Learn about regulations governing cryptocurrencies around the world with our Regulatory Review. We’ve gathered a timeline of the last three years in chronological order, with details such as what regulations went into effect when and in what countries.
Our team stays updated on what’s happening in the U.S. and internationally, so you can see the evolving landscape of crypto regulations, and how that is, in part, driving the security token industry. The information we gather is straight from the governing bodies such as the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) in the United States.
In addition to covering new regulations, we also keep track of and share regulatory actions and enforcement – for example, when a regulatory body such as the SEC shuts down a company. And we also cover regulatory directions provided by government officials through speeches, op-eds, or comments to the news media.
Telegram ordered to stop issuing GRAM tokens by a New York judge who ruled in favor of the United States SEC. Read More »
The United States’ SEC obtains an asset freeze and emergency relief to stop ongoing securities fraud involving a former state senator and the “Meta 1 Coin.” Read More »
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announces it will start regulating digital currencies more strictly beginning on June 1st, 2020. Read More »
Hawaii launches its first pilot program for digital currencies called the Digital Currency Innovation Lab. Read More »
France’s Financial Markets Authority (AMF) calls for a Europe-wide regulatory sandbox to be established for the security token industry. Read More »
The United States’ SEC receives a default judgement against ICOBox for conducting an illegal $14.6 million securities offering. Read More »
The United States SEC announces it has settled charges against actor Steven Seagal regarding failure to disclose payments he received to promote and ICO. Read More »
Malta’s Financial Services Authority releases feedback statement on STOs. Read More »
The United States’ SEC rules that crypto startup Enigma MPC must return investors money and pay a fine due to violations of federal securities laws. Read More »
The United States’ SEC files charges against Michael W. Ackerman with defrauding investors via a cryptocurrency scheme. Read More »
The Swiss Financial Market Supervisory Authority (FINMA) proposes stricter regulations to combat money laundering for crypto transactions. Read More »
SEC Commissioner Hester Pierce proposes a three year grace period for crypto startups. Read More »
The U.S. SEC charges Sergii Grybniak and Opporty International, Inc. with running a fraudulent ICO. Read More »
The U.S. SEC files a civil suit against Boaz Manor, Edith Pardo and Blockchain Terminal alleging they raised USD $30M via a fraudulent ICO. Read More »
Canada’s securities regulators indicate that Canadian crypto exchanges will be subject to national securities laws stating, “that if crypto assets that are securities or derivatives are traded on a Platform, such Platform would be subject to securities legislation.” Read More »
Malaysia’s Securities Commission (SC) publishes new guidelines for IEOs, while also banning ICOs. Read More »
The U.S. SEC publishes a warning against initial exchange offerings (IEOs). The notice states, “there is no such thing as an SEC-approved IEO.” Read More »
Qatar announces ban on cryptocurrency trading stating that “Virtual Asset Services may not be conducted in or from the QFC at this time.” Read More »
Uzbekistan announces a ban on the purchase of digital currencies. Read More »
The United States SEC announces a settlement with BCOT, aka Blockchain of Things Inc., where BCOT must pay a penalty of $250,000 for conducting an unregistered ICO. BCOT must also return USD $13M it raised illegally. Read More »
France’s Financial Markets Authority approves first “ICO visa.” Read More »
The U.S. Securities and Exchange Commission announces wider definition of what an “accredited investor” is. The new amendment would expand the definition to include people with “professional knowledge, experience, or certifications” which prove their qualifications to participate in private capital markets. Read More »
The United States SEC Commission Chairman Jay Clayton testifies before the U.S. Senate Committee on Banking, Housing, and Urban Afairs. Clayton states he is “optimistic that developments in distributed ledger technology can help facilitate capital formation, providing promising investment opportunities for both institutional and Main Street investors.” Read More »
The United States SEC announce charges against the founder of Shopin for conducting a fraudulent unregistered ICO. Read More »
The United States SEC appoints Krstina Littman as the new cyber unit chief, which focuses on violations involving ICOs, distributed ledger and blockchain technology. Read More »
A new German law permits banks to sell and store cryptocurrencies beginning in January of 2020. Read More »
Virgial Griffith is arrested by the office of the U.S. Attorney for the Southern District of New York and the FBI for violating U.S. sanctions laws by traveling to North Korea to “deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.” Read More »
The U.S. Commodity Futures Trading Commission (CFTC) announces that it collected USD $1.3B in regulatory penalties in 2019’s fiscal year. This is an increase of 40% over 2018. Read More »
Brooklyn’s Masksim Zaslavskiy is sentenced to 18 months in federal prison for securities fraud related to his 2017 ICO schemes. Read More »
