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Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’

The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12.Disintermediation is when consumers begin investing directly in markets, rather than through intermediates like banks.The NDIC was established in 1988 to ensure safety

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SEC Commissioner Warns Investors Against Putting Too Much Hope into Bitcoin ETF

The current state of the cryptocurrency markets is leading investors to place a significant amount of their hope into future products and events, including the potential approval of the VanEck/SolidX Bitcoin ETF that is currently awaiting the U.S. Securities and Exchange Commission’s (SEC’s) approval.Despite this, one SEC commissioner who is

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Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management

A South Korean financial authority has warned two major domestic banks about their lack of management of cryptocurrency transactions and anti-money laundering (AML) regulation, local online media outlet The Daily reports Dec. 4.The Financial Supervisory Service (FSS) has reviewed Kookmin Bank and Nonghyup Bank and found “unreasonable elements related to

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Beijing Financial Authority Warns Against ‘Illegal’ Security Token Offerings

The director general of the Beijing Municipal Bureau of Financial Work has warned that Security Token Offering (STOs) fundraising is “illegal” activity, independent Beijing-based media outlet Caijing reported on Dec.1.The Beijing Municipal Bureau of Financial Work had hosted a "2018 Global Wealth Management Forum" on Dec. 1 where Huo Xuewen,

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German Financial Watchdog Warns Public About Unauthorized Crypto Offering

The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities.In the warning, BaFin states that Platin Genesis was advertising a "Platinum Coin Crypto Fund" on social media, which it claimed was “approved

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Cryptoeconomy Winter? Fed Warns of Market ‘Shocks,’ De-Risking

Cryptoeconomy Winter? Fed Warns of Market ‘Shocks,’ De-Risking November 28, 2018 by William Peaster In its latest Financial Stability Report, the Federal Reserve outlined what it saw as serious current threats to the U.S. economy’s stability. The future is ever uncertain, but the report is worth crypto traders’ consideration: any shocks

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Nigeria’s Union Bank Reportedly Warns Against Crypto Transactions

The Union Bank of Nigeria has reportedly cautioned against transactions in cryptocurrencies, according to a letter allegedly sent to its users and published Nov. 26 by Nairaland, an online community targeted at Nigerians.Nairaland, the largest Nigerian online community with over 55 million Internet users, has published a letter reportedly from

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Crypto Exchange Kraken Opens Trading But Warns Clients Over Bitcoin Cash SV ‘Red Flags’

U.S.-based cryptocurrency exchange Kraken has opened trading in the controversial Bitcoin Cash SV, but has warned clients about the high risk associated with trading the new bitcoin cash token, the company announced in a November 18, 2018, blog post. Users Face ‘Extremely High Risk’ Kraken, one of the largest U.S.-based cryptocurrency

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Thai Securities And Exchange Commission Warns Unapproved Regulators

The Thai Securities and Exchange Commission (SEC) recently issued several warnings to unapproved regulators in the country. In the past few months, the number of companies launching new ventures in the crypto space of Thailand has grown considerably prompting the regulator to issue such warnings. The country enacted cryptocurrency regulations

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