) Inital Coin Offerings (ICOs) threw the authority Blockvest the sale of unregistered securities. After the SEC failed first with an injunction against Blockvest, was able to convince the authority of the court finally, the BLV-Token according to the Howey Test as the value of paper to be classified. The ICO Guide, the authority presented at the beginning of the week, said: "ICOs with a high probability of securities must be registered with the SEC."

Read also: The 5 big opportunities for Bitcoin in 2019

translates The crypto-sceptical attitude of the SEC in the tough struggle for the admission of a Bitcoin ETF. Crypto advocate, and SEC Commissioner Hester Pierce warned on 12. February, however, a special treatment of crypto-Assets:

In the case of the SEC, we were not yet ready for a Bitcoin ETF. My concern is that it looks a bit like a performance-based approach that evaluates the underlying Bitcoin market, and says that we believe that they are adequately regulated. You know, there are many markets that are not regulated, but we still have products on it. Therefore, I think that we need to be with this kind of reasoning very carefully.

Hester M. Peirce

Canada: Mining contracts. Securities to be

With the canadian neighbors, there was, last week, a crypto-precedent The financial Supervisory authority in Quebec (TMF) classified for the first time Mining contracts, as a potential securities:

With this decision, has decided the TMF for the first Time, that an investment offer in connection with the Mining of crypto currencies can be an investment contract, i.e., a value paper, whose public issuance is regulated

Specifically, it is Verträfe of the crypto-Mining provider Technologies, Crypto Inc, the received at the beginning of this month, a series of freezing orders in the context. The contract partner of Technologies Crypto Inc are now required to report until the end of February at the TMF.

Read also: F5 Crypto Capital publishes crypto-Index

BaFin allowed the first STO

Also from Germany there is vermleden a precedent. This is, however, more satisfactory. The German Federal financial Supervisory authority (BaFin) has for the first time, the green light for tokenized bonds. The company Bitbond is allowed to perform now a fully regulated Security Token Offering (STO). The first STO, with the blessing of the Bafin is broken, the dam now?

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