Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops … Read more

SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale

The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify investors who suffered damages. Also read: SEC Commissioner Speaks Positively About … Read more