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South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds
19.8.2020
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator...
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud
17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...
South African Bitcoin Investment Company Faces Fresh Scam Allegations
4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases
13.7.2020
Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines. The SEC says Abra’s employees “effected thousands...
South African Crypto Investment Company Issued Cease And Desist Order In Texas
9.7.2020
The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South...
Crypto.com to Refund Clients As Wirecard’s Card Issuer Told to Cease Operations
26.6.2020
Card issuer Crypto.com is refunding 100% of customer balances as the U.K. regulator orders Wirecard Card solutions to cease operations
Canadian Miner Hive Blockchain Issues Cease and Desist to Steem Fork Hive
23.3.2020
Hive Blockchain claims that the branding of the new Steem fork has led to confusion among its shareholders
Cease Infiltrations With an Upbeat System of Proficio
2.2.2020
Technology has evolved rapidly over the years. In the last decade, it has entered in every fold of life. From work to health, everywhere we are utilizing some or the other perks of the technology. The adoption of technology has opened many options for cyber crimes too. Apparently, it is not only...
European AML Directive Pushes Crypto Startup Bottle Pay Out of Business
15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...
German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations
15.11.2019
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency
BaFin Orders Gold-Backed Token Issuer to Cease-and-Desist Order
14.11.2019
BaFin has ordered Karatbit Foundation to stop doing business in Germany immediately due to the absence of a necessary license
Crypto Winter Claims Another Victim as DX Exchange Closes
4.11.2019
The digital assets market has been on an upward trend recently, with top cryptocurrencies such as BTC and BCH maintaining higher price levels. Unfortunately, this comes too late for some ventures in the field. The latest to cease operations is DX Exchange, which is now looking for a way to exit...
Missouri Watchdog Hits Unregistered Crypto Brokerage With Cease and Desist
3.10.2019
St. Louis-based Mavixbtc allegedly promised 55-percent returns and falsely claimed to be registered with two watchdog organizations
Regulators File Cease and Desist Against Craigslist Scam Promising 900% Crypto Returns
8.8.2019
Since launching a sweeping investigation of the crypto industry, the Texas State Securities Board has filed 24 administrative orders
Malaysia Begins Approving Crypto Exchange Registrations
5.6.2019
Malaysia’s securities commission has begun registering cryptocurrency exchanges after it started regulating the crypto space earlier this year. The first three crypto trading platform operators have been conditionally approved and given nine months to comply with registration requirements....
SEC Slaps Blockchain Author Alex Tapscott, Firm With Fines Over Securities Violations
15.5.2019
The U.S. securities regulator has settled with blockchain author Alex Tapscott and his investment firm NextBlock Global over securities violations