Texas Takes Action Against Crypto Company Promising 200% Profit
The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cease and Desist Order The Texas State […]
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Venezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela’s Supreme Court Recognizes Petro The […]
Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […]
The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into […]
South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into […]
Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest […]
Belgium’s Financial Services and Markets Authority has updated the list of websites it says are cryptocurrency trading platforms showing signs of fraud. Twenty-one websites have been added to the existing list, bringing the total to 99 blacklisted sites. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 New Suspect Sites The Belgian Financial Services […]
One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approvals. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized […]
Herman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to […]
A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish […]
