The SEC testimony before the US Senate released

The SEC and CFTC aim to increase clarity and fairness in the cryptospace with their testimony for today's hearing
06 February 2018   841

Today is a big day for crypto in the US, because SEC will present its testimony about cryptocurrencies and their regulations before the US Senate. And the testimony was released on the Senate's website, which allows us to review the document and draw our own conclusions.

Of course, everything comes down to regulations and their scope. US Commodity Futures Trading Commission (CFTC) opts for changing current state of affairs with state-by-state licensing of crypto exchanges as money-transmission services. While the Commission doesn't have any regulatory powers, their stake is mainly in investigatory powers, to allow for SEC and CFTC lawfully extend their reach to exchanges for proper inspection, because as of now the exchanges' status as money-transmission service providers doesn't allow that.

The CFTC chairman also pointed out that they are open for discussions with the Congress whether further federal regulations are appropriate or necessary. Chairman J. Christopher Giancarlo expresses his opinion that he may be in favor of such regulatory and policy efforts to bring clarity and fairness to cryptocurrency space.

We'll have to wait and see, what decision Senate will come to.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   44

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.