The UK Jurisdiction Taskforce of the Lawtech Delivery Panel publishes legal statement which recognizes crypto assets as “tradeable property” under English and Welsh law. The statement goes on to clarify that smart contracts are considered “enforceable agreements” under English law. Read More »
Hong Kong’s Securities and Futures Commission announces that it will treat cryptocurrency trading platforms the same as traditional brokers if security tokens are offered. Read More »
Hong Kong’s Securities and Futures Commission (SFC) releases paper stating that it will approach cryptocurrency trading platforms like traditional brokers if security tokens are offered. Read More »
The International Organization of Securities Commissions (IOSCO) says that stablecoin proposals may fall under existing securities market regulations. Read More »
The United Kingdom’s tax authority issues new guidelines for crypto taxation, stating that crypto assets such as bitcoin fail to qualify as currencies or securities. Read More »
The Veritaseum crypto ICO announces that it has entered into a consent judgement with the United States’ SEC. The settlement shows that Veritaseum must pay approximately USD $10M to the SEC and is permanently barred from selling digital assets. Read More »
The U.S. Supreme Court agrees to hear a case which would have the SEC stripped of its power to recoup illegal profits from wrongdoers. Read More »
China passes a cryptography law which aims to encourage research and development of commercial cryptography technologies. Read More »
Kenneth Blanco, director of FinCEN, warns crypto industry that it must follow the Bank Secrecy Act and AML regulations or risk facing “hard times.” Read More »
The United States Congress introduces a bill to classify stablecoins as securities. Read More »
The Bank of Lithuania issues security token guidelines to improve regulatory clarity and investor protection. Read More »
The Financial Action Task Force issues documents stating that stablecoins are at risk for money laundering and terrorist financing around the world. Read More »
The United States’ SEC issues a statement inviting exchanges and market participants to submit “proposals designed to improve the secondary market structure for exchange listed equity securities that trade in lower volumes, commonly referred to as "thinly traded securities." Read More »
Federal Reserve Bank of Dallas President Rob Kaplan announces that the U.S. Central bank is “actively looking at and debating” issuing a digital currency. Read More »
The SEC announces a lawsuit aimed at stopping Telegram, Inc. and Ton Issuer, Inc. from selling and issuing Grams. Grams are the tokens used on Telegram’s blockchain which the SEC says are securities due to their lack of a utility function. Read More »
The IRS releases tax guidelines for hard forks involved in crypto assets. Read More »
The United States’ SEC issues a letter stating that Bitcoin isn’t a security. Read More »
The Liechtenstein Parliament unanimously approves new Blockchain law titled the Token and VT Service Providers Act (TVTG). The new law makes Liechtenstein the first country to have comprehensive regulation of the token economy. Read More »
Japan’s Financial Services Agency (FSA) releases updated guidelines for crypto trusts. Read More »
Block.one agrees to pay a USD $24M civil fine to settle charges that it did not properly register its 900 million-token offering, as per the SEC. Read More »
The United State’s SEC unveils a new rule which “extends a ‘test-the-water’ accommodation to all issuers.” Under the new rule, all issuers may test market interest via discussions with certain institutional investors prior to, or following, the filing of a registration statement.” Read More »
SeedInvest CEO and co-founder Ryan Feit posts a comment letter to the United States SEC calling for updates to “the outdated accredited investor definition is critical for supporting startups and leveling the playing field for Main Street investors.” Read More »
The United States SEC chages Jonathan C. Lucas, former founder of and CEO of Fantasy Market, with orchestrating a fraudulent ICO. Read More »
A new blockchain strategy is passed by the German government intended to prevent parallel currencies from being issued in Germany. This includes Facebook’s Libra stablecoin. Germany’s Finance Minister Olaf Scholz, stated, “We want to be at the forefront and further strengthen Germany as a leading technology location. At the same time, we must protect consumers and state sovereignty. A core element of state sovereignty is the issuing of a currency, we will not leave this task to private companies.” Read More »
SEC Chairman Jay Clayton elaborates on the SEC’s ongoing “concept release” regarding the private market regulation during his speech at the Economic Club of New York. He stated that “We are taking a fresh look at this framework, including examining whether appropriately structured funds can facilitate Main Street investor access to private investments in a manner that ensures incentive alignment with professional investors — similar to our public markets — and otherwise provides appropriate investor protections. Stay tuned.” Read More »
Korea’s top financial regulator Eun Sung-soo indicates that he will continue cautiously in regards to cryptocurrencies and digital securities. Read More »
The SEC approves Securitize to operate as the first official registered transfer agent in the United States. Read More »
The New Jersey Bureau of Securities announces that it will take enforcement action against Zoptax and UNOcall, two New Jersey-based ICOs. Read More »
