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Tag Archives: Regulators

Gemini Adds Litecoin with Approval from New York Regulators

Cryptocurrency exchange, Gemini, announced today that they will be adding support for Litecoin (LTC) beginning on Saturday, October 13th. Investors will be able to deposit LTC into Gemini, but will not be able to trade the cryptocurrency until Tuesday, October 16th. Litecoin will be the fourth digital asset added to the exchange platform and will have trading pairs with all ...

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U.S. SEC Halts Fraudulent ICO That Claimed to Possess Regulator’s Approval

The U.S. Securities and Exchange Commission (SEC) has halted a planned Initial Coin Offering (ICO) that falsely claimed have SEC approval, the agency reported in an official press release Thursday, Oct. 11. The SEC suspended the ICO project with an emergency court order, and also halted pre-ICO sales by the company Blockvest LLC, and its founder Reginald Buddy Ringgold III. ...

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Bitcoin Fraudsters Impersonated Regulators, Forged CFTC Documents

The Commodity Futures Trading Commission (CFTC) has filed charges against two cryptocurrency fraudsters who impersonated U.S. regulators and forged documents as part of a scheme to steal bitcoin from retail investors. According to a complaint filed last Friday in the U.S. District Court for the Northern District of Texas, the defendant(s) — operating under the names Morgan Hunt and Kim ...

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SBI Ripple Asia Gets Green Light From Japanese Regulators For New App

SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in the works since 2017, when ...

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BIS Report Finds Strong Link Between Crypto Prices and Regulators’ Actions

A new report published by the Bank for International Settlements (BIS) has found a strong correlation between crypto prices and news of regulators’ interventions. According to the report published September 23 by BIS – an organization based in Switzerland made up of 60 of the world’s central banks – cryptocurrencies retain close links to news of regulatory actions across different ...

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US Regulators are Fighting to Regulate Crypto, is it Positive?

A recent statement from an NYU professor brought yet another troublesome aspect of US crypto regulation to the attention of the public. This time, it is a rivalry between different regulators, with all of them wishing to establish dominance. US Regulators Competing for Turf The US is under a lot of pressure when it comes to bringing functional regulation. However, ...

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Texas Regulators Shut Down Three Cryptocurrency Scams

The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes. The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into ...

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EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October

Software giant Microsoft has requested European Union (E.U.) approval of its $7.5 billion acquisition of web-based hosting service GitHub, Reuters reported September 17. According to Reuters, Microsoft filed the request last Friday, and the decision will be made by October 19. GitHub is an open-source coding website, a repository which hosts developers’ source code projects in a number of different ...

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Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach

Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17. Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized approach that takes distributed ...

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US Regulators Extend Their Purview Within Crypto Industry

This week, on the same day, two United States regulating bodies — the Financial Industry Regulatory Authority (FINRA) and its ruling organization the Securities and Exchange Commission (SEC) — reported filing objections against non-compliant crypto players who made some false statements regarding their businesses. While the SEC barely needs any introduction for those who follow the crypto industry, FINRA might ...

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