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Tag Archives: Regulator

How British Financial Regulator Creates A Foundation For UK Cryptocurrency Adoption

Traditional financial institutions and big banks in the UK haven’t been overly supportive of cryptocurrencies over the years, but change could be on the horizon. 2018 has seen a big move for positive regulatory action towards cryptocurrencies around the world and England’s Financial Conduct Authority (FCA) has embraced this change as well. In March the FCA announced that it had ...

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Former US Gov’t Regulator Considers ETH, XRP Likely ‘Noncompliant Securities’

Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities, The New York Times reported Sunday, April 22. After working at Goldman Sachs, Gensler served as one of the top financial regulators in President Obama’s administration, as well as as the finance chief for Hillary Clinton’s 2016 ...

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Tezos Founder Sanctioned by Regulator for Allegations of Past Misconduct

Join our community of 10 000 traders on Hacked.com for just $39 per month. Tezos co-founder Arthur Breitman has been sanctioned by a top Wall Street regulator in connection with allegations that he violated regulations for securities professionals while working at Morgan Stanley. According to Reuters, the Financial Industry Regulatory Authority (FINRA) — a self-regulatory organization — on April 18 ...

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Tezos Co-Founder Fined and Banned by Wall Street Regulator

Tezos is embroiled in controversy once again as co-founder Arthur Breitman is slapped with a fine and a trading ban for two years by The Financial Industry Regulatory Authority (FINRA). Breitman Fined $20,000 The Wall Street regulatory body has come to a settlement with Breitman after he was accused of making false statements about his side venture (Tezos) while he was actively ...

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Crypto Scammers Face 21 Years in Prison, Warns Philippines Regulator

Join our community of 10 000 traders on Hacked.com for just $39 per month. In a notice, the Philippines’ Securities and Exchange Commission (SEC) has sternly warned promoters of 14 cryptocurrency investment schemes against soliciting domestic investors. In an advisory published on Wednesday, the Phillipines SEC urged the public to be wary of fourteen unregistered online investment schemes promising “unrealistic” ...

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‘Many ICOs are Dubious, Downright Frauds’, Says Hong Kong Regulator

Join our community of 10 000 traders on Hacked.com for just $39 per month. A senior official at Hong Kong’s securities regulator has, once again, reminded the public to be cautious of investments in initial coin offerings (ICOs). In a speech on new technologies on Friday, Hong Kong Securities and Futures Commission (SFC) deputy chief Julia Leung reiterated previous concerns ...

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Malta Regulator Seeks Feedback On Proposed Crypto Financial Instrument Test

The Malta Financial Services Authority (MFSA) has released a consultation paper on the possible introduction of a “Financial Instrument Test” that would legally define virtual tokens, according to an April 13 announcement on their site. The Financial Instrument Test, first proposed in a Nov. 30 paper on Initial Coin Offerings (ICO), virtual currencies, and related service providers, would determine whether ...

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Texas Regulator Inspects 32 Crypto Promoters, Warns Of ‘Widespread Fraud’

The Enforcement Division of the Texas State Securities Board (TSSB) has published the findings of its four-week investigation into “suspect” securities offerings tied to cryptocurrencies, in a report released April 10. Starting Dec. 18, 2017, the division opened 32 investigations into promoters of crypto investments, none of whom were registered to sell securities in Texas and therefore – given that ...

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Most Cryptocurrency Investment Promoters are Frauds, Says Texan Regulator

Join our community of 10 000 traders on Hacked.com for just $39 per month. Fraud is alarmingly widespread among cryptocurrency investment promoters, according to a report by the Texas State Securities Board. Texas leads the United States in cryptocurrency crackdowns. The board compiled its findings in a report, where it discovered that among 32 crypto investment promoters it had investigated during ...

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