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Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading – Regulation Bitcoin News

Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto. Indonesian Regulator’s Crypto Warning Indonesia’s Financial Services Authority (OJK), the Jakarta-based government agency which regulates the financial

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Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions

Indonesia’s financial watchdog the Otoritas Jasa Keuangan (OJK) warned financial institutions in the country against offering or facilitating crypto-asset sales.On Tuesday, the official Instagram account for OJK posted a warning against the growing number of crypto Ponzi schemes and risks of crypto investments owing to the market’s volatility. The official

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Indonesia's Regulator Warns Financial Firms Against Offering Crypto Sales: Report

Indonesia's Financial Services Authority (OJK) warned firms against offering sales of crypto, according to a Reuters report Tuesday, though trading is legal in the country.Financial institutions are strictly prohibited from "using, marketing, and/or facilitating crypto asset trading," the OJK said in an Instagram post, according to Reuters. "Please beware of

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EU securities regulator calls for proof-of-work crypto mining ban

Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining.In a recent interview with the Financial Times, Thedéen said that Bitcoin (BTC) mining has become a “national issue” and warned cryptocurrencies could pose a risk to climate

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EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report

Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times."The solution is to

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UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors

The U.K.'s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on.The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers

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Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’ – Regulation Bitcoin News

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to

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