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The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission. One is against the “first regulated crypto asset fund in the United States” and the other is against an “ICO Superstore.” Also read: 160 Crypto Exchanges […]
The post SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’ appeared first on Bitcoin News.
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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which […]
The post SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token appeared first on Bitcoin News.
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The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli […]
The post Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites appeared first on Bitcoin News.
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A U.S. state has issued emergency cease and desist orders to two companies and related persons purportedly engaged in cryptocurrency investment schemes. The first company posted videos of three mining farms composed of online stock images, according to the order. Both companies made numerous materially misleading claims and violated U.S. securities laws. Also read: Yahoo! Japan […]
The post US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms appeared first on Bitcoin News.
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The Japanese financial regulator has targeted another cryptocurrency exchange for improvement after an on-site inspection revealed inadequate standards. The exchange must comply and submit a written report next month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Another Exchange Punished The Japanese Financial Services Agency (FSA) has issued another “administrative punishment order” to a […]
The post Another Crypto Exchange Ordered to Improve by Japanese Regulator appeared first on Bitcoin News.
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