SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

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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…

Beyond the ICO Part 2: Regulation Breeds Specialization

Beyond the ICO Part 2: Regulation Breeds Specialization

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Fraudulent ICOs have stolen billions in investor capital, damaging market sentiment and capturing negative attention from strong-handed regulators around the world. There’s no doubt that the shape of ICOs is changing–but what role will regulators play in the future development of the ICO model? As market participants begin to adapt to exit scams, a set…

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

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A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.

EU Study: International Nature of Cryptocurrency Markets Is a Challenge for Regulators

EU Study: International Nature of Cryptocurrency Markets Is a Challenge for Regulators

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An EU study claims that the international nature of the cryptocurrency markets is a challenge for European regulators because many players, especially miners, are outside their reach. The researchers also expect that bank-issued coins could reshape the balance of power among cryptos, with commercial banks using underhanded tactics to stifle the competition. Also Read: The…

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

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Shark Tank star Kevin O’Leary, AKA “Mr. Wonderful”, said on CNBC’s Fast Money that he firmly believes not a dime from institutional investors will come into the crypto market, at least in the short-term. Custodianship Isn’t Enough, Regulators Have to be On Board Over the past 12 months, especially in early 2018, the narrative of…

A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

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The revelation bitcoin may have played a role in one of the biggest U.S. elections scandals has crypto supporters and mainstream pundits talking.

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

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The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.

Indian Central Bank Responds About Crypto Restrictions

Indian Central Bank Responds About Crypto Restrictions

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India’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s…