Regulation

New Brunswick’s regulator warns Bitcoin-bank.io is illegal

By Henry Hughes

March 6, 2018

The Financial and Consumer Services Commission of the Canadian province New Brunswick (FCNB) has issued a warning against the company Bitcoin-bank.io that claims to be a “cryptobank”, payment ...

Belgium’s FSMA warns “cryptocurrency trading platforms” may be fraud

By Henry Hughes

March 6, 2018

Belgium’s financial services and markets regulator FSMA, has published a document warning the public of the risks of trading in cryptocurrencies. “In recent weeks, a large number of ...

Turkish politician proposes “Turkcoin”, regulation, state-controlled exchange

By Henry Hughes

February 23, 2018

Turkey should develop a blockchain infrastructure, launch its own “national bitcoin” – Turkcoin, regulate and set up a state-controlled cryptocurrency exchange, said former industry minister Ahmet Kenan Tanrikulu ...

Iran’s c-bank warns of cryptocurrencies, may issue local coin

By Henry Hughes

February 22, 2018

Iran’s central bank has warned Iranian citizens of the high risks of investing in the volatile market of the cryptocurrencies and told them they “may lose their financial ...

SEC charges BitFunder founder with fraud, has him arrested

By Henry Hughes

February 22, 2018

The US Securities and Exchange Commission (SEC) has charged Jon Montroll, also known as Ukyo, founder of the now defunct cryptocurrency platforms BitFunder and WeExchange with fraud and ...

Canada’s BCSC warns of Cryp Trade crypto scheme

By Henry Hughes

February 22, 2018

Canada’s regional financial markets and services regulator the British Columbia Securities Commission (BCSC) has issued a warning against the Cryp Trade cryptocurrency platform. According to the BCSC, Cryp ...

France’s AMF extends advertising ban to crypto derivatives

By Henry Hughes

February 22, 2018

France’s financial markets regulator, the AMF, has announced that the ban on electronic advertising of forex and binary options products, also extends to the recently appeared derivatives with ...

Israel to tax cryptocurrencies as assets, not currencies

By Henry Hughes

February 20, 2018

The Israel Tax Authority (ITA) has confirmed in a circular that it considers the cryptocurrencies assets and not currencies, and will tax them accordingly. As per the document, ...

Poland’s KNF warns of BitBay, Abucoins exchanges, pays for YouTube smear campaign against cryptos

By Henry Hughes

February 19, 2018

The Polish Financial Supervision Authority (KNF) has issued warnings against two Polish cryptocurrency exchanges – BitBay and Abucoins. According to the publications, neither BitBay, with an address in ...

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Ontario’s financial regulator warns of USI Tech MLM bitcoin scheme

By Henry Hughes

February 16, 2018

The Ontario Securities Commission (OSC) has issued a warning that the bitcoin multilevel marketing scheme USI Tech is not licensed to provide financial services and sell securities in ...

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