The Securities and Exchange Commission of Zambia warns investors against Onyxcoin. Onyxcoin was flagged due to being unlicensed by regulators. Read More »
Steven Mnuchin, the U.S. Department of the Treasury Secretary, holds a press conference regarding cryptocurrencies where he states that the U.S. “will not allow digital asset service providers to operate in the shadows.”Read More »
The Reserve Bank of India (RBI) announces it is developing a blockchain platform for banking. The new platform will host numerous blockchain applications and is set to launch in 2020. Read More »
The U.S. SEC announces plans to sue Kik on the grounds of conducting an unregistered securities sale during Kik’s initial ICO launch. Read More »
SEC Director of Corporate Finance William Hinman announces during the SEC’s FinTech Forum that some startups, which originally conducted ICOs, might be eligible for relief in regards to SEC enforcement actions. Read More »
Japan’s House of Representatives approves a new bill which amends the current laws governing crypto regulation. Read More »
Australia’s Securities and Investment Commission (ASIC) announces updates to their regulatory guidance for companies participating in ICOs and crypto assets. Read More »
Valerie Szczepanik, the SEC’s Advisor for Digital Assets, warns that platforms which list IEO tokens may be participating in broker-dealer activity. Read More »
SEC Commissioner Hester M. Pierce addresses regulators at the Securities Enforcement Forum saying that the agency was too slow to clarify and update regulations which may stifle the crypto industry’s growth. Read More »
FinCEN issues guidance for the application of the FinCEN regulations for business models involving convertible virtual currencies. Read More »
A new warning is issued by the SEC’s Office of Investor Education and Advocacy warning investors to beware of misrepresentations of SEC “approvals.” Read More »
The SEC’s Office of Investor Education and Advocacy issues an investor alert warning stating that even though a securities offering or ICO have filed with the SEC, this does not mean it is approved, nor is it endorsed by the SEC. Read More »
Malta’s Financial Services Authority, MFSA, issues a warning, as well as guidelines, regarding digital currency, ICO, and cryptocurrency scams. Read More »
Austria’s Ministry of Finance announces it is considering establishing a regulatory sandbox for the FinTech industry. Read More »
The FinHub branch of the SEC releases new framework intended to help analyze whether or not a digital asset is a security. Read More »
New regulatory framework is announced by the Reserve Bank of India. The new framework includes blockchain based projects, but prohibits cryptocurrencies and ICOs. Read More »
South Korean lawmakers, claiming the country’s current blockchain and cryptocurrency regulations are too strict, push for improvements to the regulatory framework. Read More »
The Financial Services Commission of Mauritius releases clarification of rules for STOs. Read More »
The Securities and Exchange Commission (SEC) of Thailand approves the first ICO portal. Read More »
The Thai Securities and Exchange Commission announces that Bitcoin Cash, Ethereum Classic, and Litecoin are banned from use in initial coin offerings. Read More »
The National Legislative Assembly in Thailand approves a Securities and Exchange Act amendment that allows blockchain-based securities to be issued and traded. Read More »
The SEC charges Gladius Network LLC with “conducting an unregistered initial coin offering (ICO), which the company reported to the SEC.” The SEC states that Gladius’ failed to register its ICO under federal securities laws, nor did it qualify for exemptions from registration requirements. Read More »
The United States’ SEC announces plans to expand the “test-the-waters” accommodation to all issuers. The new expansion would allow any prospective issuer to test market interest prior to filing a registration statement. Read More »
The United State’s Federal Bureau of Investigation releases details on what they believe to be warning signs of fraudulent ICO activity. The FBI also warned investors to conduct due diligence. Read More »
The SEC obtains “preliminary injunction against Blockvest LLC” and its founder Reginald Buddy Ringgold, III.. The SEC is charging Blockvest with “making fraudulent offers of securities,” as well as unauthorized use of the SEC logo in order to mislead investors. Read More »
The SEC releases updated guidelines and warnings concerning ICOs. Read More »
Hester Pierce, one of the SEC’s five commissioners, spoke on what she believes to be ideal regulations for tokenized assets and ICOs. Pierce reiterated that the SEC’s view of supporting innovation while still maintaining a need for thoughtful regulations. Read More »
The Monetary Authority of Singapore (MAS) reminds investors of the risks of investing in ICOs. The MAS also warned an ICO issuer not to proceed until compliant with their regulations. Read More »
Florida’s Congressman Darren Soto says that digital assets should not be regulated by the SEC. He proposes that digital assets should answer to the Commodity and Futures Trading Commission. Read More »
The Cyberspace Administration of China announces regulations requiring all companies utilizing blockchain technology to adhere to anti-anonymity regulations. Read More »
Thailand issues licenses to its first four crypto exchanges. The four approved exchanges are Bx, Bitkub, Coins and Satang Pro. Read More »
