Task force will develop guidance for cryptocurrency fraud investigations in USA
U.S. President Donald Trump signed an executive order creating a task force that will focus in part on developing guidance for cryptocurrency fraud investigations, reported CoinDesk.
An executive order signed by President Donald Trump listed the Justice Department and agencies including the SEC, the Federal Trade Commission and the Consumer Financial Protection Bureau as leaders of the new task force which has “cyber fraud” and “digital currency fraud” at the top of its assignments.
It is expected that the task force will submit a report on this issue to the presidential administration and will cooperate with another task force that was previously organized by the Financial Stability Oversight Council (FSOC).
New York Attorney General Reports that Crypto Exchanges are Ripe for ManipulationRead More
Cryptocurrency exchanges are vulnerable to market manipulation and lack standard consumer protections reports the investigation by the New York State Attorney General's office.
FINRA Has Taken Its First Crypto Disciplinary ActionRead More
The U.S. Financial Industry Regulatory Authority (FINRA) has issued its first crypto-related disciplinary action. On 11th of September FINRA filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts. He was charging with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called Hempcoin.
South Korean Banks to Limit Services for Crypto Traders without Identity VerificationRead More
South Korean banks are reportedly implementing new measures for crypto traders. They are going to limit the services offered to cryptocurrency traders and investors without identity verification, Korea local news report.