The Andreessen Horowitz-backed crypto exchange is the latest on the Enforcement Directorate’s anti-money laundering hit list. Major Indian crypto exchange CoinSwitch Kuber had five of its premises searched by anti-money laundering agents on Thursday over alleged violations of forex laws. According to an Aug. 25 report from Bloomberg, India’s Enforcement Directorate searched CoinSwitch Kuber’s offices…
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“Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. The United States Commodity Futures Trading Commission, or CFTC, has added 34 unregistered foreign entities to its Registration Deficient List, including at least six providing crypto-related services. In a Thursday announcement,…
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Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300. The National Bank of Ukraine (NBU) continues taking measures to prevent capital outflows amid martial law by enforcing major restrictions on cryptocurrency purchases. The Ukrainian central bank officially announced Thursday a set of restrictions on cross-border operations, prohibiting…
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A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out…
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Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey. Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused…
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Crypto traders can earn passive income through Neutrino stablecoin staking. U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking. According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ecosystem to include seven different…
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The alleged crypto scam websites are still intact. A securities regulator in the United States, the Texas State Securities Board (TSSB), has detected another batch of alleged cryptocurrency scams. On Sept. 3, Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against two alleged crypto scam schemes known as Forex Birds…
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Chainlink connects a $7 trillion a day industry to the decentralized finance space by partnering with CenterPrime. Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space. “A breakthrough for Korean fintech industry” CenterPrime, a Hyperledger based project, has access to…
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A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam. The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16…
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The CFTC has filed charges against two parties on Ponzi allegations involving crypto, forex, and over $500,000 of defrauded funds. The Commodity Futures Trading Commission (CFTC) has filed charges against a Colorado native and associated investment company on fraud charges. Denver local Breonna Clark, along with Colorado-based Venture Capital Investments Ltd., face civil action from…
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