Auto Added by WPeMatico

CFTC Charges 14 Trading Platforms Offering Crypto-Related Investments

The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to…

Continue ReadingCFTC Charges 14 Trading Platforms Offering Crypto-Related Investments

Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’

Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but…

Continue ReadingTesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’

Miami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining

The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can…

Continue ReadingMiami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining

Swiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’

Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time,…

Continue ReadingSwiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’

Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed

The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing…

Continue ReadingKraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed

US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally

Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and…

Continue ReadingUS Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally

SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC…

Continue ReadingSEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent…

Continue ReadingCFTC hits Kraken with $1.25M in fines over alleged illegal offering