Crypto Frontline

Latest Regulation News at Crypto Frontline

    PlusToken Ponzi Scheme Under the Radar of Chinese Authorities

PlusToken Ponzi Scheme Under the Radar of Chinese Authorities

The $5.8 billion crypto Ponzi scheme based in China continues to be one of the main headlines, after the arrest of 109 individuals associated with the project. According to Cointelegraph, 6 individuals had been charged after being suspected in organizing and leading criminal pyramid schemes. Around the world, the regulatory

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    UK Crypto Firms to Face Extensive AML Requirements

UK Crypto Firms to Face Extensive AML Requirements

The regulatory requirements for cryptocurrency-related firms in the United Kingdom are about to be expanded, according to a recent consultation paper published by the Financial Conduct Authority (FCA). Just recently we’ve seen how Gemini and Archax had become the first two cryptocurrency exchange platforms to get a license from the

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    Gemini and Archax Get Licenses from the UK’s FCA

Gemini and Archax Get Licenses from the UK’s FCA

Things are changing in terms of crypto regulation in the United Kingdom and as of August 19th, Archax and Gemini had become the first two cryptocurrency exchange platforms to receive operating licenses from the Financial Conduct Authority. In our last regulatory-related article, we talked about how the UK’s NCSC had

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    UK’s NCSC Takes Actions Against Online Scams

UK’s NCSC Takes Actions Against Online Scams

The UK’s National Cyber Security Centre had recently warned the public against online scams promoting celebrity-endorsed investment opportunities, some of them related to fraudulent cryptocurrency schemes. The institution had taken drastic against such websites during the past few months, as scammers target individuals aggressively in the online world. In one

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    Crypto Regulatory Pressure to Increase if Valuations Continue Higher

Crypto Regulatory Pressure to Increase if Valuations Continue Higher

The cryptocurrency market continues to ride a wave of optimism, with valuations reaching new 2020 highs. Even though the momentum does not seem to be fading, for now, market participants need to consider several important aspects, in the long run, one of them being represented by the threat of tight

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    ASIC Warns Against Celebrity-Endorsed Crypto Scams

ASIC Warns Against Celebrity-Endorsed Crypto Scams

Based on a July 29th post from the Australian Securities and Investments Commission’s (ASIC) newshub, people are advised to avoid crypto trading scams that use celebrity endorsements fraudulently. Even though Australia is one of the countries that took a proactive approach to regulate the cryptocurrency industry, it looks like there

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    Washington D.C. Court Classifies Bitcoin as Money?

Washington D.C. Court Classifies Bitcoin as Money?

An interesting occurrence from a D.C. court had come to increased media attention since it involves a Bitcoin tumbler business. Additionally, the July 24th court ruling states that “unlicensed money transmission” had been the main wrongdoing, setting up a new precedent where a judge labels Bitcoin as a form of

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    Bank of Thailand Moves Ahead with CBDC Tests

Bank of Thailand Moves Ahead with CBDC Tests

Asian countries are leading in terms of testing central bank digital currencies (CBDC) and following the project initiated by the People’s Bank of China, the Bank of Thailand (BoT) is moving ahead with a similar project according to the local English newspaper The Nation. Several months ago, China implemented a

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    Japan’s Government Appoints Crypto-Friendly New Head for FSA

Japan’s Government Appoints Crypto-Friendly New Head for FSA

Some of the latest headlines suggest Japan will continue to remain a country that has a friendly approach to cryptocurrencies, due to unconfirmed news pointing towards a new appointment for the position of Commissioner for the Financial Services Agency (FSA). Since it had proven to be open towards crypto, Japan

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    SEC’s Power to Sanction Crypto Firms Limited by Supreme Court

SEC’s Power to Sanction Crypto Firms Limited by Supreme Court

Cryptocurrency-based companies had received some good news on June 23, after a summary of the US Supreme Court case Liu vs. SEC in the National Law Review, and from now on could face lower penalties, in case the Commission finds they breached the law. From now on, the US Securities

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