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Crypto

This category contains 13 posts

Large manipulation fine in agricultural trading and more

The spate of anti abuse activity has continued since our last post (see here). The CFTC has settled with Lansing Trade Group LLC for $3.4 million, in a physical-financial manipulation case in agricultural trading. The CFTC press release can be found here and the order here.  This is another example of the use of physical … Continue reading

Blockchain and Crypto update: Reality begins to bite

There have been several developments in the Blockchain and crypto currency world since our last update (see here). This article by DLA Piper on the Lexology web site reports that the FCA is soon likely to begin enforcements against companies that are carrying out activity in either crypto currencies or ICOs that should be regulated. … Continue reading

Crypto spoofing and other anti abuse news

The fight against market abuse continues with reports that the CFTC and US Justice Department is investigating alleged market manipulation in crypto currencies. The case is reported here on Bloomberg amongst other places. A suit by a group of investors seeking damages from Total Gas & Power North America, Inc., Total S.A., and Total Gas … Continue reading

Crypto and blockchain update – regulatory developments and many blockchain initiatives

There have been many developments in the crypto currency and blockchain world since our last post on the topic (see here). Crypto currency developments The European Central Bank (ECB) has stated that banks engaging in crypto activity should segregate it from other parts of the bank, according to this article on the Reuters web site.  … Continue reading

Crypto and blockchain update – FCA issues guidance

There have been quite a few updates regarding the regulation of crypto currencies since our last post (see here), as well as in the blockchain world in general. Crypto currency regulation The FCA last week issued this statement on crypto currencies. It states that while the FCA do not consider cryptos themselves to be currencies … Continue reading

Blockchain and crypto update – initiatives progress but some stall

There have been quite a few developments in the blockchain and crypto currency world since our last post on the topic (see here). Blockchain initiatives BTL has announced here that their “Interbit” chain joining platform will be test launched on 23rd April. This article on the Platts web site discusses its application in energy trading, … Continue reading

Blockchain developments – initiatives, legal applicability and rules

The world of blockchain use and crypto currency regulatory developments continues at a fast pace, in the energy and financial worlds, with many developments since our last post (see here). Energy initiatives On the energy side of things, Endessa and Gas Natural Fenosa announced here that they have completed an energy trade on EnerChain. This will … Continue reading

Blockchain and Crypto regulatory update: ICOs, political comments and more

There have been many announcements and stories around the regulatory side of blockchain use since our last post (see here): ICOs Finma, the financial regulator of Switzerland has issued these guidelines on the regulatory framework around Initial Coin Offerings(ICO). The guidelines categorise the tokens arising from ICOs into “Payment”, “Utility” and “Asset” tokens. In general … Continue reading

Blockchain and crypto update: Schemes and rules

News on crypto currencies, and other applications of distributed ledger technology, continues to arrive, following our last post here: On the crypto currency side of things, Nasdaq is now considering issuing bitcoin futures, according to remarks by CEO Adena Friedman reported here on Fox Business. However, more potential is seen is other uses of blockchain … Continue reading

Blockchain updates: Initiatives and warnings

With new blockchain initiatives being frequently announced, for example this one reported on FT.com in agricultural commodities, or even this UN backed initiative to “help fight climate change” reported here on Coindesk, there is much to discuss since last week’s post here. This article on Forbes looks at the extension of the BTL initiative from … Continue reading