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Tag Archives: Crackdown

SEC Heightens Crypto Crackdown, While US Court Ruling Marks Cryptos as Securities

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week New York Judges Rules Securities Laws Be “Flexible” And Apply To Cryptocurrencies In ...

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NASAA Provides Update on Operation Cryptosweep Crypto Crackdown

The North American Securities Administrators Association (NASAA), announced today, August 28, that the regulatory organization is actively investigating more than 200 initial coin offerings (ICOs) and cryptocurrency investment vehicles as part of the previously revealed Operation Cryptosweep initiative. Operation Cryptosweep Takes Aim at Unregulated Crypto Investments Back in May 2018, the NASAA announced Operation Cryptosweep – one of the “largest ...

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China’s Crackdown Leads to WeChat Blocking Crypto Transactions

In support of the Chinese government’s tightening clampdowns on local crypto-industry, a mobile payment giant has decided to bar virtual currency transactions on its platform. WeChat Pay on Friday issued a statement stating that they would prohibit users from sending or receiving funds related to cryptocurrencies on its social media platform. The Tencent-backed firm cleared that their firm does not ...

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China Continues Its Crypto Crackdown, Blocks Public Access to Offshore Exchanges

China has stepped up its crackdown on digital assets as it blocks the public from accessing more than 120 exchanges. Authorities are reportedly continuing to identify and police domestic websites offering information on crypto trading and initial coin offerings (ICOs). The Bad News Continues to Come for China’s Crypto Community According to a report in Chinese state media outlet Shanghai ...

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Does Beijing’s Commercial Crypto Ban Signal a Further Govt. Crackdown?

Commercial venues located in Beijing’s bustling downtown district have been banned from hosting cryptocurrency events, igniting speculation over whether China’s government is moving to tighten the noose on the industry, which continues to thrive despite last year’s trading ban. According to a report published on Chinese-language outlet QQ, local authorities in Beijing’s Chaoyang district have circulated an order, dated Aug. ...

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Yearlong SEC Crackdown Bolsters ICO Compliance Efforts

The initial coin offering industry is still subject to a lot of scrutiny. That is only natural, as this business model has introduced a lot of potential risks, flaws, and compliance issues. The SEC began cracking down on ICOs one year ago, and it seems those efforts are finally paying off. Compliance is slowly becoming the new normal among ICOs, ...

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Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank

The much-publicized and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent of the world’s trading. The data ...

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Vietnam Internet Crackdown Damages Plans to Become Blockchain Hub

Vietnam legislators approved a cybersecurity bill on June 12 putting tighter rules on tech companies from the start of 2019. Vietnam has been recognised as a potential hub for blockchain activity but doubts still remain over regulatory uncertainty. New Cybersecurity Bill Approved The new bill requires tech companies to hold important personal data locally which means they will need to ...

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Analysts Call Crypto Crackdown a Good Thing for the Industry

CNBC Africa Host Ran Neu-Ner has taken a position gaining a lot of acceptance recently that bringing clear regulation into the cryptocurrency marketplace at this time is a positive move for both entrepreneurs and investors. Regulation Will Open the Flood Gates Neu-Ner who hosts the CNBC Africa Crypto Trader appeared on the networks popular investment show Fast Money where he encouraged regulatory ...

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SEC Chair Jay Clayton Applauds US-Canada ICO Scam Crackdown

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who ...

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