Indonesian market watchdog, the Otoritas Jasa Keuangan (OJK) has warned all financial service outfits operating in the country to abstain from dealing or facilitating transactions bordering on digital...
Tag: Regulator
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 bew...
Indonesia’s Regulator Bans Financial Institutions From Dealing In Crypto
The top regulatory body in Indonesia has told financial firms in the country to stay clear of facilitating all transactions that involve cryptocurrency. Indonesia’s watchdog cited concerns regarding m...
Indonesia Regulator Bans Crypto Trading and Sales for Finance Service Firms
The Financial Services Authority of Indonesia, also known as the OJK, tightened its grip on trading crypto and facilitating sales in the fifteenth largest economy in the world. The OJK banned crypto-r...
Credit Suisse Faces $9 Million Fine from US Regulator
The Financial Industry Regulatory Authority (FINRA) in the US has slapped a $9 million fine on Credit Suisse Securities, a unit of a Swiss banking giant, for multiple violations of regulatory laws and...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining – Mining Bitcoin News
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed ...
Proof-of-Work Ban Proposed by EU Finance Regulator to Curb Energy Usage
One of the EU’s top financial regulators has proposed banning the proof-of-work method of cryptocurrency mining, even as miners have switched to utilizing renewable resources. Given that proof-of-work...
European Markets Regulator Urges The EU To Ban Proof-of-Work Bitcoin Mining
Proof-of-work bitcoin mining should be banned, according to the vice chair of the European Securities and Markets Authority. Erik Thedéen suggested that European authorities explore prohibiting proof-...
European Regulator Calls for Effective Ban on Proof-of-Work Crypto Mining
Erik Thedéen, the vice-chairman of the European Securities and Markets Authority, has renewed fresh calls for widespread ban on Bitcoin mining. In an interview with The Financial Times media outlets, ...
Regulator Says that EU Should Ban Proof-of-Work Crypto Mining
According to a top financial regulator from the EU, the government should ban the main form of bitcoin mining at the bloc-wide level. He is concerned about the growth in renewable energy used for cryp...
Australia’s Top Financial Regulator Urges Investors Not to Put All Their Money Into Crypto
Alex Dovbnya The head of the ASIC is urging investors not to bet everything on crypto Australian Securities and Investments Commission chair Joseph Longo has urged investors not to bet their farm on c...
UK Regulator Cracks the Whip on Deceptive Cryptocurrency Ads
The United Kingdom government intends to bring crypto promotions into line with other financial advertisements to be transparent and fair, stopping misleading cryptocurrency ads that might trigger con...
EU Regulator Urges Proof-of-Work Ban
Key Takeaways Erik Thedéen, the vice-chair of the European Securities and Markets Authority, has called for a ban on Proof-of-Work mining. Thedéen has also expressed concerns over crypto miners increa...
Regulator Offers Conditional Approval to SoFi Bank, despite Crypto Asset Activities
American online personal finance company Social Finance, Inc., commonly known as Sofi, has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to establish SoFi Bank...
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 ...
EU Regulator Calls for Ban on Proof-of-Work Mining Used by Bitcoin, Ethereum
Erik Thedéen, vice chair of the European Securities and Markets Authority (ESMA), has called for a ban on proof-of-work crypto mining based on the industry’s high energy demands, per the Financi...
UK’s Financial Regulator Proposes to Treat Crypto Similarly to Other High Risk Investments
The Financial Conduct Authority (FCA) – the top monetary regulator in the United Kingdom – proposed to tighten the rules on how high-risk investments such as digital assets are advertised. The watchdo...
Bitcoin Mining Ban Proposed by Top EU Financial Regulator
Alex Dovbnya A leading EU financial regulator is calling for prohibiting Bitcoin mining Contents “A national issue” The U.S. is catching up Erik Thedeen, the newly appointed vice chair of ...
UK Regulator Proposes Policy To Curb Misleading Crypto Ads
The government in the UK moves to protect consumers from false cryptocurrency-related advertisements on public platforms and spaces. To achieve this, crypto promotions will fall under the purview of t...
SoFi scores conditional approval for bank charter from US regulator
advertisement Personal finance company SoFi has won conditional approval in its bid to create a nationally chartered bank. SoFi Bank’s conditional approval was announced late Tuesday by the Offi...
Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets – Regulation Bitcoin News
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The r...
British Payments Regulator Fines Mastercard and 4 Others £33M
The United Kingdom’s Payment Systems Regulator (PSA) has imposed a total penalty of more than £33 million on five pre-paid card issuers: Mastercard, allpay, Advanced Payment Solutions, Prepaid Financi...
Italian Financial Regulator Bans Five Websites Offering Financial Services
The Commissione Nazionale per le Società e la Borsa (Consob), the government authority of Italy responsible for regulating the Italian securities market, has added five websites to its register of ban...
Spain’s Regulator Sets New Rules for Cryptocurrency Advertisement
Digital asset ads in Spain will have to include a designated warning from February 2022, according to a new release from the Comisión Nacional del Mercado de Valores (CNMV). The paper outlined the new...
Singapore Regulator Clamps Down on Crypto Advertising
The Monetary Authority of Singapore (MAS)—the city-state’s financial services regulator—has told crypto companies to stop advertising their products to the public. Digital payment token (DPT) c...
ex-government regulator turned crypto adviser
Bitcoin (BTC-USD), the premiere digital currency first introduced in 2009, raised eyebrows this week when it dropped below $40,000 for the first time in three months, stoking fears of uncontrolled vol...
High Risk of Illicit Transactions Via Estonia, Reports Crypto Regulator
The risk of illicit transactions passing through cryptocurrency companies based in Estonia is high, according to the country’s crypto regulator. While crypto companies licensed in Estonia have accrued...
Crypto.com Ads In The UK Have Been Shut Down By The Regulator In Charge ⋆ ZyCrypto
Advertisement     The ASA has banned two ads from the cryptocurrency exchange, Crypto.com. The exchange has promised to stay compliant going forward. The regulator ha...
The UK Regulator Says Crypto.com Ads Were Misleading, Bans 2 Ads By The Trading Platform
On Wednesday, the UK marketing regulators, following a complaint, banned two crypto advertisements from the trading platform, Crypto.com. According to the regulators, the ads seemed to be taking advan...
UK regulator bans two Crypto.com ads in latest crackdown
advertisement The UK’s marketing regulator on Wednesday said it had banned two adverts from Crypto.com following a complaint. The first ad, seen on 1 September 2021 in the Daily Mail app, featu...
The Estonian Regulator Assures there are no Plans to Ban Cryptocurrency
On Sunday, the Estonian Ministry of Finance squashed reports that it would prohibit cryptocurrency ownership and trading. According to their new draft legislation for virtual asset service providers (...