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Category: jurisdiction
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Aussies revealed as prime targets of Israel crypto scam syndicate
Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
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House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
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NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry
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Xapo Transfers Key Operations to Switzerland
Global crypto services provider Xapo is moving major operations from its base in Hong Kong to its office in Switzerland. The company is incorporated in the Asian financial hub but that may also change soon due to the friendlier business environment in the Alpine nation. Also read: Russian Institutions Back Proposal to Let Companies Use […]
The post Xapo Transfers Key Operations to Switzerland appeared first on Bitcoin News.
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5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation
Several known crypto companies have been granted licenses to operate from Gibraltar since the British overseas territory adopted business-friendly regulations for the nascent industry. According to Gibraltar’s trade minister, Albert Isola, the government is now focused on creating a “supportive environment” for the sector. Also read: Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions […]
The post 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation appeared first on Bitcoin News.
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US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges
A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Judge […]
The post US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges appeared first on Bitcoin News.
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$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction
The US Commodities Futures Trading Commission (CFTC) helped bring a fraud case to court, hoping to both assist in its ultimate prosecution and establish precedent. The New York Eastern District Court decided in the CFTC’s favor, ending in a combined over $1.1 million decision in fines and restitution. It also established the regulator as having […]
The post $1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction appeared first on Bitcoin News.
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SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner
A commissioner of the U.S. Securities and Exchange Commission (SEC) has voiced her opinion that the agency overstepped its bounds to reject a bitcoin ETF recently based on the underlying asset, bitcoin. She believes that the role of the SEC is to consider the market for the ETF, not the underlying asset itself. Also read: Yahoo! […]
The post SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner appeared first on Bitcoin News.
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Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies […]
The post Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering appeared first on Bitcoin News.
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