UK Treasury confirms crypto staking falls outside collective investment scheme regulations

Staking will not be considered a collective investment scheme in the United Kingdom, according to a recent amendment by the U.K. Treasury. U.K. Authorities have updated a section of the Financial Services and Markets Act 2000, which regulates financial markets…

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Nigeria crypto and romance scams: 792 suspects arrested by authorities

The Economic and Financial Crimes Commission (EFCC) in Nigeria has dismantled an elaborate international fraud operation, arresting 792 suspects allegedly involved in crypto investment and romance scams.

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Swipe Right For Scams? Canadian Authorities Warn Of Rising Crypto Frauds On Dating Apps

As summer heats up, so does the activity of crypto scammers on Canadian dating apps and websites. The Canadian Anti-Fraud Centre (CAFC) has reported a troubling rise in romance and investment scams, also known as ‘pig butchering’ targeting individuals on dating platforms, involving sophisticated schemes that leverage cryptocurrencies.

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US arrests two Chinese nationals in $73 million crypto scam

US authorities arrested Daren Li and Yicheng Zhang in connection with a $73 million money laundering scheme. The defendants laundered the money via US and international bank accounts. Proceeds of the investment scam were converted to the USDT stablecoin.

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Top 3 reasons why investors own cryptocurrencies

Most individuals believe crypto is a good investment People are attracted to new technology Lack of trust in authorities turned people to crypto The cryptocurrency market’s popularity rose exponentially in the last decade or so.

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Thailand Authorities Bust $27 Million Crypto Scam, Over 3,200 Victims Affected

In a recent development from Thailand, authorities uncovered a massive crypto scam targeting local investors, with damages amounting to more than $27 million. In collaboration with international bodies, local enforcement agencies went after a fraudulent investment platform, leading to multiple arrests and property seizures.

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Thai Authorities Detain Five Foreigners Over $76 Million Crypto Scam

Thai authorities have arrested five foreign nationals in connection with a $76M investment scam. The post Thai Authorities Detain Five Foreigners Over $76 Million Crypto Scam appeared first on BeInCrypto.

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Thai authorities arrest 5 in 3,200-victim, $27M crypto scam

Victims lost over $27 million worth of Thai baht after investing in a fraudulent cryptocurrency investment platform.

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Former Deutsche Bank associate charged in crypto investment scheme

An investment banker who formerly worked for a firm believed to be Deutsche Bank has been charged with crypto fraud, according to U. S. authorities on April 11. A statement from the U. S. District Court for the Eastern District of New York said that Rashawn Russell was arrested on April 10.

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Binance Backs US Authorities in Seizing Over $100M Tied to Crypto Investment Scams

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US authorities seize over $112 million linked to crypto scam schemes 

The US Department of Justice has closed six cryptocurrency accounts with roughly $112 million. The wallets are reportedly linked to Arizona, California, and Idaho crypto scam schemes. Arizona, California, and Idaho-based scam crypto investment scheme orchestrators have hit a brick…

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Crypto Con Artists Leave Trail of ‘Rip Deal’ Victims From Amsterdam to Rome

They invite you to a restaurant to ink an investment in your project, and then they vanish – with the contents of your crypto wallet. Scams have popped up over the last few years targeting crypto companies, and European authorities are investigating.

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Cross-border crypto scammers on the hit list for EU agencies

Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022.

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Authorities in Italy, Albania Bust $16M Suspected Crypto Investment Scam

Law enforcement authorities in Italy and Albania have busted a cryptocurrency investment scam worth 15 million euros ($15.91 million).

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EU Criminal Justice Agency Raids Properties, Uncovers €15m Crypto Scam

Eu’s criminal justice agency, EuroJust, has carried out raids across Europe to dismantle a crypto scam that caused €15 million in losses. EU Goes After Crypto Investments Scam EuroJust worked with authorities in Italy and Albania to tackle an online investment crypto scam and seized €3 million worth of assets. The agency noted that the […]

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Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTs

According to Fumio Kishida, the government of Japan's investment in digital transformation included issuing NFTs to local authorities using digital solutions.

