LINK Drops 4% as Chainlink ETF News Fails to Push Break of Technical Resistance

NH NongHyup Bank, one of South Korea’s five largest banks, has initiated a proof-of-concept (PoC) to modernize VAT refunds for inbound tourists. The project seeks to test a stablecoin-based settlement model that could allow foreign shoppers to reclaim taxes more efficiently. The PoC brings together several partners, including Avalanche, Fireblocks, Mastercard, and Worldpay. It leverages […]

The post SEC chair Paul Atkins outlines crypto token classification appeared on BitcoinEthereumNews.com. U.S. Securities and Exchange Commission chair Paul Atkins says the regulator is considering a new framework for classifying digital assets. Summary  Paul Atkins says the regulator is considering a new framework for digital asset classification. The SEC chair says a token taxonomy “anchored in the longstanding Howey investment contract” securities analysis is key. Digital commodities or network tokens, digital collectibles, and digital tools are not securities, but tokenized securities are. While speaking at the Federal Reserve Bank of Philadelphia, Atkins recalled “Project Crypto,” an initiative the agency rolled out earlier in the year as part of the new regulatory shift under President Donald Trump. According to Atkins, the goal is to differentiate between the types of cryptocurrencies, outlining which fall under securities law and which don’t. The SEC is looking to take this approach amid broader support for legislative efforts underway in Congress. “In the coming months, I anticipate that the Commission will consider establishing a token taxonomy that is anchored in the longstanding Howey investment contract securities analysis, recognizing that there are limiting principles to our laws and regulations,” the SEC chair said. While the agency continues to ensure market participants adhere to investor protection principles and laws, Atkins says most cryptocurrencies do not, in themselves, qualify as securities. So, what does Atkins think? The SEC chair outlined four categories: digital commodities or network tokens, digital collectibles, digital tools and tokenized securities. It is the classification that Atkins says will help form a “coherent token taxonomy.” “This framework follows months of roundtables, more than a hundred meetings with market participants, and hundreds of written submissions from the public,” Atkins said. According to this classification, digital commodities, or network tokens, are not securities. The same applies to digital collectibles and digital tools, as buyers of these assets do not expect…

PANews reported on November 13th, citing CoinDesk, that the United States is intensifying its crackdown on overseas scams that lure people into sending cryptocurrency. On Wednesday, the U.S. Treasury Department announced the establishment of a "Scam Center Task Force," disclosing its latest initiatives to combat Burmese scam groups that lure Americans with fake investment schemes. This task force, established with the participation of the Department of Justice and others, aims to combat "pig butchering" scams, which are often orchestrated by large organized crime groups in Myanmar and elsewhere. Led by the U.S. Attorney for the District of Columbia, the task force plans to mobilize resources from the Department of Justice, the Treasury Department, and other departments to dismantle transnational criminal corporations in Southeast Asia that have stolen substantial sums of money from Americans.