CFTC

Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi

</header> <strong>A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. </strong> Also Read: Binance to …

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Ethereum Futures: The Next Big Derivative to Hit the Market?

The United States Commodity Futures Trading Commission (CFTC) hasn’t come to bury Ether, it’s come to regulate it. That was the message drawn from Heath Tarbert’s remarks from the stage at Yahoo Finance’s All Markets Summit in New York City on Oct. 10, which could have important consequences for the crypto and blockchain industry. He …

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CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’

A purported cryptocurrency and foreign exchange investment firm is in hot water with the U.S. Commodity Futures Trading Commission (CFTC) and stands accused of operating like a Ponzi scheme. In a press release on Wednesday, relating to a complaint filed Sept. 30., the CFTC said it’s charging Nevada-based Circle Society and its operator David Gilbert Saffron with …

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Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here

</header> <strong>The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of …

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Where US Regulators Stand on Crypto Assets

<header class=”article__header”> </header> <strong>The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS.</strong> Also read: Tax Guide: What Crypto …

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US says digital assets are covered by money laundering and disclosure laws

Sponsored Links AP/Andrew Harnik US regulators issued a blunt warning to cryptocurrency holders who think they’re not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put out a joint statement to “remind” people that digital assets like crypto, tokens and other …

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2019 May Be the Year of Regulatory Response to Crypto: Ex-CFTC Chairman

Former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo, who had parted ways with the regulator this summer, has stated that he expects 2019 to be the year when regulators may start considering some response to cryptocurrencies. Giancarlo voiced his opinion during an interview with industry news outlet The Block published on Oct. 9, stating: …

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Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:  …

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Crypto Escrow Firm Chief Charged Over Alleged $7 Million Fraud

The head of a bitcoin escrow service faces decades behind bars if found guilty on charges of bitcoin-related fraud. According to U.S. Attorney’s Office of the Southern District of New York, Jon Barry Thompson of Volantis Market Maker is accused of committing two counts each of commodities and wire fraud for false claims concerning the …

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Report: LedgerX Claims Ex-CFTC Chairman Stalled Approvals Due to Personal Bias

Cryptocurrency derivatives firm LedgerX alleges that former United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo obstructed the approval of its amended Derivatives Clearing Organization (DCO) registration because of personal bias against the firm’s CEO Paul Chou. As Industry news outlet Coindesk reported on Sept. 28, LedgerX made the allegations in two letters obtained …

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