Bitcoin 

Australian Securities and Investments Commission Officially Warns Against OneCoin

The Australian Securities and Investments Commission (ASIC) has warned the public that crypto project OneCoin “could be involved in a scam,” according to a notice released on May 28. The Australian financial regulator has issued an official warning against OneCoin, the entity operating under website onecoin.eu, urging the public to not deal with this company as it is not licensed in Australia. Similar to another warning concerning a different company published on May 21, the ASIC stated that OneCoin did not obtain two major licenses needed to offer investment services…

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Bitcoin 

Australian Securities and Investments Commission Warns Public Against New Crypto Scam

The Australian Securities and Investments Commission (ASIC) has issued another warning on May 21 against an alleged crypto-related scam project. According to the report, the Australian financial regulator has today published a warning against an alleged scam entity dealing under two names, Dartalon Ltd and GFC Investments. The ASIC has red flagged the entity, reportedly claiming that the business “has made unsolicited calls or sent emails about investing, financial advice, credit or loans,” while it does not possess either an Australian Financial Services license or an Australian Credit license from…

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Blockchain 

Fintech Firm Billion Seals $2.1 Mln European Commission Grant for Blockchain System

Polish-British fintech firm Billon has reportedly sealed an almost €2 million (~$2.1 million) grant from European Commission’s Small and Medium-Sized Enterprises (SME) Instrument program to develop a blockchain document management system. The news was reported by Billion in a press release on May 14. The Commission’s SME Instrument program provides funding for innovation projects which are close-to-market, and has reportedly awarded Billon a grant under Phase 2 of the program — which provides enterprises with up to 70% of the costs of their proposed project. Billon’s system, dubbed B4TDM (Blockchain…

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Bitcoin 

Securities and Exchange Commission Plans to Hire in-House Crypto Specialist

The United States finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency, a job application that originally appeared on April 5 confirms. The SEC, which continues to iron out policy regarding U.S. domestic treatment of cryptocurrency tokens, will pay up to $239,000 per year for its Crypto Specialist, who will serve various consulting roles. “The Crypto Specialist provides expertise and coordinates TM activities regarding crypto and digital asset securities,” a summary of the position reads. The summary continues: “Duties include…

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Bitcoin 

South Korea Will Keep ICO Ban, Says Financial Services Commission

South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30. Unveiling the results of a survey undertaken from September 2018, the body said it had discovered that firms conducting ICOs were making use of foreign jurisdictions, but still raising funds from South Korean nationals. South Korea formally banned ICOs in September 2017, citing lack of stability and ease of manipulation as cause to stop citizens from buying cryptocurrency tokens. “If there is…

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Bitcoin 

Eurasian Economic Commission Prepares Report on Cryptocurrencies, Considers Regulation

The Eurasian Economic Commission, which serves as an executive body of the Eurasian Economic Union (EAEU), has prepared a report on cryptocurrencies to promote regulation in the area. Russian news agency TASS reports on the development on Monday, Jan. 28. The Commission’s minister for integration and macroeconomics, Tatyana Valovaya, said that EEU — a political and economic union established by Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan in 2014 — aims to create a consolidated financial market by 2025. As the cryptocurrency and blockchain industries are becoming more robust, the EEU…

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