The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GMT Crypto. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Cryptobourse. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…
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Coinsource, the Bitcoin ATM network, has announced that it was granted a virtual currency license in the state of New York. With approximately 40 physical kiosks in the state, the Fort Worth based company becomes the first Bitcoin ATM operator to be granted a New York virtual currency license, and only the twelfth company overall.…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called Cryptogain. Cryptogain Website: www.cryptogainlimited.com Email: [email protected] Reason for warning: The regulator recommends exercising caution before dealing with the website www.cryptogainlimited.com as it has the characteristics of a scam, including using the name of a New Zealand registered entity without the…
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UK financial regulator the Financial Conduct Authority (FCA) has announced that, as part of an HM Treasury led Cryptoasset Taskforce, it has co-published a report on the UK’s policy and regulatory approach to cryptoassets. Among other things (see below), the FCA said that it is looking at a full ban on crypto related CFD trading…
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Japan has long been in two minds as to how approach the growing cryptocurrency market. Japan was a very pro-Bitcoin country, one of the few to allow certain companies to pay their employees in Bitcoin, instead in Japanese yen. Japan has taken the next step in proving its pro-crypto status, as it just granted the…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called Bitcoin Revolution Limited. Bitcoin Revolution Limited Website: www.bitcoinrevolutionapp.com; www.pro-net-system.com Reason for warning: It could be involved in a scam. Articles posted on social media about The New Zealand Treasury and/or current or former prime ministers investing in bitcoin are false.…
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Financial Services Superintendent Maria T. Vullo has just announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from…
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After the SEC rejected a few Bitcoin ETFs and has been "wandering" around and chasing cryptocurrency companies, the regulatory body has decided to open a special office to deal with all crypto-related projects. The so-called Strategic Hub for Innovation and Financial Technology (FinHub) will be a connecting point between the SEC and the cryptocurrency industry, making…
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The Financial Stability Board (FSB) has just published Crypto-asset markets: Potential channels for future financial stability implications report. This report sets out the analysis behind the FSB’s proactive assessment of the potential implications of crypto-assets for financial stability. The reports follows up on the initial assessment set out in the FSB Chair’s March 2018 letter to…
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