Category: Regulation

clone firm FCA warning
August 09, 2018 BY Valentina Kirilova

FCA warns against Good Crypto clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Good 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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Bitcoin
August 06, 2018 BY Valentina Kirilova

FCA warns against Bitcoin Loophole or Bitcoin News Trader

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 Bitcoin Loophole / Bitcoin News Trader. Bitcoin Loophole / Bitcoin News Trader is not authorised by the FCA but has been targeting people in the UK…

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July 16, 2018 BY Valentina Kirilova

FSB sets out framework to monitor crypto-asset markets

The Financial Stability Board (FSB) informed that it has published a report delivered to the G20 Finance Ministers and Central Bank Governors on the work of the FSB and standard-setting bodies on crypto-assets. For its part, the FSB has developed a framework, in collaboration with Committee on Payments and Market Infrastructures (CPMI), to monitor the…

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warning
July 06, 2018 BY Valentina Kirilova

French AMF warns against several unauthorised crypto websites

On 22 February 2018, the Autorité des marchés financiers (AMF) published an analysis on its website concluding that crypto derivatives may be legally considered financial contracts. As such, the AMF and the ACPR have decided to jointly publish a blacklist with the websites that offer crypto derivatives without authorisation in France. Here is the list…

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July 06, 2018 BY Mariela Naydenova

India officially banned cryptocurrencies

India had a deadline for deciding the faith of cryptocurrency-related trading in the country. The deadline expired today, on the 5th of July and the Reserve Bank of India decided to ban all cryptocurrency-related activities. However, the new decision affects Indian citizens to the extent that they will not be able to transact on exchanges,…

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BCSC warning
July 04, 2018 BY Valentina Kirilova

Canadian regulator BCSC warns against Forex and cryptocurrency firm Capital Currency Trade

Canadian securities regulator the British Columbia Securities Commission (BCSC) just announced that it has become aware of a suspicious entity, Capital Currency Trade (the Company), claiming to be an online Forex and cryptocurrency trading platform provider. BCSC has recently became aware of the Company and that it made an unsolicited offer to a British Columbia…

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July 02, 2018 BY Mariela Naydenova

The latest cryptocurrency regulations - China, Russia, USA

Russia: Russia is moving forward with cryptocurrencies and their “legalization”. According to press, digital currencies in Russia will be categorized as “digital rights”. The new term will serve as differentiation to terms like “digital money” and “digital currency”. The whole change in name will be made mainly for tax purposes, as explained by Anatoly Aksakov,…

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June 21, 2018 BY Valentina Kirilova

FCA warns against Cryptorobot365 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 Cryptorobot365. Cryptorobot365 is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

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June 20, 2018 BY Valentina Kirilova

DFS grants virtual currency license to Square, Inc.

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Square, Inc., for a virtual currency license. Square currently holds a money-transmitter license from DFS. DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual…

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