Search
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
20.3.2023
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged
Canada Close to Tightening Rules for Crypto Exchanges: Sources
16.2.2023
Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans
Argentina's National Securities Commission to Set Requirements and Rules for Crypto Companies
7.2.2023
The jurisdiction of that agency is specified in a bill that is under discussion in the Argentine Congress
Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government
12.1.2023
The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law...
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
5.1.2023
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission...
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...
Bahamas regulator denies asking crypto exchange FTX to mint new tokens
3.1.2023
Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX
31.12.2022
The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by...
Argentine Senate Mulls Crypto Advertisement Regulation
28.12.2022
The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussion, would be to educate consumers on the dangers of investing in crypto and also to protect them...
Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto
26.12.2022
The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other investment...
SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering
26.12.2022
The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at...
Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing
15.12.2022
According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent customer funds to the firm Alameda Research. A letter...
FTX misrepresents actions of Securities Commission of the Bahamas
28.11.2022
The FTX crisis brings with it the inevitable jump to a 100-ft-deep well. Looking ahead to prevent the fall is the only way to safeguard everyone’s interests. Notes like these come onshore following the swift action taken by the Securities Commission of the Bahamas. Authorities praise...
FTX under 'active' civil and criminal investigation: Bahamas AG
28.11.2022
Bahamian Securities Commission, the Prime Minister’s financial intelligence unit, and a financial crimes unit are all involved in the FTX investigation
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’
28.11.2022
The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross...
Report: State Securities Regulators Probe Crypto Lender Genesis
26.11.2022
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have...
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
24.11.2022
The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to "secure" FTX's digital assets
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors
19.11.2022
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator....
Bahamian securities regulator ordered the transfer of FTX’s digital assets
18.11.2022
The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
15.11.2022
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events...