OSC raises awareness about fraudulent cryptocurrency-related investment schemes LeapRate

May 23, 2018 BY Valentina Kirilova

OSC raises awareness about fraudulent cryptocurrency-related investment schemes

The 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…

May 21, 2018 BY Valentina Kirilova

Canadian regulator OSC warns against several cryptocurrency firms

The Ontario Securities Commission (OSC) has warned investors about BTCReal, BitSerial, Hypercube Ventures LP, CabinCoin OÜ, and BaapPay Inc. These firms appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies. BTCReal, BitSerial, Hypercube Ventures LP, CabinCoin OÜ, and BaapPay Inc. are not registered in Ontario…

May 15, 2018 BY LeapRate Staff

CySEC clarifies rules for Forex brokers offering cryptocurrency CFDs

Cyprus financial regulator CySEC has just issued a new circular, outlining the rules governing brokers which offer cryptocurrency CFD trading to clients. CySEC began by pointing out - as did UK regulator the FCA last month - that while cryptocurrencies themselves are not considered financial instruments as defined by European rule-setter ESMA, derivatives of cryptocurrencies…

May 01, 2018 BY LeapRate Staff

CryptoUK wants the FCA to license and regulate crypto exchanges in the UK

CryptoUK, the first self-regulatory trade association for the UK cryptocurrency industry, has announced that it has called on a group of influential MPs to support proposals to regulate the industry in the UK. CryptoUK, the self-regulatory body set up to represent the sector, has set out new plans for HM Treasury to make cryptocurrency investment…

April 19, 2018 BY Mariela Naydenova

How special is Silicon Valley when it comes to SEC crypto regulations

When it comes to regulations on cryptocurrencies, governments and central banks around the world have been almost equally tight on what is "allowed" and what not. The SEC is also making changes to the crypto industry and the taxes related to owning digital currencies, treating them as assets. Now, one very special group of entities…

April 09, 2018 BY LeapRate Staff

Cryptocurrency CFDs require license, but not cryptos themselves: FCA

UK financial regulator the FCA has issued an interesting statement indicating that while cryptocurrencies are not currently regulated by the FCA, crypto derivatives - including cryptocurrency CFDs - are. According to the FCA, cryptocurrency derivatives are defined as being "financial instruments" under the Markets in Financial Instruments Directive II (MiFID II), even though the FCA does…

April 03, 2018 BY Valentina Kirilova

Australian digital currency exchange Independent Reserve now regulated

Independent Reserve, the Australian digital currency exchange, has announced that it has become the first Australian exchange of its kind to be regulated. Independent Reserve is the first exchange to be regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Set up in 1989, AUSTRAC ensures Australian institutions conform to the required standards around…

March 09, 2018 BY Valentina Kirilova

NSSC warns against cryptobank Bitcoin Bank/Bitcoin-bank.io

The Nova Scotia Securities Commission (NSSC) has made an announcement today, alerting Nova Scotians that Bitcoin Bank/Bitcoin-bank.io is not registered to sell securities in Nova Scotia. Bitcoin Bank claims to be a cryptobank that provides financial and investment services. It is soliciting investments in its BTCB coin that it claims to trade on crypto, Forex,…

February 22, 2018 BY LeapRate Staff

France bans ads for cryptocurrency CFDs

France's financial regulator Autorité des marchés financiers (AMF) has issued an opinion that it considers that the offer of cryptocurrency derivatives -i.e., CFDs on cryptocurrencies such as Bitcoin and Ripple - requires authorisation and that it is prohibited to advertise such offer via electronic means. Essentially, by defining crypto CFDs as 'derivatives', the advertising of…

February 22, 2018 BY Valentina Kirilova

Canadian regulator BCSC warns against cryptocurrency company Cryp Trade Capital Holdings

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated cryptocurrency company, named Cryp Trade Capital Holdings SL. The company is operating at https://cryp.trade/. Cryp Trade Capital Holdings SL (Cryp Trade) claims to be located in Alicate, Spain, and offers an online cryptocurrency trading platform and cryptocurrency investment…

Category: Regulation