Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, the US Department of Justice raided darknet vendors and seized US$20 million of digital assets. North of the border, IIROC has created a working group to explore digital asset regulation.
The DOJ executed a nationwide raid targeting 35 vendors of illicit substances on the darknet. As part of the raid, the DOJ seized 2000 bitcoins and other digital assets valued at US$20 million, weapons, cash and, gold.
The Canadian self-regulatory organization has listed digital assets as one of the initiatives it will explore. The organization sees the potential for blockchain technology to change the capital markets ecosystem. The SRO will work closely with Canadian regulators and other stakeholders.
Floridas Chief Financial Officer, Jimmy Patronis, has created a position to monitor and evaluate the state of digital assets. The digital asset czar will be in charge of examining how current securities and insurance laws apply to digital assets and ICOs.
The digital asset exchange will shutter operations in Japan as it has not registered with the countrys financial regulator. Huobi Pro will suspend trading on July 2 and remove support for Japanese trading.
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