warnings – DIGIT INFO

FTC Warns: Social Media Investment Scams on the Rise

DIGIT — Sat, 29 Jun 2024 08:31:04 +0000

The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media […]

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Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme

DIGIT — Sat, 22 Jun 2024 05:31:33 +0000

The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex. […]

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Report: Only 5.3% of Spanish Crypto Investors Have Received a Warning to Declare Income Taxes

DIGIT — Tue, 26 Apr 2022 04:30:40 +0000

Only 5.3% of Spanish crypto investors have received a warning to declare income taxes, according to a report in local media. If accurate, this would mean that only 233,000 investors, a minuscule portion of the estimated 4.4 million Spanish citizens that have delved into the crypto world with investment ideas in mind, were contacted by […]

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Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists

DIGIT — Wed, 13 Apr 2022 08:30:57 +0000

The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank of Russia Issues Warnings […]

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Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule

DIGIT — Sat, 03 Jul 2021 03:30:21 +0000

Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule compliance system. Binance Implements Ciphertrace’s […]

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South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments

DIGIT — Wed, 28 Apr 2021 08:30:11 +0000

As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC). Over 141,000 Signatures Collected in One Petition […]

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110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes

DIGIT — Tue, 09 Jul 2019 10:05:57 +0000

Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes. Also read: G20 Leaders Issue Declaration on Crypto Assets […]

The post 110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes appeared first on Bitcoin News.

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Thai SEC Warns About 9 Unauthorized Tokens

DIGIT — Mon, 29 Oct 2018 03:05:20 +0000

Thailand’s Securities and Exchange Commission (SEC) has warned about nine unauthorized tokens and initial coin offerings. These have neither been approved by the authorities nor met the necessary requirements. In addition, the regulator is also reportedly considering allowing asset management companies to launch cryptocurrency funds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC’s […]

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Korea Investigates 20 Public Companies for Using Crypto Claims to Boost Share Prices

DIGIT — Sun, 25 Feb 2018 10:00:42 +0000

The South Korean financial authorities are investigating 20 publicly listed companies for unfairly using cryptocurrency claims to boost their share prices. Crypto-related companies do not always follow through with their plans after seeing their share prices surge. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Investigating 20 Companies The South Korean Financial Supervisory […]

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Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges

DIGIT — Fri, 05 Jan 2018 19:05:54 +0000

The Indian government has been actively issuing warnings regarding the risks of investing in cryptocurrencies such as bitcoin. However, Indians are not deterred, crowding to register at crypto exchanges in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details Indian Government Actively Issuing Warnings The Indian government has repeatedly warned about bitcoin […]

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