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Moneygram Distances Itself From the Ripple Turmoil With the US SEC
25.12.2020
One of the world’s biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company. Moneygram Distances Itself From Ripple in the Midst of...
The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations
24.12.2020
The US Securities and Exchange Commission (SEC) has issued a cease and desist order against Shipchain and ordered it to pay a penalty of $2.05 million. Additionally, the regulator has directed Shipchain, a shipping and logistics company, to transfer Ship tokens in the possession or control of...
Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator
24.12.2020
The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and...
Thai Regulator Hits Defunct Crypto Exchange Operator with Legal Wrap
23.12.2020
Thailand’s regulatory Securities and Exchange Commission (SEC) has filed a criminal lawsuit against Bitcoin Company Limited, the operator of BX.in.th (BX), formerly the nation’s first and largest crypto exchange.
BX closed its doors last year, but the SEC claims the company transferred...
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
19.12.2020
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into...
UK Regulator Makes Temporary Register for Crypto Firms Awaiting Permits
16.12.2020
The British Financial Conduct Authority (FCA) has launched a temporary program for registering crypto companies that are waiting to obtain approval permits. The move from the financial regulator will enable a large number of crypto businesses to continue their operations beyond the January...
Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs
10.12.2020
The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises...
Linda Lacewell: A Friendlier Regulator
8.12.2020
NYDFS Superintendent Linda Lacewell is a regulator prepared to work with the grain of crypto rather than against it
Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks
6.12.2020
The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors...
Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’
30.11.2020
The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip....
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
21.11.2020
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader
21.11.2020
The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies...
US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)
21.11.2020
Call it the CPR for Operation Choke Point
US regulator wants to stop banks from blacklisting legal businesses, crypto included
20.11.2020
New rule-making aims to stop "creeping politicization of the banking industry," says OCC head
A Crypto Ally as Top US Bank Regulator?
19.11.2020
President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?
Pakistani Regulator Shows Positive Signs To Growing Local Crypto Market
18.11.2020
Financial regulator Securities and Exchange Commission of Pakistan (SECP) is seemingly leaning toward a more liberal stance on crypto regulation in the country with over 212m people, which is already one of the top emerging crypto markets, a recent position paper indicated.
The SECP admitted that...
Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator
17.11.2020
Outgoing U.S. President Donald Trump has nominated Acting Comptroller Brian Brooks to take on a more permanent role leading the bank regulator
Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC
17.11.2020
If its application is approved, Anchorage would be the first crypto company to get a national bank charter
Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin
17.11.2020
In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under...