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Anti-ICO Chairman of South Korean Financial Regulator Resigns as Expected

Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported the chairman’s decision on July 18."I recently tendered my resignation to President Moon Jae-in to widen the

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Crypto Criminals Send Scam Emails Impersonating British Financial Watchdog

Cyber criminals have been sending scam emails claiming to be from the United Kingdom Financial Conduct Authority (FCA) and promoting crypto assets investments, financial market-focused platform FT Adviser reported on July 22.The letter impersonating the FCA is entitled "Guaranteed chance to earn" and features the watchdog’s logo and branding.

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Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

Professor and renowned economist Nouriel Roubini, also known as Dr. Doom due to his gloomy predictions, penned down a long anti-crypto letter on July 16, calling on the U.S. financial regulators and other regulators to wake up from their slumber concerning crypto.According to Roubini, every civilized country operates stringent financial

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US Lawmakers Push to Keep Big Tech Out of the Financial World with New Proposed Legislation

In a legislative draft titled “Keep Big Tech Out Of Finance Act,” members of the US Democratic Party are working towards passing stringent rules to discourage big tech firms eyeing the financial market.This legislation is especially targeted at big firms such as Facebook who wants to function as a financial

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Crypto Exchanges Must Register With Financial Watchdog Next June

Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10.This requirement will come into effect along with other amendments to Canada’s new anti-money-laundering (AML) laws

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Bitcoin Is the ‘Single Best’ Financial Hedge: Warren Buffett ‘Disciple’

Venture capitalist Chamath Palihapitiya, a self-proclaimed “disciple” of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself.“It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told

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Major Chinese Financial News Provider Quietly Adds Crypto Index

Sina Finance, a finance-focused website owned by China’s major tech company Sina Corp, has added crypto index into its mobile app, China-focused online Twitter resource Cnledger reported on July 3.The new index on China’s major financial news channel provides data on prices and performance of major cryptocurrencies such as

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FCA’s Ban on Crypto Financial Instruments Affects UK Retailers

Earlier today, the UK’s market regulator, the Financial Conduct Authority (FCA), announced a proposal that would ban financial instruments linked to digital cryptocurrencies. The regulator has warned that such instruments using cryptocurrencies could incur huge losses for retailers who don’t understand the great risks associated with using them. The FCA’s Ban

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China’s Largest Financial News Service Adds Bitcoin, What Does it Mean?

Even a ban did not stop China’s most significant financial news provider from supporting cryptocurrencies such as bitcoin.Sina Finance, the world’s 32nd largest financial news portal, on Wednesday introduced a new cryptocurrency index, which lists the price and time-based performance of all the top digital assets. A snapshot provided by

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