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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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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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,…
Read moreUK 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:…
Read moreFinancial 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…
Read moreThe Autorité des Marchés Financiers (AMF) has published a list of new unauthorized cryptocurrency websites offering atypical investments. Here is the list of new websites recently identified: https://www.bitoraxe.com/ https://connect-coin.fr/ https://www.solutioncrypto.com/ https://www.solution-crypto.com/ A list of all unauthorized websites to offer atypical investments is available in the AMF’s website and also in Assurance Banque Epargne Info Service…
Read moreLeading actors from Switzerland's financial, technological, academic and legal sectors have announced the formation of a new associative body called the Capital Markets and Technology Association (or CMTA) to facilitate the use of blockchain in financial markets. The CMTA will provide a platform to create open industry standards around issuing, distributing and trading securities in…
Read moreThe Canadian Securities Administrators (CSA) has informed that is urging Canadians to be cautious when considering buying crypto assets through trading platforms. Even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. Currently there are no crypto-asset trading platforms recognized as an exchange or…
Read moreSberbank CIB, the corporate and investment banking business of Russia's largest commercial bank, and National Settlement Depository (NSD), Russia’s central securities depository, announce the intention to test an Initial Coin Offering (ICO) technology at the Bank of Russia’s regulatory platform. Level One, a company that manages Moscow’s biggest commercial lecture hall, will be the issuer.…
Read moreThe Ontario Securities Commission (OSC), in conjunction with securities regulators from the North American Securities Administrators Association (NASAA), has announced that it has recently participated in an initiative to raise awareness about fraudulent and unregistered cryptocurrency-related investment schemes. As part of “Operation Cryptosweep,” the OSC joined forces with more than 40 provincial and state regulators…
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