Everything you need to know from the past few weeks: Globally, governments tighten definitions of digital assets to prevent legal confusion; SEC enforcement action leads to $2.7 million fine; Crypto users doubled in 2018; Trump’s new Chief of Staff is pro-crypto
Before diving into developments from the digital asset space, check out Solidus CEO Asaf Meir’s op-ed in Finance Magnates: The Bitcoin ETF Saga: Rethinking Trade Surveillance
Our take: Governmental efforts to better define digital asset regulation are intensifying worldwide. Wherever you look, regulation is coming, in the form of new crypto-specific law, or based on existing finance rules.
CoinAlpha’s cease and desist. More examples for enforcement that’s harsh, but still relatively forgiving
Our take: With enhanced regulation comes enforcement that’s harsh but still relatively forgiving. Regulators are signaling to the market that actors that don’t work towards self-regulation and compliance, will pay a heavy price.
Our take: As the cryptocurrency pricing and trading volumes continue to fluctuate, we continue to look at undercurrents indicating the ecosystem is growing.
Our take: The sheer size of manipulation in blockchain-based exchanges continues to be revealed as new studies shed light on the challenge.
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Solidus Labs uses 20 years of Wall Street FinTech experience to provide machine learning-powered trade surveillance tailored for cryptoassets. Our products help exchanges, broker dealers, market makers and other financial service providers detect and combat manipulation in digital asset trading, and streamline reg-reporting.
To learn more about our product schedule a demo, visit www.soliduslabs.comor contact us at hello@soliduslabs.com. We’re always happy to start a conversation.
#Blockchainbeyondthebuzz
All the crypto news compliance professionals need to know. This month's highlights: SEC Chairman Jay Clayton again calls for better market surveillance and reduced manipulation before the agency can approve a crypto-ETF; A study by The Block raises concerns that 86% of volume in 48 exchanges is potentially wash trading; 94% of surveyed US, UK and Canadian endowment funds are actively engaged with crypto investments
Keynoted by SEC Commissioner Hester M. Peirce and featuring speakers from Coinbase, Gemini, Circle, GDF, Tagomi, ErisX and the Chamber of Digital Commerce among others.
Coindesk‘s Institutional Crypto expert Noelle Acheson hosted Solidus Founder & CEO Asaf Meir for an hour-long discussion of the unique compliance and market manipulation challenges.