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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a crackdown on fraudulent activities, the SEC has taken action against operators of multiple websites accused of enticing investors with exaggerated returns through various securities offerings, including crypto asset mining pools. The regulatory agency has targeted
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U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales. The Biden administration is set to release its fiscal 2024 budget plan on Mar. 9 which is reportedly
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Katharine Wooller, Business Unit Director at Coincover Thinks the FCA is taking an incouraging step. She feels that the UK’s approach to regulation has been sluggish, so she thinks more proactivity to protect users is a positive step. “Trust in cryptocurrencies has collapsed once again following the FTX scandal. And if
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A joint task force from Italy and Albania recently busted a suspected crypto investment scam involving millions of dollars. Law enforcement authorities in Albania and Italy have uncovered a 15 million euro ($16 million) suspected crypto scam. According to reports, the Eurojust joint investigation team seized assets worth 3 million euros during
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They would also require brokers, agents and law firms to file reports to the Financial Intelligence Unit, which is responsible for tracking dirty money, and would also apply when the buyer attempts to pay in cash worth over AED 55,000 (around $15,000). The government did not specify any threshold for
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