Use Caution When Buying Cryptocurrencies, Says CFTC

Investing, News | July 17, 2018 By:

The US Commodity Futures Trading Commission (CFTC) has advised consumers to do their homework before purchasing cryptocurrencies.

In a customer advisory, the CFTC told investors to exercise caution and conduct extensive research before purchasing digital coins or tokens, including those self-described as “utility coins” or “consumption coins.”

“This advisory is part of the CFTC’s education and outreach efforts to help educate and inform market participants,


Cryptocurrency Worth $1.5M USD Seized By Chinese Police During World Cup Gambling Crackdown

Crime, News | July 13, 2018 By:

Chinese authorities have cracked down on an organized soccer gambling during the ongoing World Cup, resulting in the seizure of more than 10 million yuan ($1.5M USD) worth of cryptocurrencies.

In a statement on Thursday, police in southern Guangdong province said that the syndicate’s unnamed gambling platform ran on the dark web and only accepted cryptocurrencies,


FINRA Wants Member Firms To Report Crypto Activities

News | July 11, 2018 By:

The Financial Industry Regulatory Authority (FINRA), an independent regulatory body for securities firms operating in the US, is encouraging member firms to notify the authority if they engage in any cryptocurrency activity.

In a regulatory notice, FINRA said the requested information will supplement its efforts to “ascertain the extent of FINRA member involvement related to digital assets.”