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Tag Archives: Crackdown

Tokyo Police Crackdown on Alleged Crypto Pyramid Scheme, Arrest Eight Individuals

As global regulators rush to institute legal frameworks aimed at reducing the amount of fraud and scams that exist within the cryptocurrency industry, a recent series of arrests in Tokyo highlight just how important regulations can be. Earlier today, police in Tokyo arrested eight individuals in connection to an alleged cryptocurrency pyramid scheme that collected approximately $68.42 million in cash ...

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South Korea’s Zeniex Closes Amid Government Crackdown on Unauthorized Crypto Exchanges

South Korea’s cryptocurrency exchange Zeniex will soon terminate its services due to a recent government crackdown on unauthorized platforms, a post by Zeniex reveals Friday, Nov. 9. The crypto exchange, a joint project by South Korea and China which opened May 2018, states in the post that due to “recent issues,” they have “come to the conclusion that continuing to ...

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Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns

The native cryptocurrency token powering the Brave browser, Basic Attention Token, has fallen 20% overnight over concerns stemming from the SEC’s recent crackdown. BAT Faces Deep Correction After Coinbase Listing Surge While Bitcoin and much of the rest of the cryptocurrency market continue to struggle to break out through long-term downtrend resistance, Basic Attention Token (BAT), has been on quite ...

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Apple Reportedly Removes Crypto Podcast, Continued Crackdown on Industry?

U.S.-based technology giant, Apple, mysteriously removed an explosively popular cryptocurrency podcast that reached number four in the U.S. investing category without offering any warnings or explanations as to why the podcast was removed. The cryptocurrency podcast, called Off the Chain, is run by popular crypto enthusiast and investor, Anthony “Pomp” Pompliano, and discusses important cryptocurrency-related topics. Off the Chain, which ...

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Unocoin Founder Recounts His Arrest Following Indian Crackdown on Bitcoin ATMs

Just one week ago, Indian officials arrested the co-founder of an Indian cryptocurrency exchange, Unocoin, for operating a Bitcoin ATM kiosk which the police called “illegal”. One of Unocoin’s co-founders has now given a recount of his arrest in a recent interview. The Unocoin co-founder’s arrests were largely publicized and was seen by many as the Indian government’s way of flexing ...

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SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains

The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, according to a recent joint investigation by Yahoo Finance and Decrypt Media published, Oct. 10. The authors of the report stressed that hundreds of crypto and blockchain startups that conducted token sales have eventually found that they had ...

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U.S. SEC Gets Tougher with Crackdown on ICO Funded Startups

The U.S. Securities and Exchange Commission (SEC) has intensified efforts to crack down on Initial Coin Offering (ICO) funded startups. The financial regulator who had sent out a number of subpoenas to startups that failed to comply with its rules at the beginning of the year seems to be exerting more pressure on those startups to settle their cases, according ...

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Coinbase Japan | Exec Says Crypto Crackdown in Country is Good Thing

Major US cryptocurrency exchange Coinbase said Japan’s tighter regulations towards cryptocurrency would give it an advantage, signaling the company’s confidence in securing the regulatory approval for Coinbase Japan. Japan has been long considered a crypto friendly country, compared to its neighbor China. The country has had a large pool of retail investors interested in blockchain technology and crypto and light-touch ...

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Japan’s Crackdown on Cryptocurrency ‘Good for Us’

Cryptocurrency exchange giant Coinbase isn’t concerned that Japan’s Financial Services Agency (FSA) has begun to view the crypto trading industry with a more cautious eye in the wake of several high profile exchange hacks on the regulatory agency’s watch in 2018. Speaking with the Nikkei Asian Review, Mike Lempres, Coinbase’s chief policy officer, said that increased scrutiny of cryptocurrency exchanges ...

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Coinbase Exec Says Japanese Crypto Crackdown a ‘Good’ Thing, Awaits Operating License

As it awaits its Japanese operating license, an executive from leading U.S. crypto exchange Coinbase has made positive remarks about the country’s toughened stance towards the crypto industry. In an interview with financial newspaper Nikkei Asian Review published Oct. 10, Coinbase chief policy officer Mike Lempres said that talks for obtaining the license are “going well” with the country’s top ...

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