#isitc

[superscratchkat]

shadow/maria and a scene redraw from It Started In The Cafeteria by genericprofilename (highly highly recommend)

[traders-studio]

Asociación Internacional de Comunicaciones Comerciales Institucionales de Valores

Asociación Internacional de Comunicaciones Comerciales Institucionales de Valores

¿Qué es la Asociación Internacional de Valores para las Comunicaciones Comerciales Institucionales (ISITC)? La Asociación Internacional de Valores de Comunicaciones Comerciales Institucionales (ISITC) es una organización industrial de instituciones financieras y proveedores de tecnología que trabaja para mejorar la eficiencia operativa de la industria financiera. ISITC opera mediante la…

[jacobhinkley]

Ex-CFTC Chairman Gary Gensler speaks up about Ethereum [ETH] and Ripple [XRP]

Gary Gensler, ex-CTFC chairman and one of the top financial regulators in the Obama administration, spoke about the viability of regulation of top cryptocurrencies such as Ether and Ripple. In an interview with New York Times, Gensler stated that cryptocurrencies such as Ethereum and Ripple have likely been issued in violation of American securities regulations. These currencies are currently the top 2nd and 3rd most traded currencies on the market.

A security is an interchangeable negotiable financial instrument that holds some sort of financial value. The recent fire on cryptocurrencies as securities emerged when the Securities and Exchanges Commision subpoenaed over 80 companies for information about ICOs, as an effort to regulate them.

Gensler believes that Ether and Ripple must also be included in the discussion on regulation of cryptos. He is considered a significant voice on the regulation of these currencies in the United States.

In a speech at ISITC’s Annual Securities Operations Summit, Gensler spoke on cryptocurrency exchanges saying:

 “They’re a bit of a mess. They’re more than a bit of a mess. They’re really a mess. They’re not under any sort of norms of behavior. So there’s a bunch of front running, a bunch of manipulation.”

He then went on to talk about the Tokyo’s Coincheck incident, where a hack of a cryptocurrency exchange led to losses to the tune of 58 billion Yen, or $533 million.

Although Mr. Gensler believes that cryptocurrencies have a long path of regulation to become viable, he is an advocate of blockchain technology. He holds the belief that blockchain technology is viable in financial sectors, and that it can replace middlemen. He is currently employed at the Massachusetts Institute of Technology, where he is set to teach a class on blockchain technology.

On Ether and Ripple, he has stated that they are “non-compliant securities”. Even though he believes that Ether has progressed towards avoidance of being labeled as a security due to its decentralization, he believes that Ripple is at a great risk of being a security. His arguments are that Ripple owns most of the XRP and does more to make the token valid as a currency.

As with most experts, Gensler assumes that Bitcoin is safe as it was not issued through an ICO or a central organization, and is instead maintained by a decentralized group of developers.

Gensler has stated that cryptocurrencies must be regulated through clarity on custodial duties, know your customer concerns, anti-money laundering protection, and counter-terrorism finance prevention.

The post Ex-CFTC Chairman Gary Gensler speaks up about Ethereum [ETH] and Ripple [XRP] appeared first on AMBCrypto.

Ex-CFTC Chairman Gary Gensler speaks up about Ethereum [ETH] and Ripple [XRP] published first on https://medium.com/@smartoptions

[moneyca1]

http://ift.tt/2AGnaSy  from BBH and Northern Trust Announced for ISITC’s Securities Operations Summitpic.twitter.com/fIRmRQy6nX

http://ift.tt/2AGnaSy  from BBH and Northern Trust Announced for ISITC’s Securities Operations Summit pic.twitter.com/fIRmRQy6nX

from Twitter Search / Canadian_Money https://twitter.com/Canadian_Money/status/950653936641478656

[megasoft012]

