The US Commodity Futures Trading Commission has granted LedgerX registration as a derivatives clearing organization. The agency already recognizes LedgerX as a swap execution facility. Options trading for cryptocurrency should begin in early fall of 2017.
On July 20, former CEO of GAW Miners Homero Joshua Garza pleaded guilty to one count of wire fraud stemming from his mining Ponzi scheme. Garza, who faces up to 20 years imprisonment, will be sentenced in October 2017.
Governor of the Austrian Central Bank Ewald Nowotny warned users about the speculative nature of virtual currency. Nowotny also serves as a member of the governing council of the European Central Bank (ECB).
During a public hearing held in South Korea’s National Assembly, a diverse group of panelists called upon regulators to bolster the nation’s legal framework for cryptocurrency. Participants raised concerns about the absence of consumer protection laws and potential tax treatments of virtual currency.
The ULC’s Uniform Regulation of Virtual Currency Businesses Act has come under recent fire by advocates who maintain that the regulation will only stifle innovation and create uncertainty due to legal inconsistencies.
In early June, the Chamber of Digital Commerce submitted a letter to request that the Financial Accounting Standards Board (FASB) consider a project to address digital currencies. The FASB will conduct preliminary research and discuss digital currency at a public board meeting.
The blockchain community joins its internet brethren which include Amazon, Netflix, Twitter, and reddit to fight for net neutrality. This is how the upcoming FCC decision can affect the ecosystem and users like you.
The European Commission assessed the risk level of virtual currencies and found them vulnerable due to features such as anonymity, yet the practical threat of them being used for these for terrorism and money laundering remains moderate.
The US Commodity Futures Trading Commission (CFTC) issued an Order of Registration to LedgerX, a company backed by Google Ventures. LedgerX was granted status as a Swap Execution Facility, a designation that was created under Dodd-Frank.