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The metaverse draws South Korea’s investment with $187 million pledge

Recent indications have emerged that not only private businesses are betting big on the metaverse; authorities around the world have also become piqued with the space. The post The metaverse draws South Korea’s investment with $187 million pledge appeared first on CryptoSlate.

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ViaBTC Capital’s Roadmap for VC Investment: Plunging into the DAO Segment to Capture Future Values

“In the physical world we live, governance is often subject to one or many central authorities. The real-world rules of governance have given rise to a strict, clear-cut hierarchy. As crypto technologies advance and creating a series of ecosystems, we developed a new approach: a free, equal, and open DAO governance ecosystem.

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UAE Authorities Unveil Regulatory Framework for Security Tokens

The Dubai Financial Services Authority (DFSA) has introduced a new regulatory framework for security tokens in the region. Dubbed the Investment Tokens regulatory framework, the rules apply to both individuals and firms looking to engage in any form of financial activity related to security tokens, according to a press release on October 25, 2021.  DFSARead More

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Canadian Authorities Issue Crypto Marketing Strategy Warnings

Predatory marketing campaigns by crypto trading platforms in Canada have been flagged by the Canadian Securities Administrators and the Investment Industry Organization of Canada. The post Canadian Authorities Issue Crypto Marketing Strategy Warnings appeared first on BeInCrypto.

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US Diplomat: This incident made authorities take 'another tough look at bitcoin'

Many consider the market for the world's largest cryptocurrency as a means to gain wealth. However, due to the attached risk factor, that is, its volatility it is perceived as an insecure investment oThe post US Diplomat: This incident made authorities take 'another tough look at bitcoin' appeared first on AMBCrypto.

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'The only crypto-assets likely to satisfy these factors are Bitcoin and Ether'

The Australian financial authorities are seeking public opinion on cryptocurrency-based exchange-traded products [ETPs] as demand for these products surges. The Australian Securities and Investment CoThe post 'The only crypto-assets likely to satisfy these factors are Bitcoin and Ether' appeared first on AMBCrypto.

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U.S Authorities to Thoroughly Evaluate Bitcoin Market’s ETF Readiness

The United States Securities and Exchange Commission (SEC) Division of Investment Management (IM) has urged investors interested in investing in mutual funds with exposure to the Bitcoin futures market, to do so with utmost caution.

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Canadian authorities approve two ETFs on Ethereum

Canadian investment firms Purpose Investments and CI Global Asset Management announced that have received regulatory approval to launch ETF traded funds pegged to Ethereum.

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Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages

A massive police operation took place in Istanbul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment Consultancy’ According to Demirören Haber Ajansı, Istanbul police cracked down a fake “crypto investment […]

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Istanbul cops raid fake Crypto Investment scam holding 100 people captive

According to reports from local news outlets, a Chinese gang of 18 suspects was recently detained by the police authorities of Istanbul on account of kidnapping and operating a crypto scam scheme. The gang which held its operations in Silivri in the Province of Istanbul, Turkey, attracted 101 people including two Turkmens, 95 Chinese nationals, […]

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Crypto Scams Constitute Two-thirds of Reported Investment Fraud in Austria

Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in digital assets continues to enjoyRead More

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Argentinean Prosecutor Investigates Alleged Bitcoin Scam Ganancias Deportivas

In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion.

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South African regulators issue fresh crypto investment warning

Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.

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Massachusetts regulators to start legal case against Robinhood

Regulators in Massachusetts are planning to file a legal complaint against California-based trading app Robinhood. Authorities allege that the digital investment platform aggressively marketed to inexThe post Massachusetts regulators to start legal case against Robinhood appeared first on AMBCrypto.

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Forex Strapped Nigeria Designates Crypto Assets as Securities

The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s investment and securities laws of 2007.

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Australian BitConnect Promoter Banned From Financial Services

Australian authorities have banned former BitConnect associate John Bigatton from providing financial services for seven years. According to a statement from the Australian Securities and Investment Commission (ASIC) on Thursday, ASIC has banned John Louis Anthony Bigatton, of New South Wales, from providing financial services for seven years.

