US, Canadian investors to get full compensation in GSB Group settlement
The German group is accused of running a multilevel marketing scheme that took in hundreds of millions of dollars in supposed crypto and metaverse investments. Go to Source
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Securities regulators oppose special treatment of crypto in Coinbase case
A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC. Go to Source
Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators. Go to Source Powered by WPeMatico
Crypto Tops Investor Threats for US Securities Regulators
U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US … Read more
Operation Cryptosweep: 200+ Crypto Cases in North America, 46 Enforcement Actions
North American regulators have revealed that more than 200 cryptocurrency-related cases are being actively investigated, with 46 enforcement actions taken. The coordinated efforts by over 40 jurisdictions in the U.S. and Canada are part of Operation Cryptosweep, aimed at cracking down on unregistered and fraudulent crypto-related investment products. Also read: Yahoo! Japan Confirms Entrance Into the … Read more
SEC Chairman Applauds ‘Operation Crypto-Sweep’
The chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has issued a statement “applaud[ing]” the efforts of authorities associated with the North American Securities Administrators Association (NASAA) in executing the current “enforcement sweep targeting fraudulent ICOs and crypto-asset investment products.” Also Read: 70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes … Read more
CFTC Publishes Advisory On Listing Cryptocurrency Derivatives
The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing … Read more
70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes
Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities … Read more
