A month in review - June 2020
Max Crowdfund
Market
3 years ago
1 QCP
June provided us with a steady stream of developments, surrounding the digital securities sector. We saw new regulations, new platforms and services, and the demise of various others.
Regulatory Advances and Findings
Multiple regulatory bodies made news in June. This was first evident with the anticipated release of findings by the OSC, pertaining to the QuadrigaCX fiasco. South of the border, the SEC was no stranger to making waves. Not only did the Supreme Court weigh in on SEC capabilities, but news broke of the possible exodus of Chairman, Jay Clayton.
OSC Finds Extensive Evidence of Fraud/Theft by Gerald Cotten and QuadrigaCX
Supreme Court Reins in SEC on Disgorgement
SEC Chairman, Jay Clayton, Moving On?
Pivots and Bankruptcies
Blockchain and digital securities are both in their infancy. As such, companies developing services around each are still finding their footing. This was on full display throughout June, as multiple companies announced either their imminent closure, or a pivoting focus.
Neufund Freezes Operations of Issuance Platform
SeedCX Refocuses Efforts on Settlement Service ‘Zero Hash’
Factom Inc. Files for Chapter 11 Bankruptcy in Bid to Survive
Real Estate
DeFi continues to convince many that it is the first ‘killer app’ surrounding cryptocurrencies. Various companies involved with digital securities are trying to emulate this success, and find the perfect implementation for the technology. A few of these companies are banking on real estate being the perfect avenue for achieving this.
For examples of this, look no further than the recent actions of companies like Vertalo, Tokensoft, and Tokai Tokyo.
More: https://www.securities.io/a-month-in-review-june-2020/
Regulatory Advances and Findings
Multiple regulatory bodies made news in June. This was first evident with the anticipated release of findings by the OSC, pertaining to the QuadrigaCX fiasco. South of the border, the SEC was no stranger to making waves. Not only did the Supreme Court weigh in on SEC capabilities, but news broke of the possible exodus of Chairman, Jay Clayton.
OSC Finds Extensive Evidence of Fraud/Theft by Gerald Cotten and QuadrigaCX
Supreme Court Reins in SEC on Disgorgement
SEC Chairman, Jay Clayton, Moving On?
Pivots and Bankruptcies
Blockchain and digital securities are both in their infancy. As such, companies developing services around each are still finding their footing. This was on full display throughout June, as multiple companies announced either their imminent closure, or a pivoting focus.
Neufund Freezes Operations of Issuance Platform
SeedCX Refocuses Efforts on Settlement Service ‘Zero Hash’
Factom Inc. Files for Chapter 11 Bankruptcy in Bid to Survive
Real Estate
DeFi continues to convince many that it is the first ‘killer app’ surrounding cryptocurrencies. Various companies involved with digital securities are trying to emulate this success, and find the perfect implementation for the technology. A few of these companies are banking on real estate being the perfect avenue for achieving this.
For examples of this, look no further than the recent actions of companies like Vertalo, Tokensoft, and Tokai Tokyo.
More: https://www.securities.io/a-month-in-review-june-2020/
- Real estate
- DeFi
- Annual financial report
- Blockchain adoption
- Crypto adoption
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