ESMA, the European Securities and Market Authority, publishes their “Advice” on ICOs and crypto-assets. Read More »
The Capital Market Authority of Kenya warns public against investing in an ICO or trading coins offered by the Kenyan based Wiseman Talent Ventures. Read More »
The Philippine Securities and Exchange Commission announces that the release of ICO regulations will be delayed. The PSEC says that they were pressured by “different shareholders” into delaying publishing the regulations in order to allow them more time to review the drafts of the regulations before publishing. Read More »
U.S. Representatives Warren Davidson and Darren Soto introduce the “Token Taxonomy Act.” The new bill aims to remove digital currencies from being classified as securities. Read More »
The Securities Commission Malaysia and Bank Negara Malaysia announce that they will tighten scrutiny of ICOs via expanded rules which are intended to eradicate issues of money laundering and unfair trade practices. Read More »
The Municipal Bureau of Finance’s bureau chief Huo Xuewen announces that security token fundraising is illegal. China also aims to ban airdrops. Read More »
The Municipal Bureau of Finance’s bureau chief Huo Xuewen announces that security token fundraising is illegal. China also aims to ban airdrops. Read More »
United States Representative Warren Davidson of Ohio announces plans for federal government to regulate ICOs and cryptocurrencies. The goal of the bill is to classify tokens in their own asset class, thus exempting them from being classified as securities. Read More »
Japan’s Financial Services Agency prepares to enact regulations regarding ICOs. The new regulations will require registration with the FSA for businesses planning to offer their own cryptocurrencies. Read More »
The SEC announces charges against Floyd Mayweather Jr. and DJ Khaled for failure to disclose payments they received to promote the Centra Tech Inc. ICO. Mayweather will have to pay upwards of $600,000 in fines, while Khaled will have to pay approximately $150,000. Both celebrities have agreed to not promote any digital securities for three years. Read More »
Two ICOs, Airfox and Paragon Coin agree to settle SEC registration charges and will return funds to investors, register the tokens as securities, pay penalties and file reports periodically with the SEC. Both ICOs failed to register their offerings under federal securities laws. Read More »
Maksim Zaslavskiy, pleads guilty to fraud involving the REcoin ICO offering. This is the first ICO fraud case to be prosecuted. Read More »
The U.S. SEC tweets out “five things you need to know about ICOs” in order to remind investors of the potential risk of investing and that ICOs may fall under the umbrella of securities. Read More »
Colorado’s Division of Securities of the U.S. State issues four cease-and-desist orders “directing the cessation of unregistered securities in the state of Colorado.” Read More »
The SEC announces that charges against EtherDelta founder Zachary Coburn have been settled. Coburn was ordered to pay hundreds of thousands of dollars in penalties and his cooperation was noted by the SEC. Read More »
The SEC’s annual Enforcement Report is released. The report prominently features ICOs and addresses the SEC’s crackdown on the relatively new form of fundraising. Read More »
The Thai Securities and Exchange Commission issues warnings against nine ICO and token offerings which are not accredited by the Thai SEC. They are warning investors to beware of fraudulent raises and ponzi schemes. Read More »
Taiwan’s securities regulatory agency announces that it will introduce a legal framework for ICOs. Taipei Times predicts that the regulations regarding tokens should be finalized by June 2019. Read More »
Austria’s Financial Market Authority issues guidelines regarding its views on ICOs from a financial regulatory perspective. The new guidelines are meant to give further clarification on crypto assets such as tokens and virtual currencies. The new guidelines address what constitutes an ICO, regulatory requirements that should be considered when launching an ICO, as well as a further explanation of the types of tokens. Read More »
The United Arab Emirates’ securities regulator announces that it will introduce ICOs next year as a viable source of fundraising. Read More »
The Capital Markets Board of Turkey issues statement that they do not regulate or supervise ICOs or companies utilizing blockchain technology, including cryptocurrencies and token offerings. Read More »
U.S. Securities and Exchange Commission co-director Stephanie Avakian states in a speech that the SEC aims to recommend “more substantial remedies” against those ICOs are who fail to meet registeration requirements. Read More »
Gaws Miners’ CEO Homero Joshua Garza receives 21 month prison sentence for defrauding investors. Garza was also ordered to pay $9.2M USD in restitution related to the “creation and sale fo a cryptocurrency called PayCoin.” Read More »
A judge from the U.S. District Court for the Eastern of New York issues an order which confirms that a federal indictment against maksim Zaslavskiy for promoting digital tokens through an ICO, was adequately pled. Read More »
The SEC and FINRA each announced three “first of their kind” enforcements related to the digital token market. The actions targeted a token sale website for being unregistered broker-dealer, a digital asset hedge fund manager for failure to register as an investment company, and finally a complaint against a firm which violated federal security laws by offering a blockchain token as an unregistered security. Read More »
