The Securities and Exchange Commission charged eleven individuals with running a cryptocurrency pyramid and Ponzi scheme targeting retail investors globally. The scheme, called Forsage, solicited over $300 million from investors in the U.S.A. and elsewhere. […]
Cybersecurity experts claim North Korean hackers are posing as job applicants for crypto jobs in wealthy countries to fund government operations. So-called North Korean software developers are scraping LinkedIn and job site Indeed to steal […]
Key U.S. Lawmakers delay bipartisan bill to mitigate stablecoin risks to at least Sep. 2022. Lawmakers working on the yet-to-be-agreed-upon bill on behalf of House Financial Services Committee Chairwoman Maxine Waters (D. Calif) and Patrick […]
The International Monetary Fund (IMF) asserted that the cryptocurrency market downturn doesn’t threaten global financial stability. In a report released July 26, the international body highlighted Russia’s invasion of Ukraine and renewed COVID-19 lockdowns as […]
U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The bill, presented at Parliament on July 20, 2022, gives the Bank of England the […]
Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central Bank Digital Currencies. The Hong Kong Monetary Authority Chief, who joined Lowe on a panel […]
The governor of the central bank of Indonesia believes that cryptocurrencies have the potential to pose systemic risks, but can improve financial inclusion. Speaking at a G20 event in Bali, Governor Doni Primanto Joewono said […]
The United States has appealed to Japan to dial up the pressure on its cryptocurrency exchanges doing business with Russia. U.S. diplomats have asked Japanese officials to target crypto operations in Irkutsk, Siberia, where cool […]
India’s biggest crypto exchanges face a brutal market winter amid unfriendly local regulations. Plummeting prices, the looming cryptocurrency taxation scheme, and the inability of customers to transfer money into exchanges have all put a damper […]
The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater integration into the traditional finance system. The Financial Stability Report released by the Financial Policy […]
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