In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto Rules, Tokens Money in Russia
SEC’s 3 Cases, NY Regulator Hiring
The U.S. Securities and Exchange Commission (SEC) has been active this past week. On Jan. 3, the SEC announced that it had settled fraud action with Longfin CEO Venkata S. Meenavalli, who agreed to pay $400,000. Longfin and Meenavalli allegedly misrepresented the company in public filings to qualify for a Regulation A+ offering. They also misrepresented the offering to Nasdaq to meet its listing requirements. The Commission says more than 90% of Longfin’s reported revenue for 2017 was fictitiously derived from sham commodities…