Category: Regulation
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$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped…
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Pro-Bitcoin candidate wins Wyoming senate seat
Cynthia Lummis first bought Bitcoin back in 2013.
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Investors fight to keep Bancor securities case out of Israeli court
“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated lawyers in the class-action suit.
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South Korean financial watchdog seeks to ban privacy coins within the country
Virtual asset service providers in the country will not be allowed to handle “dark coins.”
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SEC Changes Rules, Making Fundraising Easier for Crypto Firms
The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow Crypto Companies to Raise More Money The SEC announced Monday that it has…
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Bitcoin sees threat from Hong Kong’s new crypto regulation
Changing policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space. As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated “whether or not they trade securities.” Unregulated crypto exchanges may commit an “offense” As per Reuters that…
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Hong Kong Amends Crypto Law to Regulate All Exchanges
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week…