Canadian regulator BCSC warns against cryptocurrency broker Sussex Investment LeapRate

February 20, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against cryptocurrency broker Sussex Investment

Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning today against a suspicious entity named Sussex Investment. Sussex Investment is operating via the website https://sussexinvest.com and claims to be a cryptocurrency broker that offers cryptocurrency trading, initial coin offerings and trading in its own shares. Sussex Investment had advertised in British Columbia…

February 20, 2019 BY Valentina Kirilova

CySEC proposes adoption of AML provisions on cryptocurrencies into national law

The Cyprus Securities and Exchange Commission (CySEC) today released a consultative paper proposing that the legal provisions made in the 5th AML Directive (AMLD5) be adopted into the country’s law. Today’s announcement is a result of concerns raised by legal entities dealing in crypto assets whose needs are not being met by the current regulations.…

February 06, 2019 BY Mariela Naydenova

Child abuse images hidden in the blockchain of Bitcoin Satoshi Vision

The blockchain technology is now often abused in different ways. While the technology itself may be solving world’s most important problems such as eliminating labor abuse in African countries, the technology has a long way to go before becoming flawless. Recently, images of child molestation have been found on the core ledger of BSV or…

G20 group adopts tough FATF KYC/AML rules: Debate is how to implement

February 06, 2019 BY Mariela Naydenova

The Philippines create new regulatory framework for DATO

The Philippines are moving forward with their regulatory framework regarding digital asset token offerings (DATO). The information comes from ABACA, or the Asia Blockchain and Crypto Association. The regulations are released by the Cagayan Economic Zone Authority (CEZA) and aim to protect investors and regulate the whole cryptocurrency space in the country. Under the new regulations, issues…

February 06, 2019 BY Mariela Naydenova

PayMon - the gold-backed digital coin of Iranian banks

The idea that Iran is going to launch its very own stablecoin has been around for some time now. The country is undeniably working towards liberalizing its crypto space and embracing the technology of blockchain. Reportedly, Iranian banks have already launched their very own cryptocurrency, called PayMon. It is backed by gold. The four Iranian…

February 04, 2019 BY Valentina Kirilova

Iran central bank removes crypto ban and releases draft regulations

Iranian officials have been working diligently in the background, ostensibly to reverse its general ban on cryptocurrencies and to produce a framework that will mesh well with its plans for a national cryptocurrency, to be backed by the Rial and managed by the central bank. The central bank chose the eve of a national Electronic…

January 30, 2019 BY Valentina Kirilova

FCA warns against SMS Crypto Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company SMS Crypto Limited. SMS Crypto Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Bankenverband,cryptocurrency,digital currency

January 25, 2019 BY Valentina Kirilova

Is cryptocurrency “too small” for regulation? Experts commentary

Many of the speakers at this year's World Economic Forum in Davos, including Kenneth Rogoff, Professor of Economics at Harvard University, have claimed that crypto is “too small” for regulation. Kenneth Rogoff stated: I’ve spoken to the regulators and they very candidly say, ‘Well, there isn't really that much value going on in the [cryptocurrency]…

January 23, 2019 BY Valentina Kirilova

South Korea jails crypto execs for wash trading and volume fraud

For the first time, a judge in South Korea has stepped forward and handed out sentences to two crypto executives for falsifying exchange volume reports and profiting from internal wash trades. The two executives hail from the Komid exchange in South Korea, although one individual is also the CEO of fledgling coin system by the…

January 22, 2019 BY Valentina Kirilova

UK’s FCA is stepping up investigations of cryptocurency companies

In many respects, the world of cryptocurrencies is very reminiscent of the evolution of retail forex trading in the nineties. At that time, every aspect of trading in this new genre was an innovative adaptation of existing technologies, but with an entirely different look and feel. Regulatory agencies around the globe were unprepared for what…

Category: Regulation

Canadian regulator BCSC warns against cryptocurrency broker Sussex Investment

CySEC proposes adoption of AML provisions on cryptocurrencies into national law

Child abuse images hidden in the blockchain of Bitcoin Satoshi Vision

The Philippines create new regulatory framework for DATO

PayMon - the gold-backed digital coin of Iranian banks

Iran central bank removes crypto ban and releases draft regulations

FCA warns against SMS Crypto Limited firm

Is cryptocurrency “too small” for regulation? Experts commentary

South Korea jails crypto execs for wash trading and volume fraud

UK’s FCA is stepping up investigations of cryptocurency companies

NatWest and Marex Partner on New Cross Margining Solution

Capital.com Announces Enhanced $1m EU Client Protection Insurance Scheme

Coinbase to Launch US Perpetual-Style Futures

eToro Partners with Franklin Templeton on Target-Date Portfolios

Central Banks Grapple With Divergent Paths