Nigeria’s SEC Proposes Significant Fee Hikes for Crypto Exchanges

by Александр Пирогов | Mar 18, 2024 | Blog News

The Securities and Exchange Commission (SEC) of Nigeria has put forward a proposal to amend the rules governing platforms offering crypto services, suggesting a substantial increase in registration fees for crypto exchanges. The proposed amendment includes raising the...

Former IcomTech Promoters Convicted of Wire Fraud Conspiracy

by Александр Пирогов | Mar 18, 2024 | Blog News

A New York jury has delivered guilty verdicts against David Brend and Gustavo Rodriguez, former promoters of the alleged crypto mining and trading company IcomTech, for their involvement in a wire fraud conspiracy. The conviction carries a maximum sentence of 20 years...

Hong Kong’s Securities and Futures Commission Issues Warning Against Bybit Exchange

by Александр Пирогов | Mar 18, 2024 | Blog News

The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Bybit, a global cryptocurrency exchange, labeling it as an “unlicensed virtual asset trading platform (VATP).” The SFC expressed concerns about various products...

Dubai International Financial Centre (DIFC) Enacts Groundbreaking Digital Assets Law

by Александр Пирогов | Mar 18, 2024 | Blog News

The Dubai International Financial Centre (DIFC) has taken a significant step forward in recognizing and regulating digital assets with the enactment of what it calls the “world’s first” digital assets law. This landmark legislation, which amends...

SEC Charges 17 Individuals in $300 Million Crypto Ponzi Scheme

by Александр Пирогов | Mar 18, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has brought charges against 17 individuals involved in an alleged cryptocurrency Ponzi scheme operated under the guise of CryptoFX LLC. The scheme targeted predominantly Latino investors in the U.S., promising...

US Senators Urge SEC to Reconsider Crypto ETP Approvals

by Александр Пирогов | Mar 15, 2024 | Blog News

US Senators Jack Reed and Laphonza Butler have called on Securities and Exchange Commission (SEC) Chairman Gary Gensler to halt the approval of further crypto exchange-traded products (ETPs) beyond Bitcoin. Their letter to Gensler emphasizes concerns over investor...