US SEC Takes Action On Abra For Unregistered Crypto Offers
The US SEC has initiated legal proceedings against Abra, accusing the crypto firm of providing unregistered digital asset services that contravene securities laws. In the most recent crackdown, the US SEC has charged Abra, a cryptocurrency firm, with providing unregistered digital asset services to its clients. In a recent press release, the US Securities and […]
Law Commission Suggests New Property Category for Crypto Assets
In its final report on digital assets, the Law Commission of England and Wales encouraged the government to classify all crypto assets as a new form of personal property. The Law Commission is an independent entity predominantly responsible for reviewing and recommending law reforms in England and Wales. It issued a supplemental report on July […]
CSA Proposes Amendments to Crypto Assets Investment Fund
The Canadian Securities Administrators (CSA) unveiled proposed amendments to regulations governing the treatment of crypto assets by public investment funds on January 18. In addition to establishing standards for custodianship, the proposed amendments currently under contemplation would restrict the crypto-related activities of public investment funds. The amendments would restrict crypto assets’ direct purchase, sale, and […]
Maine State Treasurer to Handle Abandoned, Recovered Crypto Assets
The Maine State Treasurer’s Office published a report that emphasized the interest of the State in formally overseeing abandoned and recovered cryptocurrency assets. The program evaluation report of Maine revealed a need for more in the state’s readiness to manage cryptocurrencies. It stated: “Our office does not currently handle cryptocurrency, but programs like Unclaimed Property […]
Addressing the Most Common Vulnerabilities in Crypto Security
Cryptocurrency has taken the world by storm, promising financial freedom and innovation. However, as adoption surges, so do the threats to the security of crypto assets. What are the most common vulnerabilities in Crypto Security? This article will address the most common vulnerabilities in crypto security and how to address them. What is Crypto Security? […]