LGO Markets Regulatory Update — Week of November 19, 2018

In this update, we talk about the SEC’s Paragon and Airfox ICO enforcements, the Ripple class action lawsuit, and the U.S. midterm elections, discussing the use of digital assets in campaign financing.SEC Settles Charges in First Non-Fraud ICO Action After Munchee, Provides “Model” for Retroactive ComplianceThe SEC…

LGO Markets Regulatory Update — Week of November 12, 2018

In this update, we talk about the EtherDelta settlement, the SEC’s promise to deliver ‘Plain English’ ICO guidelines, and ISDA’s latest whitepaper on smart derivatives contracts.SEC Targets Decentralized Exchange EtherDelta in Latest Enforcement ActionIn the first enforcement action of its kind, the SEC announced chargesThursday against EtherDelta…

What Digital Asset Markets Can Learn From The Traditional Financial Infrastructure

Current cryptocurrency systems have not reached the level of trust associated with traditional trading standards. We’ve found out what cryptocurrency markets can learn from traditional finance.Takeaway #1: Cryptocurrency exchanges have to adapt a more traditional market structureMarket Structure — Cryptocurrency marketMost cryptocurrency exchanges have adopted business models where their…

LGO’s insights on NYAG “Virtual Markets Integrity initiative” Report.

This past April, the New York State Attorney General’s office (“NYAG”) contacted several virtual currency platforms requesting information on a number of their practices. In September, the NYAG issued a public report based on the results of these findings.Here at LGO, we have had the opportunity to review…

Why Institutions will not use Centralized Cryptocurrency Exchanges

In the cryptocurrency industry, everyday words take on a whole new meaning.A cryptocurrency is not really a currency as the word is usually defined, it’s more of an asset. The term ”cryptocurrency custody” refers to safekeeping, bookkeeping, holding funds, or any combination of the three. Furthermore, “cryptocurrency exchanges”…