NFTs, "Insider Trading", and Staying in Compliance

NFTs, "Insider Trading", and Staying in Compliance

The blog section is a detailed professional, witty

Snezana Gebauer is a partner at StoneTurn, a global advisory firm, and Chris

2021 was the year when the crypto market made its greatest strides, reaching an estimated USD 3 trillion. It was also the year when non-fungible tokens (NFTs) gained massive popularity.  After Mike "Beeple" Winkelmann sold an NFT at Christie's Auction for USD 69 million, artists, investors, brands, celebrities and many others helped spike interest in

The recent crypto crash has had a big impact on NFT sales, with prices for popular NFTs plummeting in recent weeks. Some people argue that NFTs will weather this storm because they are a unique digital

What are the benefits of NFTs? NFTs have a number of benefits over other digital assets. First, they are tokens that rely on the blockchain, which guarantees their provenance, transfer, and record-keeping of ownership. Second, NFTs can be used to own music, video clips, gifts

NFTs (non-fungible tokens) are a new type of digital asset that are unique and cannot be replaced by another asset. NFTs can be used to represent ownership of digital or physical assets, or can be used to access exclusive content or discounts. NFTs are stored on a blockchain, and each NFT has a unique cryptographic hash that allows it to be tracked and verified. NFTs are a new and exciting way

NFTs have received a lot of attention from regulators recently, due to the enormous profit potential that can be gained from trading them. This has led to a debate about whether or not NFTs should be considered securities, and

Nathaniel Chastain was arrested and charged with one count of wire fraud and one count of money laundering. The indictment alleges that, between January 2018 and March 2020, Chastain defrauded OpenSea and its customers by creating

According to the indictment, Chastain was tasked with selecting NFTs to be featured on OpenSea's homepage. OpenSea kept those homepage selections confidential until they went live, since a main page listing often translated to a jump in price for both the featured NFT, as well as NFTs made by the same creator. Chastain would secretly buy an NFT just before OpenSea featured the piece on the front page of its website. Once those NFTs hit the main page, he would allegedly sell them "at profits of two- to five-times his initial purchase price." Chastain now

When it comes to the world of NFTs, the question of whether or not they should be considered securities is a hotly debated topic. The answer to this question largely depends on the purpose of the NFT in question and how it is marketed to potential buyers. If an NFT is simply sold as a static asset, such as a photograph with a certificate of authenticity, it is less likely to fall under the category of a security. However, if the NFT is sold with the assumption or intention

NFT exchange platforms that facilitate the trade of NFTs could be subject to regulation by the Securities and Exchange Commission (SEC) if the NFTs being traded are deemed to be securities. The SEC has the authority to sanction exchange platforms that operate without registration as a securities exchange. NFTs that are considered to

When it comes to non-fungible tokens (NFTs), companies should take a proactive approach in assessing and mitigating risks associated with insider trading. This is similar to the manner in which public companies mitigate risks related to insider trading of their stocks. NFT trading policies should be implemented to remind employees that non-public information about an NFT launch

NFTs, or non-fungible tokens, are a new type of asset that allows digital ownership. Unlike traditional assets like stocks or gold, NFTs are unique and impossible to replicate. This uniqueness makes them valuable and desirable, but also risky. Companies that are considering allowing employees to

While the world of NFTs is still relatively new, it is important for those involved in the space to take a proactive approach to compliance in order to stay ahead of any potential regulation. One way to do this is to look to public companies for best practices. Implementing cohesive policies around things

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The past few weeks have been eventful for the cryptocurrency industry, to say the least. From the US Fed's latest rate hike to the arrest of the ex-head of OpenSea for NFT insider trading, there's been a lot going on. And as always, regulatory scrutiny is on the rise. With crypto becoming more and more mainstream, it's only natural that regulators would start to take a closer look at the industry. In this blog post

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