Category: Financial Conduct Authority (FCA)

New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop

New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop

New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ […]

Continue Reading

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur […]

Continue Reading