Cryptocurrency Analysis and News Portal
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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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 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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Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned.During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to
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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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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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The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has
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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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The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and
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The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal.Claims of insufficient evidence In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed
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