So after allowing many individual crypto funds and ETF’s, including by 's biggest mutual fund manager, our Ontario provincial regulator (de facto the national regulator) noticed there might be a problem. Not with crypto per se (I suppose the money laundering and drug profits are just a feature) but with some of the exchanges. With the horse long dead from starvation and the remains of the barn just a few burned beams on soot-stained snow, a new regulation is in place threatening to slam the barn door after 30 days if there is non-compliance.
With barely two months passed between an initial notice and the new requirements coming into force, it’s almost lightning speed for a regulator. That, says OSC CEO Grant Vingoe, is because there’s an emergency in the crypto market.
“It was somewhat of an emergency,” said Vingoe “after we’d seen substantial failures leading to FTX.”
These days, the arrow against reactionary conservatism would be arrayed in part against Libertarians attempting to re-create the gold standard with these pyramid schemes.
To the Moon? Emojis can be financial advice, says judge
A New York federal judge has ruled that emojis used in certain situations can only “objectively mean one thing” – financial advice indicating a return on investment.
Southern District of New York judge Victor Marrero was talking about the use of rocket ships, positive stock charts and money bag emojis by people promoting NFT projects like Dapper Labs and the NBA’s Top Shots Moments. The organizations are being sued in a class action case alleging they violated US securities laws.
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With a federal court having issued a decision that NFTs are classifiable as securities, expect more legal pushes from the government to take action on the crypto world, of which it has been veryinterestedin of late.
Take those figures with a large grain of salt. There was rampant cheating, because of course there was when Web3 bros code a game with a possibility of cashing out.
's biggest mutual fund manager, our Ontario provincial regulator (de facto the national regulator) noticed there might be a problem. Not with crypto per se (I suppose the money laundering and drug profits are just a feature) but with some of the exchanges. With the horse long dead from starvation and the remains of the barn just a few burned beams on soot-stained snow, a new regulation is in place threatening to slam the barn door after 30 days if there is non-compliance.