Plans were approved by the United Arab Emirates Securities and Commodities Authority to recognize ICOs as securities, as well as to increase regulation. Read More »
Gerald Rome, the Colorado Securities Commissioner, issues orders to three companies conducting unregistered ICOs. The three companies under investigation are Bionic Coin, Sybrelabs Ltd., and Global Pay Net. The Division of Securities, which is a task force created by Rome, are in charge of the investigations. Read More »
The Financial Industry Regulatory Authority warns investors that they should not consider ICOs that promote SAFTS, or Simple Agreement for Future Tokens, as safe investments, nor does the promotion of a SAFT contract mean that the offering is compliant. Read More »
The Securities and Exchange Commission announces “permanent officer-and-director and penny stock bars” against David T. Laurance, who is “the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. Read More »
The Australian Securities and Investment Commission releases additional guidelines regarding compliance for ICOs and cryptocurrencies via Information Sheet 225. The new guidelines provide clarity on the legal status of ICOs, as well as other issues relating to ICOs such as social media promotion and disclosing of information. Read More »
The Gibraltar Stock Exchange announces plans to apply for an extension to its license from the Gibraltar Financial Services Commission. The extension would then allow the trading of security tokens on the GBX exchange. Read More »
FINRA, the Financial Regulation Authority, sends reminder urging firms to “consider all applicable federal and state laws, rules and regulations, including those of FINRA and the SEC.” The notice went on to say that firms should disclose involvement in cryptocurrency products and production. Read More »
The Thai Securities and Exchange Commission announces that its ICO regulations will go into effect on July 16th. The regulations utilize a “two tier form vetting procedure” which requires applicants to pass a final SEC screening. Read More »
Delaware announces that the Delaware Blockchain Amendments “do not provide blanket authority for shares of stock of a Delaware corporation to be tokenized.” Read More »
Thailand unveils new Digital Asset Business Decree law which respectively defines cryptocurrencies and digital tokens as a “medium of exchanging goods” and “rights to participate in an investment or receive specific goods.” The new law also provides rules for exchanges, brokers and dealers, as well as a formalized process for ICOs. Read More »
The SEC announces it will not consider bitcoin or ether as securities. Read More »
Lithuania’s Ministry of Finance announces new guidelines for ICOs which address regulations, taxation, accounting and AML. Read More »
Thailand’s Securities and Exchange Commission announces new regulatory framework for cryptocurrencies and ICOs. Read More »
The SEC appoints Valerie Szczepanik to the position of associate director of the Division of Corporation Finance and senior advisor for digital assets and innovation. Szczepanik’s role will be to “coordinate efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to emerging digital asset technologies and innovations, including initial coin offerings and cryptocurrencies. Read More »
The Monetary Authority of Singapore warns 8 cryptocurrency exchanges that trading of tokens which are regarded as securities or futures contracts are not permitted without permission from the MAS. Read More »
Regulators in the US and Canada announced they have opened investigations into 70 cryptocurrencies and ICOs in a wide-ranging crackdown named “Operation Crypto Sweep. ” Read More »
Overstock.com’s company tZero and BOX Digital Markets announce plans to open the first regulated exchange for security tokens. Read More »
CPA Ontario urges chartered accountants to avoid “participating in unregulated cryptocurrency offerings” and to avoid any ICOs which don’t treat their tokens as securities. Read More »
SEC Commissioner Robert Jackson issues criticism of ICOs saying, “Investors are having a hard time telling the difference between investments and fraud…If you want to know what our markets would look like with no securities regulation, what it would look like if the SEC didn’t do its job? The answer is the ICO market. Read More »”
The Australian Securities and Investments Commission (ASIC) said Tuesday that it is taking aim at fraud in the initial coin offering (ICO) market. Read More »
The U.S. House of Representatives holds hearing regarding whether or not ICOs could be regulated with a “balanced approach.” Read More »
Bermuda House Assembly passes the Companies and Limited Liability Company Amendment Act 2018 (ICO Act) which, if approved by the Senate, will regulate all aspects of digital assets (including ICOs.) Read More »
The Australian Securities & Investments Commission announces that ICOs will be a key focus as it expands its guidance and regulations. Read More »
Gary Gensler, the former chairman of the Commodity Futures Trading Commission, said that government officials should take a closer look at the largest coins by market capitalization, not just at tokens sold in ICOs. Ethereum’s Ether and Ripple’s XRP could probably be classified as securities, Gensler said. Read More »
Former CFTC Head Gary Gensler says that coins with high market capitalization, such as Ether and XRP, should be examined and possibly classified as securities.
