China: Forex Regulator Warns Against Illegal Crypto Cross-Border Flows

China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. Sun Tianqi, the chief accountant of China’s State Administration of Foreign Exchange (SAFE), made the remarks at […]

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$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018

Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018. A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29. The substantial rise from the AU$2.1 million ($1.48 million) […]

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Blockchain Ecosystem Offers $1.5 Million DApp Development Fund, Tech Support and Marketing

sponsored A blockchain ecosystem has launched a $1.5 million DApp funding program to encourage developers to build compelling applications on its platform. An established blockchain ecosystem has launched a decentralized application (DApp) funding program worth $1.5 million to incentivize developers and enthusiasts to build applications with real value. WaykiChain says it will offer support of […]

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UK Financial Watchdog Warns Against Firm Claiming to be Authorized With FCA

U.K.’s Financial Conduct Authority has warned the public against illicit Bulgaria-based Next Coin, which claims to be FCA-authorized. The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against illegal crypto-related firm Next Coin Market, according to an official statement released on March 6. According to the FCA, Bulgaria-based Next Coin falsely […]

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Swiss Crypto Bank Warns Customers About Company Masquerading as Partner

Switzerland-based online crypto bank Dukascopy has warned clients about a “clone” company GCG Asia claiming to be affiliated with the bank. Switzerland-based cryptocurrency bank Dukascopy has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm in an announcement published on Feb. 27. In the announcement, Dukascopy Bank […]

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