THELOGICALINDIAN - In contempo authoritative account Brett Redfearn the administrator of the United States Securities and Exchange Commission SECs Division of Trading and Markets has declared the selfreporting efforts of cryptocurrency exchanges as underwhelming HydroQuebec has afresh abeyant new applications from mining companies gluttonous to accomplish in the arena and the SEC has appear a new folio on its website auspicious consumers to Get hip to the three Rs of ICOs Risks Rewards and Responsibilities
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SEC Director “Underwhelmed” by Self-Reporting Among Crypto Exchanges
Brett Redfearn, the administrator of the SEC’s analysis of trading and markets, declared that the regulator is “underwhelmed” by the efforts fabricated by cryptocurrency exchanges to accommodate to the agency’s allotment and self-reporting requirements during an account with CNBC at the Global Exchange and Brokerage Conference aftermost week.
“We’re underwhelmed by the activity for advancing aural the authoritative anatomy appropriate now,” Mr. Redfearn stated. “There are [so many] exchanges that are trading ICOs that I would anticipate that we would see added registrations.”
Mr. Redfearn additionally beneath to animadversion on whether ETH or XRP comprise securities, however, declared that the SEC will affair statements apropos “at atomic one of those articles accessible in the future.”
Hydro-Quebec Again Suspends Applications for Mining Projects
Canadian state-owned account provider and the fourth better hydropower ambassador in the world, Hydro-Quebec, has afresh apoplectic new applications from -to-be cryptocurrency mining operations.
The awkward of new applications was spurred by a appeal from the bigoted government that Hydro-Quebec bind the absolute ability allotted to cryptocurrency miners to no added than 500 megawatts – a baby atom of the 17,000 megawatts appropriately far requested by mining companies gluttonous to accomplish in Quebec.
Pierre Moreau, Quebec’s Minister of Energy and Natural Resources, reportedly declared that he asked Hydro-Quebec to append the approval of new basic bill mining operations until regulators actuate adapted guidelines for the province’s mining industry. Mr. Moreau added that the arena will seek to advance guidelines enabling it to baddest “the best amid the companies” gluttonous to authorize mining operations in Quebec. Eric Filion, Hydro-Quebec’s Distribution President, adumbrated that the new authoritative accoutrement will seek to bolster Quebec’s abridgement whilst ensuring bargain ability is accessible to residents.
“Get Hip to the Three ‘Rs’ of ICOs: Risks, Rewards, and Responsibilities”
The SEC has appear a page on its website which, according to its meta-description, seeks to advice investors and bazaar “Get hip to the three ‘Rs’ of ICOs.”
The folio emphasized that ICOs may comprise “securities offerings,” that ICOs “may charge to be registered”, and emphasizes that whilst tokens “can be alleged a array of names, […] alone calling a badge a ‘utility’ badge or alignment it to accommodate some account does not anticipate the badge from actuality a security.”
The folio additionally implores -to-be investors to conduct absolute analysis and due diligence, and warns the advance of unregistered balance may aftereffect in acknowledged consequences.
What are your thoughts on the accepted authoritative altitude surrounding cryptocurrencies? Share your thoughts in the comments area below!
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