Securities

Japan’s top securities regulator says XRP is not a security

Japan’s top securities regulator says XRP is not a security

Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission’s allegation that by selling XRP the firm engaged in sales of unregistered securities — …

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Crypto exchange INX applies to list its digital security ‘INX Token’ on the Canadian Securities Exchange

Crypto exchange INX applies to list its digital security ‘INX Token’ on the Canadian Securities Exchange

The as-yet-unlaunched crypto exchange INX has applied to list its digital security on the Canadian Securities Exchange (CSE). Announcing the news on Friday, INX said the listing application is subject to the CSE’s approval. Once green-lighted, the INX token would get listed on the traditional stock exchange. INX is currently amid an initial public offering …

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SEC issues no-action letter in response to digital asset securities questions

SEC issues no-action letter in response to digital asset securities questions

A September 25 letter from the Securities and Exchange Commission (SEC) has cleared the way for additional means of using alternative trading systems to facilitate the trade of digital asset securities. The no-action letter, drafted by the SEC’s Division of Markets and Trading and addressed to FINRA vice president of risk oversight and operational regulation …

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GSX Group's New Digital Securities Venue Tokenizes First Client Shares

GSX Group’s New Digital Securities Venue Tokenizes First Client Shares

Gibraltar Stock Exchange (GSX) Group’s digital securities platform has tokenized the shares of a client for the first time. The recently launched blockchain-based venue, GRID, allows for the tokenization of securities using GSX Group’s native STACS network. In this inaugural issuance, shares for adtech firm tribeOS were created and distributed digitally. STACS is a scalable …

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