BTC-e relaunched

Well-known cryptocurrency exchange is finally launched at wex .nz
16 September 2017   2428

The BTC-e exchange, which was closed in July, restarted on the WEX.nz domain and is already trading.

Design hadn't changed, only new logo appeared.

Wex.nz interface
Wex.nz interface

We are grateful to the ex-users of BTC-E for their patience. We, for our part, spent a lot of energy and energy to create a new trading platform in the shortest possible time. Our platform will operate in accordance with AML / KYC laws and international practices in this field.
 

wex.nz team

The administration of the exchange notes that they have no relation to funds of BTC-E Always Efficient LLP.

In addition to transferred balances, bonus crypto-tokens are calculated for each user in the calculation of 61.79 / 38.21 (%). These tokens will be available for bidding and for use by means of wex-code.

It is also noted that for general security in the first 3-7 working days the site will work in a test mode to check the operation of all the units. The withdrawal of funds will set daily limits (information about them is available in the account profile), in the future they will be increased. After the test period, the site will operate without restrictions.

According to WEX, the exchange signed a cooperation agreement with a network of verified exchange services (agents), which will allow USD / EUR / RUR to enter and withdraw with minimal commissions in a convenient way in different parts of the world.

In addition, WEX is activelly developing areas as investment, trading, arbitration, consulting, mining, ICO, exposing the pyramids.

 

SEC May Signal Some Flexibility on ICOs

Looks like senior advisor for digital assets and innovation at SEC is not 100% against ICOs
14 December 2018   41

Some blockchain projects may be able to circumvent the requirements of US securities laws by contacting the Securities and Exchange Commission (SEC) for a so-called non-action letter. As SEC consultant on digital assets and innovations Valerie A. Szczepanik explained, such letters will not be issued often, but this does not mean that they cannot be received at all.

I think that’s a way forward for a lot of people who want to implement some of these things that may not exactly fit in the format of the rules that we want. 
 

Valerie A. Szczepanik

Senior advisor for digital assets and innovation, SEC

According to advisor, issuers of tokens have three ways to comply with the requirements of the laws: register an offer of securities, declare an exceptional case, or "make sure they're not a security."

In certain cases, the SEC may decide that “maybe this doesn’t fit the letter of our law or regulation but it fits the spirit and we can accomplish all the goals of investor protection”. In this scenario, the SEC may indeed issue such a letter, which will indicate that its employees do not recommend taking legal measures against a particular issuer.

The letters set forth exactly what the person plans to do or the entity plans to do and if it’s something that the SEC feels comfortable with we can release a no-action letter for exemptive relief saying ‘we can recommend no enforcement action.
 

Valerie A. Szczepanik

Senior advisor for digital assets and innovation, SEC

As reported, her remarks signaling a modicum of flexibility are notable in light of SEC Chairman Jay Clayton’s advice last month to anyone raising money by selling a token that they should “start with the assumption that it is a security.”

Speaking about the principles of recognition of tokens as securities, Valerie recommended to take into account the structure of sales. According to her, only in rare cases the token will not be recognized as a security. Most often, investors expect to profit from investments in such proposals, which is enough to recognize them as the spread of securities.