security token

Overstock Will Airdrop Millions of Security Tokens to Its Stockholders

Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens to be distributed in total.Importantly, trading for these tokens will take place exclusively on Overstock’s alternative trading system tZERO. It processes less than $10,000 in daily volume on average.Documents filed with the United States Securities and Exchange Commission (SEC) on April 7 announced May 19 as the scheduled date for

Revised Crypto Laws in Japan to be Enforced Starting May 1

New laws for regulating cryptocurrencies in Japan will start to be enforced next month.The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially been set until last week.In the April 3 edition of an official government newsletter, it was announced that the revised versions of the PSA and FIEA would be enforced

Cryptocurrency News From Japan: March 29 – April 4 in Review

This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Japanese FSA receives comments on new regulationsThe Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking effect on May

SEC Demanding Feedback Regarding Proposed Security Exchange Of tZERO’s

Through a letter dated the 1st of April, the Securities and Exchange Commission, or SEC, gave out, the regulator stated that it would extend the timeline in regards to its review of the operations by a security token exchange, particularly one affiliated with tZERO.Needing More Time To Review ProposalIn what’s assumed isn’t an April Fools joke, the SEC stated that it would seek further analysis and input when it comes to BOX Options Exchange’s proposal for rule changes. These changes were made in order to start its operations within the

SEC Postpones Decision on Overstock-Affiliated Security Token Exchange

The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange (BSTX).In a letter published on April 1, the regulator postponed the current April 2 deadline in light of responses to a recent proposed rule change to BSTX’s original filing.The proposed exchangeBSTX is a project for a regulated security token exchange platform that would be jointly owned by Box Digital Markets and Overstock’s blockchain arm tZERO. As the SEC summarizes in its April