SEC officials have filed fraud charges against a third “mastermind” in in Centra Tech's allegedly fraudulent initial coin offering. Read More »
Tezos cofounder Arthur Breitman is fined $20,000 by FINRA and is barred from broker-dealer interaction until 2020 due to a failure to disclose outside business activities. Read More »
The Ontario Securities Commission announces that platforms offering cryptocurrency trading must determine if they are a marketplace. The OSC went on to say that cryptocurrencies may qualify as securities. Read More »
Australia announces that Australian cryptocurrency exchanges are required to abide by anti-money laundering (AML) rules. Read More »
The Securities and Exchange Commission has charged two co-founders of Centra Tech Inc., a Miami startup, for orchestrating a fraudulent initial coin offering that raised more than $32 million from investors last year. Read More »
The SEC charges Michael Liberty, the founder of Mozido Inc., with defrauding investors of more than $48 million by tricking investors into investing in shell companies. Read More »
Russia’s Ministry of Telecom and Mass Communications announces new set of regulations for ICOs. The new regulations state that companies conducting ICOs are required to guarantee that tokens can be bought back at a nominal price. Read More »
Massachusetts regulator orders the halting of five ICOs due to being unregistered securities. Read More »
South Korea reverses view on cryptocurrencies and announces it is working on creating policy guidelines for ICOs. Read More »
Tennessee government proposes bills to ban retirement funds from investing in cryptocurrencies. The state’s government also proposed bills that would legalize the use of blockchain for electronic transactions. Read More »
South Carolina lawmakers have requested that Genesis Mining, a cryptocurrency cloud mining platform, leave the state “due to selling unlicensed securities.” Read More »
The Praetorian Group files with the US Securities and Exchange Commission to hold the “first ever SEC-registered ICO.” Read More »
Japan’s Financial Services Agency issues punishment notices and business improvement orders to 7 cryptocurrency exchanges due to a lack of required internal control systems related to anti-money laundering and counter terrorism financing. Read More »
The SEC publishes statement regarding cryptocurrency exchanges / online trading platforms that states that the mechanism for trading assets meets the definition of a security under federal securities laws. Read More »
The Financial Crimes Enforcement Network (FinCEN) published a letter Tuesday that indicates the U.S. agency will apply its regulations to those who conduct initial coin offerings (ICOs.
The Securities and Exchange Commission has issued dozens of subpoenas and information requests to technology companies and advisers involved in the red-hot market for cryptocurrencies, according to people familiar with the matter. Read More »
Malaysia announces that all cryptocurrency exchanges must verify identities of traders due to new AML legislation going into effect. Read More »
A cease-and-desist letter is issued by the Texas State Securities Board to Leadinvest.com due to accusations of fraudulently selling unlicensed securities. Read More »
The Israeli Supreme Court decides that banks must allow crypto trading and may not prohibit company accounts associated with the industry. Read More »
Israel announces it will tax cryptocurrencies as property. Individuals will not have to pay the value-added tax, however businesses will. Read More »
The Securities and Exchange Commission (SEC) suspends trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. Read More »
The U.S. Treasury releases letter stating that companies must report suspicious transactions to authorities in order to combat money laundering and financing of terrorism.
