The US Securities and Exchange Commission (SEC) will start its “crypto road trip”, FinHub, on March 26th in San Francisco.

The FinHub (Hub for Innovation and Financial Technology) will open its doors, from 12:00 to 4:00 pm, to the crypto and blockchain world to allow those working in the sector to ask questions of various kinds directly to the regulator, questions regarding tools and procedures.  This will represent the first “local peer-to-peer” commission in the USA.

The FinHub was created precisely to provide a more accessible support by from the SEC to all users of the sector and to establish a mutual relationship of regulatory assistance; the main subjects of the event will be:

 – Digital asset advisory services;

 – Digital assets;

– Crypto Trading Platforms;

– Financing platforms.

The event will be held on March 26th, 2019 at the offices of the US Securities and Exchange Commission at the San Francisco Regional Office located at 44 Montgomery St., Suite 2800, San Francisco, California.

In order participate in the event, interested entities must register in advance on the SEC website and fill out the form.

This is certainly an excellent opportunity for all companies working in the industry, which still have doubts or want clarifications in some areas, to ask how crypto regulation works in the US directly to the SEC.

America, regulation and the Petro

Meanwhile, yesterday the US government sanctioned a Russian bank for financing oil.

The US Treasury Department (Office of Foreign Assets Control – OFAC) has in fact sanctioned EvryoFinance Mosnarbak, a bank owned by the Russian government which is the first institution to finance Petro.

One of the reasons that pushed the creation of Petro was also to circumvent the sanctions by the US regarding oil and mineral reserves.

The US Treasury commented on the decision against the bank as follows:

“As a result of today’s action, all property and interests in property of this entity, and of any entities that are owned, directly or indirectly, 50 percent or more by this entity, that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC”.