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Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange.In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers,

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Canadian Investment Manager 3iQ Gets Approval for Bitcoin Fund from Regulators

Founded in 2012 by Fred Pye and Jean-Luc Landry, 3iQ Corp. is an investment fund manager which focuses on digital assets and innovative technologies. On October 30, 3iQ announced to have received green light from the Ontario Securities Commission (OSC) for a closed-end Bitcoin fund.The fund is now going to

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Maltese Financial Regulators Warns Investors of New Bitcoin Ponzi Scheme

Maltese financial regulator, the Malta Financial Services Authority (MFSA), has made it clear to residents that “Bitcoin Future,” a new Bitcoin Ponzi scheme that claims to be endorsed by popular celebrities and regulators, is a fake investment platform and has not been licensed by the MFSA, according to a press

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US Regulators Clarify Crypto Regulation Roles in Joint Statement

At the core of any democratic country there are rules and regulations. If the past few years have taught us anything, it is that these rules are bound to change in order to accommodate emerging technologies.This is clearly proven in the ongoing struggle to regulate cryptocurrencies. However, financial regulators constantly

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UK Financial Regulator’s Crypto Investigations Surge 74% in 2019: Report

The Financial Conduct Authority (FCA), the United Kingdom’s primary financial regulator, has seen a 74% rise in crypto-related investigations in 2019 so far.A local law firm reveals the dataAccording to London-based law firm Pinsent Masons’ data, the number of the FCA’s investigations into cryptocurrency businesses has surged from 50

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Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators

Visa, Mastercard, PayPal and Stripe are unsure whether they wish to become paid-up participants in Facebook’s Libra digital currency.As Bloomberg reported on Oct. 2 citing “people familiar with the matter,” the four payment giants have reservations about the plans. Sources: Facebook “oversold” regulator supportThe companies formed part of the cohort

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