Thailand's central bank prohibits financial institutions from investing or trading cryptocurrency, offering cryptocurrency exchanges, and creating cryptocurrency based platforms. Banks are also banned from allowing credit card transactions to buy cryptocurrencies. Read More »
Russia's Ministry of Communications unveils new licensing rules for ICOs. New regulations include a required $1.7M nominal capital, specific licensed bank accounts, as well as a license for the development, production, and issuance of tokens. Read More »
European Supervisory Authority warns customers that virtual currencies (cryptocurrencies) are highly risky, not backed by tangible assets and unregulated under EU law. Read More »
China's National Internet Finance Association (NIFA) announces plans to increase oversight of ICOs and cryptocurrencies. Read More »
Gibraltar officials look to develop regulations and a framework for companies utilizing ICOs. Read More »
Hong Kong's Securities and Futures Commission alerts investors to the potential risks of dealing with cryptocurrency exchanges and investing in ICOs. Read More »
China announces plans to cut off internet access for citizens to sites which trade cryptocurrency and permit ICO investments. Read More »
The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) issues a warning regarding the risk of investing in ICOs, advising that legal protection is not available since the agency doesn't regulate ICOs. Read More »
The Philippines' Securities and Exchange Commission announced it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud. Read More »
Wyoming lawmakers propose bill that would exempt creators and sellers of utility tokens from securities regulations. Read More »
South Korea announces plans to create a task force to oversee local cryptocurrency exchanges and enforce compliance with regulations for cryptocurrency-based businesses. Read More »
India's top banks suspend and severely limit functions of Bitcoin exchange accounts. Read More »
The U.S. Commodity Futures Trading Commission (CFTC) targets two allegedly fraudulent cryptocurrency investment schemes with lawsuits. Read More »
Bermuda Monetary Authority issues statement regarding the risks of ICOs which warns investors about the lack of investor protections in the unregulated space. Read More »
Israel's Tax Authority publishes a draft circular addressing the possibility of taxing ICO profits. Read More »
China's National Internet Finance Association (NIFA), a self-regulatory organization in the field of Internet finance, issues a warning against risks from the so-called "initial miner offerings" (IMO). NIFA claimed in a statement that IMOs are disguised initial coin offerings (ICO), which are completely banned in the China. The warning is in compliance with the Notice on ICO issued by the Chinese government in September, 2017. Read More »
Bank Indonesia teams up with the National Police to enforce Indonesia's ban on cryptocurrencies. Police announce they will target Bali. Indonesia's ban on cryptocurrencies require that all transactions be made in Rupiah. Read More »
The Philippines' Securities and Exchange Commission warns investors to exercise caution when invited to participate in initial coin offerings (ICOs) involving cryptocurrencies. Read More »
The Swiss government announces support for Taskforce Blockchain, a new group which will review legal guidelines for blockchain companies. Read More »
The Swiss Crypto Valley Association unveils code of conduct for ICOs. Read More »
The SEC announces it will begin cracking down on suspicious cryptocurrencies. Read More »
The NASAA reminds investors to be cautious of cryptocurrency investments, while also having previously identified ICOs as emerging investor threats last month. Read More »
A new bill that would limit the raises of ICOs to a maximum of $17.3 million USD, as well as limit the individual investment amount per person to $864, has been proposed by the Russian Ministry of Finance. Read More »
The SEC announces it will begin cracking down on suspicious cryptocurrencies. Read More »
Russia announces plans to regulate cryptocurrencies by imposing limits on investment amounts in ICOs. Read More »
The Caribbean nation of Anguilla proposes the AUTO Act which would aim to register and monitor ICOs while at the same time avoid securities regulations. Read More »
UK watchdog Financial Conduct Authority announces it will take closer look at ICOs to determine if more regulations are needed to protect retail consumers. Read More »
Bitcoin futures begin trading on Chicago’s Cboe Global Market. Read More »
The SEC halts the Munchee ICO due to it being unregistered securities offering. Read More »
SEC issues statement regarding cryptocurrencies and ICOs addressing considerations main street investors and market professionals should review before investing. Read More »
The Financial Services of Korea bans bitcoin futures trading by securities firms.
The SEC filed the first-ever charges against an ICO. An emergency asset freeze was enacted against Canadian company PlexCorps. Read More »
The Royal Bank of Zimbabwe announces that Bitcoin is illegal and would not allow its use in Zimbabwe. Read More »
The Gibraltar Blockchain Exchange (GBX), announces plans launch the first ICO regulated ICO token exchange in January 2018 pending regulatory approval.