ISITC and SIFMA AMG Collaborate on Market Practice for Margin Call Process

ISITC and SIFMA AMG Collaborate on Market Practice for Margin Call Process

    HILLSBOROUGH, NJ, October 30, 2018 /24-7PressRelease/— ISITC today announced the launch of its new best practice document, “ETD and Cleared OTC Margin Call and Communication Standards and Settlement Processing,” in response to increased margin calls, across all collateralized products – a direct result of global regulation. ISITC’s Margin and Collateral Working Group and the Securities…

[linabrigette]

Ex-CFTC Chairman Gary Gensler speaks up about Ethereum [ETH] and Ripple [XRP]

Gary Gensler, ex-CTFC chairman and one of the top financial regulators in the Obama administration, spoke about the viability of regulation of top cryptocurrencies such as Ether and Ripple. In an interview with New York Times, Gensler stated that cryptocurrencies such as Ethereum and Ripple have likely been issued in violation of American securities regulations. These currencies are currently the top 2nd and 3rd most traded currencies on the market.

A security is an interchangeable negotiable financial instrument that holds some sort of financial value. The recent fire on cryptocurrencies as securities emerged when the Securities and Exchanges Commision subpoenaed over 80 companies for information about ICOs, as an effort to regulate them.

Gensler believes that Ether and Ripple must also be included in the discussion on regulation of cryptos. He is considered a significant voice on the regulation of these currencies in the United States.

In a speech at ISITC’s Annual Securities Operations Summit, Gensler spoke on cryptocurrency exchanges saying:

 “They’re a bit of a mess. They’re more than a bit of a mess. They’re really a mess. They’re not under any sort of norms of behavior. So there’s a bunch of front running, a bunch of manipulation.”

He then went on to talk about the Tokyo’s Coincheck incident, where a hack of a cryptocurrency exchange led to losses to the tune of 58 billion Yen, or $533 million.

Although Mr. Gensler believes that cryptocurrencies have a long path of regulation to become viable, he is an advocate of blockchain technology. He holds the belief that blockchain technology is viable in financial sectors, and that it can replace middlemen. He is currently employed at the Massachusetts Institute of Technology, where he is set to teach a class on blockchain technology.

On Ether and Ripple, he has stated that they are “non-compliant securities”. Even though he believes that Ether has progressed towards avoidance of being labeled as a security due to its decentralization, he believes that Ripple is at a great risk of being a security. His arguments are that Ripple owns most of the XRP and does more to make the token valid as a currency.

As with most experts, Gensler assumes that Bitcoin is safe as it was not issued through an ICO or a central organization, and is instead maintained by a decentralized group of developers.

Gensler has stated that cryptocurrencies must be regulated through clarity on custodial duties, know your customer concerns, anti-money laundering protection, and counter-terrorism finance prevention.

from WordPress https://ift.tt/2r2LcVR via IFTTT

[billionparty-blog]

New Post has been published on Billion Party

New Post has been published on http://billion-party.com/archives/17027

Worldwide Securities Affiliation for Institutional Commerce Communication (ISITC)

The worldwide group for monetary specialists and suppliers of expertise that works towards enhancing the effectivity of the monetary business by establishing market requirements and practices. For instance, the ISITC helps straight by means of processing (STP) to hurry up monetary transactions.

[moneyca1]

ISITC Announces Cheryl Nash of Fiserv as Keynote Speaker for 24th Annual Securities Operations Summit http://ift.tt/2BVi3yi 

ISITC Announces Cheryl Nash of Fiserv as Keynote Speaker for 24th Annual Securities Operations Summit http://ift.tt/2BVi3yi 

from Twitter Search / Canadian_Money https://twitter.com/Canadian_Money/status/960435390023860224

[moneyca1]

Keynotes from BBH and Northern Trust Announced for ISITC’s Securities Operations Summit http://ift.tt/2CW9jxq 

Keynotes from BBH and Northern Trust Announced for ISITC’s Securities Operations Summit http://ift.tt/2CW9jxq 

from Twitter Search / Canadian_Money https://twitter.com/Canadian_Money/status/950653696584626179