Coin Center Releases Bitcoin Report for Securities Regulators
Coin Center, a US-based non-profit research and advocacy centre for cryptocurrencies, released a paper today offering a guide framework for the regulation of cryptocurrencies as securities. Authored by Peter Van Valkenburgh, Coin Center's director of research, the paper presents a framework based on the Howey test for an investment contract, as well as the underlying policy goals of securities regulation. Coin Center's work, says Van Valkenburgh, found that several "key variables" within the software underlying a cryptocurrency, and in the community that runs and maintains that....
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Coin Center Director of Research Peter Van Valkenburgh has prepared a report regarding the regulation of various cryptocurrencies within a traditional securities framework. Although the report found cryptocurrencies attached to public blockchains, such as bitcoin and ether, should not be regulated as securities, the team behind the document did find that the definition of a security may apply to some of the more centralized crypto-assets currently on the market. Most of Coin Center’s report provided a general overview of Bitcoin and related technologies for regulators, but the end of the....
Blockchain technology has expanded rapidly in financial markets in the last year, drawing concern among financial regulators. The European Securities and Markets Authority (ESMA), an independent European Union authority, has released a paper on distributed ledger technology (DLT) as it applies to securities markets, including the possible benefits and challenges. ESMA believes DLT is expanding in the securities market, posing new opportunities and risks. In response, the Coin Center, a non-profit research and advocacy organization that monitors public policy issues facing decentralized....
A new report from Coin Center examines the “blockchain” buzzword to help regulators avoid all the noise and get down to the implications of the various financial technologies that have been inspired by Bitcoin. In the report, which was authored by Coin Center’s Peter Van Valkenburgh, permissionless blockchains are described as essential to the future of the internet. The report points out that the most useful aspects of Bitcoin’s blockchain technology are not found in consortium-based solutions — at least when targeting specific applications, such as electronic cash. According to the....
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions. After the U.S. Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators.Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the U.S. to verify the identity of people using "an....
The D.C.-based think tank doesn’t view XRP in the same light as Bitcoin or Ethereum. In its coming fight against the Securities and Exchange Commission, Ripple won't see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his organization won’t put up any resistance to the notion that XRP is a security. In response to a question about Coin Center's work to keep XRP from the SEC's purview, Brito posted two articles where Coin Center argues why Bitcoin and Ethereum aren’t securities before pointing to the....