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Singapore blocks access to Polymarket over unlicensed gambling concerns
12.1.2025
Singapore-based users claim that Polymarket has been blocked, citing the Gambling Control Act 2022, which prohibits betting with unlicensed operators
Dogecoin Pup’s IP Owner Bags Rights to Neiro, Putting Namesake Memes in Focus
18.12.2024
IP-backed meme tokens are quickly becoming a hot topic in crypto circles. The market is showing signs of being wary of unlicensed offerings
Crypto.com faces scrutiny in Poland as regulator issues public warning
7.11.2024
Polish authorities have issued a cautionary alert on Crypto.com’s operations, citing possible regulatory noncompliance but stopping short of a ban
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
16.10.2024
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating...
Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations
11.10.2024
The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of...
London Man Denies Running Illegal Cryptocurrency ATMs
11.10.2024
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal...
Dubai’s crypto regulator cracks down on unlicensed firms
10.10.2024
Dubai’s Virtual Assets Regulatory Authority has issued fines ranging from $13,600 to $27,200 to seven entities operating without a license or breaching marketing regulations.
UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud
8.10.2024
Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said
UK Gambling Commission charges Sorare for unlicensed facilities
27.9.2024
The French website offers NFTs for fantasy sports team competitions and as collectibles.
Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
27.9.2024
Sorare was charged with violating the Gambling Act 2005 in the regulator's first move against a blockchain-based platform
Owner of unlicensed UK crypto ATM network faces criminal charges
10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration
Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports
10.9.2024
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said
Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
10.9.2024
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without...
Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform
28.8.2024
The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to...
Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice
16.7.2024
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017...
Hong Kong Ramps Up Crypto Scrutiny, Flags 7 Unlicensed Crypto Exchanges
15.7.2024
Hong Kong’s Securities and Futures Commission (SFC) has taken another major step in its ongoing efforts to regulate the crypto industry. The watchdog recently added seven crypto trading platforms to its Alert List, warning investors about their illegal operations in the region. Protecting...
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
15.7.2024
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
15.7.2024
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector