Search Results for: regulators
Founder of online gaming company charged for defrauding investors
February 11th, 2019
The Securities and Exchange Commission (SEC) charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC’s complaint, among other misrepresentations, Alexander ...
Cross-border testing pilot for innovative firms open to applications
February 1st, 2019
The Global Financial Innovation Network (GFIN) – a group of 29 international organisations including the Financial Conduct Authority – is inviting applications from firms wishing to test innovative financial products, services or business models across more than one country ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
The European Securities and Markets Authority released advice on Crypto assets
January 9th, 2019
The European Securities and Markets Authority (ESMA) today publishes its Advice (Advice) to the European Union (EU) Institutions – Commission, Council and Parliament – on initial coin offerings and crypto-assets. The Advice clarifies the existing EU rules applicable to ...
Chinese Survey: 40% want to invest in Bitcoin, 98% know of Crypto
January 2nd, 2019
According to a survey conducted by PANews, routed through Chinese crypto-friendly media outlet 8BTC, 98.22% of those surveyed had heard of cryptocurrency technology, whether it be Bitcoin (BTC), Ethereum (ETH), or otherwise. The survey had 4,980 respondents, 4,200 of ...
Top Cryptocurrency stories in 2018
December 27th, 2018
Following an intense 2017 with cryptocurrency market spikes, year 2018 is the year with great majority of digital assets plunged well over 80 percent in value since their all-time highs. Year 2018 is also filled with many headlines about the ...
Bitcoin rallies; Other top cryptocurrencies followed
December 20th, 2018
After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10 on Wednesday morning, according to data from CoinDesk. The performance brought bitcoin’s three-day gains to more than 22 percent. Other top ...
Alert! Cryptocurrency fraudsters are using cryptocurrencies to swindle consumers
December 19th, 2018
The Financial Services and Markets Authority (FSMA), an autonomous public institution that supervises the Belgian financial sector, has issued a warning to inform consumers for cryptocurrency fraud. In accordance the warning, despite its earlier warnings, the FSMA continues to ...
Individual and Company charged with ongoing Forex and Commodity fraud
December 18th, 2018
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filling of a civil enforcement action against an individual and his Illinois limited liability company for ongoing Forex and Commodity fraud. In accordance the announcement ...
Alert! Beware of companies offering financial services without the required license
December 14th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), China (Financial Supervisory Commission Chinese Taipei – FSC), Holland (Netherlands Authority for the Financial Markets – AFM), Sweden (Finansinspektionen), ...
