Pakistan is one of the countries that has not been quite "pro-crypto". Just on the contrary, the country has been quite strict when it comes to the use of cryptocurrencies. For example, some time ago, the central bank of the country warned all financial institutions and banks that the use of virtual currencies is highly…
Read more
The Autorité des marchés financiers (AMF) and the ACPR have issued a public warning against the activities of several new websites and entities offering trading of investments on cryptocurrency derivatives without authorisation in France. Here is the list of the websites recently identified: www.avenir-crypto.com www.cryptos-advisor.com www.directco-invest.com www.direct-ep.com www.falcon-wl.com www.futur-solution.com www.globalco-crypto.com www.mabanquecrypto.com www.mcminage.com www.phoenix-gm.com A list…
Read more
The SEC seems to be trying very hard to understand the blockchain, fintech and cryptocurrency world. The agency is preparing to hold a public fintech forum on blockchain in May, 2019. The SEC announced that some of its staff will hold a forum on DLT and digital assets on 31st of May. Some time ago,…
Read more
Japan is introducing new cryptocurrency margin trading rules, as reported by the Japanese news agency Nikkei on the 18thof March, 2019. The idea is to bring more “order” in the crypto space and all exchanges that fail to follow the new regulations will be closed. The new amendments to the Japanese payment and financial services…
Read more
Crypto Winter’s consequences are now reaching global standard setting bodies for the banking establishment. Up to now, crypto related assets have been below the radar, so to speak, from an overall risk perspective, but the Basel Committee on Banking Supervision (BCBS), under the auspices of the Bank for International Settlements (BIS), has sent a directive…
Read more
The UK’s Financial Conduct Authority (FCA) released two research reports focused on analyzing consumer attitudes towards cryptocurrencies such as Ethereum and Bitcoin. The research teams asked UK consumers to participate in qualitative interviews as well as in a nationwide survey. The qualitative research revealed that consumers could be potentially harmed by crypto assets since many…
Read more
France is not usually under the “cryptocurrency” radar when it comes to hot news about regulation and “innovation”. However, the country may soon be imposing serious bans on several digital coins. According to press, under the French Law, cryptocurrencies such as Bitcoin Private, Monero and Dash could soon be forbidden as a new law is…
Read more
Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning today against a suspicious entity named Sussex Investment. Sussex Investment is operating via the website https://sussexinvest.com and claims to be a cryptocurrency broker that offers cryptocurrency trading, initial coin offerings and trading in its own shares. Sussex Investment had advertised in British Columbia…
Read more
The Cyprus Securities and Exchange Commission (CySEC) today released a consultative paper proposing that the legal provisions made in the 5th AML Directive (AMLD5) be adopted into the country’s law. Today’s announcement is a result of concerns raised by legal entities dealing in crypto assets whose needs are not being met by the current regulations.…
Read more
The blockchain technology is now often abused in different ways. While the technology itself may be solving world’s most important problems such as eliminating labor abuse in African countries, the technology has a long way to go before becoming flawless. Recently, images of child molestation have been found on the core ledger of BSV or…
Read more