Cryptocurrency Analysis and News Portal
Beijing’s restrictive policy, and the Hong Kong securities regulator’s lack of clarity, resulted in the loss of many entrepreneurs, high-skilled jobs, investors (with their billions of dollars of capital), exchanges and countless other active participants of the industry. From China, these people moved to Hong Kong, Singapore, Dubai, Silicon Valley
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against William Koo Ichioka, for defrauding around 100 users, including crypto asset holders, of more than $21 million. The fraudulent scheme According to the CFTC’s
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The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a lawsuit, CoinEx, a cryptocurrency platform, has been prohibited from conducting operations in both New York and the US. The firm was then ordered to pay $1.7 million in penalties and refunds to affected individuals
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Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's funds were seized for allegedly failing to register as a securities and commodities brokerage.The agreement resolves a previous
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The company, granted a New York BitLicense in January 2023, had advertised free wallet storage on its website, but it charged fees that sometimes entirely emptied investors’ accounts, the investigation concluded. In an agreement with the state, Coin Cafe is paying back those harmed, including 340 investors in New York. Source
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The stringent measures that appear to have been established against crypto in New York, the acceptance of stablecoins for bail bonds is a win. The city of New York is currently planning to add stablecoin payments as a form of bail. According to a May 10 bill, the city is proposing
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A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced on May 10 by New York State Democrat Latrice Walker, details the pre-existing methods of paying bail bonds, including cash, insurance bonds, and
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New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time to bring law and order to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New York State Attorney General (NYAG), Letitia James, is urging the state’s legislature to pass a law regulating the cryptocurrency sector that she claims will set the standard for the rest of the country regarding openness
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