Tag Archives: Regulator

UK Finance Regulator Warns Against Cryptocurrency Derivatives

One of the U.K.’s finance regulator has warned consumers about a particular kind of derivative contract based on cryptocurrencies. In a release on its website, the U.K. Financial Conduct Authority (FCA) cautioned would-be investors in cryptocurrency contracts-for-differences, or CFDs. Under a CFD, the two parties involved agree to pay either side in the event that […]

Ethereum Prices Today Slightly Down as Japan’s Financial Regulator Warns Investors About ICOs

Ethereum prices today were slightly down as Japan’s financial regulator sent out a warning about initial coin offerings (ICOs) to investors. The cryptocurrency market is still digesting the Oct. 27, 2017, statement from Japan’s Financial Services Agency (FSA). The FSA stressed the “high” risk factor for investors who purchase new coin offerings in hopes their […]

Insight: We investigate bungling regulator CySec’s cryptocurrency minefield

CySec issued permission to some retail firms to add cryptocurrencies to their list of instruments, then stopped issuing it, and now its licensing department does not know who those firms are, and has an island full of firms offering unlicensed cryptocurrency via offshore jurisdictions. Want CySec to tell you who is who? It’ll take them […]

Japan’s Bitcoin Exchanges Under Regulator Surveillance From October

Japan’s Financial Services Agency (FSA) will begin more closely monitoring cryptocurrency exchanges from next month. According to the Japan Times, the increased scrutiny is aimed to ensure that the companies comply to the revised payment services law, passed in April this year, which set out operational standards for exchanges, as well as recognizing bitcoin as a […]

Swiss Finance Regulator Cracks Down on ‘E-Coin’ Cryptocurrency Scheme

Switzerland’s financial markets regulator has ordered the closure of three companies tied to an alleged cryptocurrency scam. The Swiss Financial Market Supervisory Authority (FINMA) announced on September 19 that it had shut down the Quid Pro Quo Association, Digital Trading AG and Marcelco Group AG in connection with the sales of a so-called “E-Coin” cryptocurrency. The […]

Scam cryptocurrency shut down by Swiss regulator

The Swiss financial regulator is investigating multiple cases of suspected cryptocurrency fraud (Keystone) The Swiss financial regulator has closed down three companies linked to a fake cryptocurrency E-Coin amid fears that investors may have been conned out millions of francs. The Swiss Financial Market Supervisory Authority (Finma) said the probe is one of 12 it […]

Swiss regulator FINMA takes action against providers of fake crypto currency “E-Coin”

FINMA has liquidated the “E-Coin” providers that lacked the necessary banking license. Switzerland’s Financial Market Supervisory Authority (FINMA) has targeted unlicensed providers of fake crypto currency “E-Coin”. In an announcement, out today, the Swiss regulator said it had closed the unauthorised providers, who had accepted several million Swiss francs in public deposits without holding the […]

Bitcoin, Ethereum Crushed by Chinese Regulator Rumours

Talking Points – Bitcoin and Ethereum register double-digit losses on rumours – Chinese Yuan (CNY) a driving force behind crypto-currencies The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe. Bitcoin (BTC), Ethereum (ETH) Lead Crypto-Currencies Sharply Lower. After a week […]

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