Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud

The Financial Services and Markets Authority (FSMA) has added 21 new websites of suspected cryptocurrency scams to its blacklist. Belgium’s financial regulator published the list on its official website, bringing their tally of suspected crypto scams in the country to 99. The agency found that despite their prior warnings concerning the risks associated with crypto The post Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud appeared first on CCN

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CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years The post CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump appeared first on CCN

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CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC website The post CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies appeared first on CCN

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‘Discount Bitcoin Bandits’ Charged in Los Angeles for Theft

The Los Angeles County district attorney has charged a couple with stealing thousands of dollars from people who sought to purchase cryptocurrency, the district attorney’s office announced on its website. ‘Discount Bitcoin Bandits’ Charged with Second-Degree Robbery Authorities first charged Precious Lanay Fitzgerald with four counts of second-degree robbery, two counts of child abuse and The post ‘Discount Bitcoin Bandits’ Charged in Los Angeles for Theft appeared first on CCN

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Warning Celebrity Cryptocurrency Endorsers: You May Be Sued For Promoting Fraud ICOs

Celebrity endorsers of initial coin offerings and other cryptocurrency products could soon face legal action as regulators continue to crack down on fraud. That’s what securities attorneys warned amid the rash of SEC actions against scam ICOs. “They are clearly sending a signal,” former SEC attorney Nick Morgan told the Financial Times. Morgan, a partner in The post Warning Celebrity Cryptocurrency Endorsers: You May Be Sued For Promoting Fraud ICOs appeared first on CCN

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