The U.S. Securities and Exchange Commission (SEC) has confirmed that blockchain tokens are not exempt from securities laws, ruling that tokens issued last year by The DAO (a decentralized autonomous organization that utilized the Ethereum blockchain and was subsequently hacked) constituted “securities”. The SEC chose not to take legal action in that case, indicating that it will investigate similar initial coin offerings (ICOs) on a case-by-case basis.
Up Next in Blockchain
Financial data firm Bloomberg has added three more cryptocurrencies to its Terminal service, alongside bitcoin: ether (Ethereum), XRP (Ripple) and Litecoin. Sources say the addition is aimed at forex traders seeking to explore the new instruments.
Bloomberg Terminal adds Ether, XRP and Litecoin Cryptocurrencies
The Australian Securities Exchange (ASX) has announced that it will replace its post-trade settlement system with blockchain technology developed by startup Digital Asset. The decision represents a key milestone as ASX becomes the first mainstream exchange in the world to migrate its core services to a blockchain-based system.
ASX To Become World’s First Blockchain-Based Stock Exchange
Quartz - Zheping Huang