Belgium’s financial watchdog has reported that scammers stole up to $12 million using fraudulent ads from investors in the country. The watchdog estimated in an Oct. 5 warning from the Financial Services and Markets Authority (FSMA) that investors in Belgium had lost at least 10 million euros to fraudulent platforms, including those dealing with cryptocurrencies, […]
According to Nathan Catania, a partner at Gibraltar-based XReg Consulting. A group of former regulators and insurance professionals specialising in the regulation of crypto assets. More quality regulation, such as Gibraltar ‘s updated guidance on crypto companies. Is beneficial for those companies, end users, and the entire crypto space, leading to increased adoption. In some […]
After there was a clear close above the USD 11,000 resistance, the bitcoin price gained strength. The USD 11,250 and USD 11,400 levels were cleared by BTC. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and the next upside break seems to be aligned. Similarly, most major altcoins, including ethereum, XRP, litecoin, […]
A politician called on South Korea to “urgently” prioritise the development of crypto security technology. Stating that for the country, and the rest of the world, blockchain-powered finance is now an inevitable reality. At a Blockchain National Government Project event, sponsored by the Legislative Policy Research Group of the Parliament. And jointly hosted by Lee […]
With a Swiss crypto bank named Syngnum, the Japanese financial giant and Ripple partner SBI is set to launch an unlisted securities fund and will aim at European and Asian investors. The companies hope to raise “up to USD 66.3 million by 2021,” according to a Nikkei report, as well as press releases from both […]
A cryptoasset anti-money laundering (AML) solution has been integrated by major smartphone manufacturer Samsung to help boost the security of its Blockchain Wallet, a feature of its latest flagship handsets. The company has signed a “Blockchain Service AML Integration Agreement” with Samsung via a blog post from the South Korean, Singapore-based software company Uppsala Security […]
As the COVID-19 pandemic pushed the Egyptian economy into recession. And unemployment deepened, the benefits of trading. And mining Bitcoin are seen by more and more Egyptians as an alternative source of income. Many Egyptians, particularly young people, are interested in crypto-currencies, according to Al-Monitor. The economist and financial advisor to several investment institutions in […]
CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain threat intelligence solutions, claims that Europe has the highest number of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America. Their 2020 Geographic Risk Report argued that “effective Know-Your-Customer (KYC) protocols are an essential component […]
Several industry insiders argue that a recent crackdown by US regulators on the crypto derivatives exchange. BitMEX has shown once and for all that decentralisation is the way forward for those offering crypto-related services. The charges brought against BitMEX. By the US Commodity Futures Trading Commission (CFTC) are “bound to push more cryptocurrency projects toward […]
This week, the Australian government unveiled its Digital Business Plan of $574 million, which includes seven-figure grants for distributed ledger technology initiatives. “The plan outlines $4.95 million in support for” two blockchain pilots aimed at reducing company compliance costs, “announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget. Morrison said: “The […]