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U.S. Authorities Charge AirBit Club for Running Crypto Investment Scam

U. S. authorities have charged the organizers of the cryptocurrency-based investment scheme AirBit Club with fraud and money laundering. According to an announcement by the U. S. Department of Justice (DOJ), the defendants are being charged for, “their roles in an internationally coordinated fraud and money laundering ring involved in defrauding individuals through investments in AirBit Club.

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Russia and China Want to Stop Their People from Buying Bitcoin: Investor Marius Landman

Trader and head of a Bitcoin investment fund Marius Landman states Russian and Chinese authorities are trying to prevent their citizens from buying Bitcoin. Here?s why

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Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators

A rise in cryptocurrency and coronavirus investment scams in New Zealand's Pacific islands has prompted authorities to launch awareness campaign.

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Napoleon’s BTC Fund Ties To CME’s Bitcoin Futures, Will It Use Bakkt’s New Cash-Settled Offering?

Napoleon AM Asset management is an asset manager regulated by France, which specializes in quantitative investment strategies applied to underlying assets exposed to crypto-assets. The French authorities licensed it as the first regulated Asset manager experts in the cryptocurrency.

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South Korean Crypto Exchange CEO Jailed For 16 Years

Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges.

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UAE Set for Faster Cryptocurrency Adoption as Institutional Investment Increases

As the nation’s authorities begin to draft regulations, the United Arab Emirates appears to be on the verge of expansion in cryptocurrency adoption. Speaking in The Khaleej Times, Nigel Green, the founder of the DeVere Group financial advisory firm said that the UAE is preparing for a rapid expansion in the demand for cryptocurrencies.

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Regulators can Shut Down Bitcoin Anytime: Bloomberg Editor

Law enforcement authorities can shut down bitcoin anytime, according to Bloomberg Digital’s executive editor Joe Weisenthal. The media talent warned institutions against creating bitcoin-based investment products, stating that they could become a tool to take capital from fiat markets.

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SEC Says Bitcoin is Not a Security, According to Letter to Cipher Technologies

Cipher Technologies Bitcoin Fund applied to become an “investment company. ” Due to multiple concerns that have not been addressed, and the fact that they plan to put their assets in Bitcoin, their request has been denied.

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Fintech laws, cryptocurrency regulations should not be rushed, claims Filipino Senator

Recently, news of selling cryptocurrencies for cash in the Philippines gathered a lot of attention after Abra, an investment service provider, announced the sale of digital assets across all 7-Eleven stores in the country.

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Filipino Authorities Arrest 273 Bitcoin Scammers

Law enforcement agents in the Phillippines while acting on a tip from the Chinese Embassy, have arrested 273 Chinese nationals for allegedly defrauding over 1,000 investors in a cryptocurrency investment scam, reports Inquirer on September 16, 2019.

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David Marcus: Libra Doesn’t Want to Conquer Dollar, It is Not Investment

Coinspeaker David Marcus: Libra Doesn’t Want to Conquer Dollar, It is Not InvestmentToday’s hearing in the House of Representatives follows one in the Senate. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.

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Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment scheme

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Facebook, Twitter and major social media sites blocked amid Liberian anti-corruption protest

Telecommunications companies and Internet Service Providers (ISPs) in Liberia have restricted Internet access in the country by blocking Facebook, WhatsApp, Twitter, Instagram, and Snapchat amid anti-corruption protests by citizens.

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Former BitConnect India chief on the run after promoting another crypto-scam

India‘s authorities have uncovered more cryptocurrency scams connected to the alleged head of BitConnect Asia, Divyesh Darji, Times of India reports. Police claim Darji had also been marketing another dubious cryptocurrency-related investment, “Regal Coin,” by offering short-term returns of 5,000 percent on any investments made.

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Dutch Crypto Conman Scams Dozens in $2.2 Million Bitcoin Mining Fraud

By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.

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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform Bitconnect. co. The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest.

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Canadian Exchange Kraken Criticizes Proposed Crypto Regulations from CSA and IIROC Authorities

Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) had combined to release a paper titled “Proposed Framework for Crypto-Asset Trading Platforms.

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