Iran welcomes bitcoin

Iran High Council of Cyberspace has approved bitcoin and other cryptocurrencies
27 November 2017   208

HCC is the main instance to decide the fate of cryptocurrencies in Iran. And it has declared that the bitcoin and others cryptocurrencies are welcome in Iran if they are subject to certain rules. The Iran Central Bank are studying virtual currencies, because they have captured the attention of the world.

Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side.

Nasser Hakimi

the head of CBI’s Innovative Technologies Department

CBI has not developed some definitive regulations for currencies. But a lot of Iran people are using Bitcoin, be it purchasing, selling or mining it, and dealing with it in exchange shops, creating content and establishing startups. In total, CBI will develop 6 documents to regulate fintechs and cryptocurrencies. Some of them will be published in March 2019, two have already been published, a third will appear in December, and the fifth one about cryptoconcession - in September 2018. Also HCC will continue to study and evaluate pros and cons of virtual currencies.


SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   126

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission