financial watchdog – DIGIT INFO

BlockFi to provide over $100K in refunds to California clients

DIGIT — Tue, 28 Mar 2023 03:13:17 +0000

At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn’t need to, according to court documents.

Go to Source

Crypto firms could face 2 years jail for breaching UK advertising laws

DIGIT — Tue, 07 Feb 2023 03:09:55 +0000

Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime.

Go to Source

Several Crypto Exchange Websites Taken Down in Kazakhstan

DIGIT — Thu, 26 Jan 2023 10:30:39 +0000

Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled […]

Go to Source

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges

DIGIT — Sun, 22 Jan 2023 10:30:35 +0000

The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian Crypto Exchange Websites and Wallets The State Financial Monitoring Service (SFMS), […]

Go to Source

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

DIGIT — Sun, 11 Dec 2022 06:30:50 +0000

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and their advertising. Rosfinmonitoring Backs Government’s Strategy to Strictly Regulate Cryptocurrencies in Russia The Federal […]

Go to Source

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

DIGIT — Fri, 11 Nov 2022 10:30:33 +0000

The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market. Indonesia Mulls Over New Financial Legislation Designed to Tighten […]

Go to Source

Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report

DIGIT — Tue, 08 Nov 2022 04:08:11 +0000

Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.

Go to Source

Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme

DIGIT — Wed, 10 Aug 2022 05:30:13 +0000

Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps. Bincloud Operators Kept 16% of Investors’ Funds for Themselves Amid intensified efforts to fight crypto-related […]

Go to Source

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

DIGIT — Sun, 10 Jul 2022 05:30:59 +0000

Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine. Top Financial Regulator in Russia Welcomes International […]

Go to Source

Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin

DIGIT — Thu, 30 Jun 2022 11:30:56 +0000

Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. Russian Authorities Initiate 20 Criminal Cases Linked to Crypto Assets The Federal Financial Monitoring Service of the Russian Federation, […]

Go to Source