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SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities

“Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws” writes Adrian Zmudzinski for cointelegraph.com. When Szczepanik reportedly made the statement concerning securities at Austin’s SXSW conference on March 15, she also broke stablecoins into three categories.Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director Bill Hinman in June…

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Crypto News 

SEC to Hold Public Forum on Blockchain at the End of March

“The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on blockchain technology” writes David Kimberley for financemagnates.com. According to a statement released by the SEC, the forum will deal with both blockchain technology and cryptocurrencies.Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 – light years in…

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SEC charges VW and its former CEO with defrauding investors in Dieselgate

“The surprise charges from the SEC arrive as the German company attempts to distance itself from the scandal” writes Associated Press for autoblog.com. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one if its darkest eras. Source: autoblog.com

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The CFO of MoviePass’ parent company has resigned, as the executive exodus continues

“In a filing to the Securities and Exchange Commission on Friday, Helios and Matheson Analytics, the parent company of MoviePass, announced that its chief financial officer and secretary of the company, Stuart Benson, had resigned” writes Jason Guerrasio for businessinsider.com. The filing stated that Benson was leaving the company after two-plus years to “accept another employment opportunity.”.  Source: businessinsider.com

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US sues Volkswagen for ‘massive fraud’ over emissions scandal

“US authorities have taken legal action against Volkswagen and its former chief executive, Martin Winterkorn, over the German car maker’s diesel emissions scandal, accusing the company of perpetrating a “massive fraud” on US investors” writes Jon Yeomans for telegraph.co.uk. The US Securities and Exchange Commission said in its civil complaint filed in San Francisco late on Thursday that, from April 2014 to May 2015, Volkswagen issued more than $13bn (£9bn) in bonds and asset-backed securities in US markets at a time when senior executives knew that more than 500,000 diesel…

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German Bank Association: New Regulation for DLT-Based Securities May Be Necessary

“According to Bankenverband, corporate actions and securities trading may also be subject to change because of DLT-based securities” writes Adrian Zmudzinski for cointelegraph.com. The Association of German Private Banks (Bankenverband) foresees that a need for new regulation may arise from the emergence of distributed ledger technology (DLT)-based securities.Per the post, if securities are issued using new technologies, then there is a need for new safekeeping and settlements processes.As Cointelegraph recently reported, German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty…

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Crypto News 

SEC Chairman Highlights Investor Protection in Regard to Bitcoin ETF

“United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton is still concerned about investor protection when it comes to the commission approving a Bitcoin (BTC) Exchange-Traded Fund (ETF)” writes Helen Partz for cointelegraph.com. Earlier this week, Jay Clayton confirmed his previous statement that Ethereum (ETH) and similar cryptocurrencies are not securities under U.S. law. However, Clayton stipulated that he meant that a digital asset’s definition as a security can change over time. Source: cointelegraph.com

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Canada: Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review

“Two national securities bodies in Canada have issued a joint consultation paper on March 14, aiming to gather industry feedback about cryptocurrency token regulation” writes William Suberg for cointelegraph.com. In a summary press release about the paper, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) said it was necessary to adapt existing laws in order to cope with the emergence of new trading platforms specializing in crypto-assets.Canada has maintained a reticent stance by comparison, with the tone of the latest documentation being conspicuously pro-change as…

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Crypto GBP News 

British Columbia Watchdog Exposes a Bitcoin HYIP Scheme

“The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added Canada Bitcoin Exchange Inc. (CBE), which facilitates trading in digital currencies, to its ever-growing Investment Caution List” writes Aziz Abdel-qader for financemagnates.com. As one would expect, sites such as Canada Bitcoin operate as a HYIP scheme where returns are always dodgy, though they tend to dry up well before the original investment amount is repaid.Earlier last year, NASAA organized a task force to launch investigations into ICOs and cryptocurrency-related investment products. Source: financemagnates.com

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Crypto News Platforms Stocks 

Thai Stock Exchange Considering to Launch Crypto Trading Platform

“Imitating the move of a few major European stock exchanges, the Stock Exchange of Thailand is exploring the idea to develop a digital asset trading platform” writes Arnab Shome for financemagnates.com. It has even prepared a blueprint detailing the IT infrastructure of the digital asset exchange.The stock exchange is also planning to completely digitize the new trading platform including paperless account opening through electronic identification verification, electronic payment of stamp duty and direct-debit registration processes.According to a Finextra report, the exchange has already tabled plans to build the new exchange…

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