Blockchain Australia: “blockchain and cryptocurrencies cannot be compared to the Wild West”

Blockchain Australia: “blockchain and cryptocurrencies cannot be compared to the Wild West”

The industry organization Blockchain Australia has accused the Australian government of inaction and reluctance to develop regulations to regulate blockchain in the country. Blockchain Australia CEO Steve Vallas chided the local government for considering the cryptocurrency industry a “hotbed of scammers and attackers” rather than interacting with target groups to develop effective regulation. Wallas said this in a speech to the Australian Senate Special Committee. In July, Blockchain Australia approached the Australian Senate Technology and…

Poloniex will pay SEC more than $ 10 million for trading securities without registration

Poloniex will pay SEC more than $ 10 million for trading securities without registration

According to the SEC, the Poloniex exchange violated the securities law. Poloniex agreed with the submission to cease illegal actions and pay the fine. The Securities and Exchange Commission order states that from July 2017 to November 2019, Poloniex used a trading platform that was not registered and performed digital asset exchange transactions, including digital assets that could be considered “investment contracts” and therefore securities. The criterion for digital assets that can be classified as…