The government of Anguilla announced plans for cryptocurrency regulations regarding the registration of ICOs. The AUTO Act, or the Anguilla Utility Token Act, is the world’s first registration regulations for ICOs. Read More »
The Financial Conduct Authority, a British regulator, issued a warning stating that CFDs (cryptocurrency contracts for differences) are high-risk investments and warned investors against investing in them. Read More »
Singapore issued new guidelines on ICOs which outline securities laws and their relations to token sales. Read More »
India announces plans to develop regulations for Bitcoin and ICOs. Read More »
The European Securities Markets Authority (ESMA) issued a statement on ICOs. ESMA alerted ICO firms to meet relevant regulatory requirements, as well as to adhere to their obligations under EU regulation. ESMA also warned investors about the risks of investing in ICOs. Read More »
The Federal Financial Supervisory Authority of Germany, also known as BaFin, issued a warning to investors about the risk of investing in ICOs. Read More »
SEC Chairman Jay Clayton said so-called initial coin offerings in many cases looked like securities, raising the prospect the agency will take a more aggressive stance to this red-hot fundraising method.
The United States SEC issued a statement on potentially unlawful promotion of ICOs by celebrities. Read More »
New Zealand's FMA claimed that any digital currency or ICO-obtained token would be considered as a security. The finance regulator also explained the various means in which token sales will be covered under the country’s national law.
Lithuania's Central Bank publishes new ICO guidelines and states that financial institutions must distance themselves from ICOs and ICO activity. Read More »
Abu Dhabi global market sets out guidance on ICOs and virtual currencies. Read More »
Australia's ASIC announces its intent to assist businesses to understand their potential obligations under the Corporations Act by issuing guidance over ICOs. Read More »
South Korea bans raising money through ICOs and token sales. Read More »
Macau's top financial regulator orders all banks and payment services to not provide services for ICOs and cryptocurrencies. Read More »
Japan announces plans to introduce oversight on virtual currency exchanges. Read More »
In the UK, the FCA issues a stern warning over investing in ICOs. Read More »
Similar to the US, Hong Kong says that ICOs are subject to the securities laws per Hong Kong regulators.Read More »
China institutes ICO and token ban. Tokens sold as securities are subject to securities laws in China. Companies who have sold ICO tokens to Chinese investors are directed to refund that money. Read More »
South Korean regulators introduce new regulations on domestic trading of digital currencies. Read More »
Canadian regulators decide that many ICOs are considered securities under Canadian securities law. Read More »
The National Bank of Ukraine announces it cannot recognize cryptocurrency as currency and also warns about the risks of fraud in ICOs. Read More »
South Korean regulators give a break to fintech companies using Bitcoin for currency transfers. Read More »
In a similar statement to the US, Singapore announces that ICOs and token sales will be regulated by the MAS if the digital tokens are products that are regulated under the Securities and Futures Act. Read More »
Thailand announces that ICOs issuing tokens will fall under regulatory jurisdiction of SEC Thailand. Read More »
The Bank of Indonesia says ICOs will not be legally recognized in the country.
In the United States, the SEC rules some ICOs are indeed securities and must follow specific laws, and issues guidance for investors. Read More »
Gibraltar announces that ICOs are to come under regulatory oversight in January 2018. Read More »
Switzerland and the Swiss Financial Market Supervisory Authority informally voices support for blockchain developments and begins looking into ICOs. FINMA also closes down fake currencies. Read More »
Russia prepares to officially legalize ICOs. Read More »
CoinDesk reports that for the first time, blockchain enpreneurs raised more in ICOs ($327M) than through traditional venture capital funding ($295M) during a similar time period (Jan-June 2017).
The DAO code is exploited to steal $50M worth of ETH, causing the collapse of the DAO; however, the success of the DAO token crowdsale does not go unnoticed.
The Decentralized Autonomous Organization (DAO) is launched; approx. $150M in DAO tokens are sold in a 28-day crowdsale.
The Swiss financial market regulator (FINMA) announces guidance that is seen as an encouragement to innovate with cryptocurrency and blockchain technology.
Ethereum goes live; an earlier crowdsale in July-August 2014 sold 11.9 million coins, called Ether (ETH), to purchasers using bitcoin (BTC).
Isle of Man issues regulations for Bitcoin businesses.
Swiss law firm MME, together with Ethereum, blockchain startup Monetas, and the Zug Economic Development Office form a crypto-technology cluster in the Swiss Canton of Zug, calling the initiative Crypto Valley.
The first ICO is launched called Mastercoin.
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