Indonesia to launch national crypto exchange in 2023
Indonesia plans to set up a crypto stock exchange in 2023, ahead of moving regulatory powers to securities authorities. According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, […]
Executives from $1.5B South Korean crypto exchange fraud jailed
Six execs from crypto firm V Global have received prison sentences for their role in defrauding around 50,000 investors out of roughly $1.5 billion. Three executives were not held so they could defend themselves against specific charges in court, while six executives implicated in the $1.5 billion (2 trillion won) South Korean cryptocurrency exchange fraud […]
FTX Scammers pretend to be US State Department
Scammers are using the opportunity to take advantage of the collapsed exchange, FTX victims by posing as government officials. Scammers are leveraging the opportunity presented by users’ desire for the restoration of lost funds caused by the FTX crash to prey on already vulnerable victims by acting as government representatives. The Oregon Division of Financial […]
Philippine SEC warns against unlicensed crypto exchanges
After the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. A warning against utilizing unregistered cryptocurrency exchanges operating in the Philippines was issued by the Securities and Exchange Commission (SEC). The SEC warned against “the recent failure of a large international cryptocurrency exchange,” without specifically mentioning the FTX […]
Cuban NFT artist blocked from Opensea to comply with sanctions
OpenSea, the world’s largest marketplace for NFT, said that it’s banning digital artists from all countries sanctioned by the United States. OpenSea, a nonfungible token (NFT) platform, has been prohibiting artists and collectors from Cuba, primarily due to US sanctions.30 artists and collectors have reportedly been barred from the well-known NFT marketplace up until this […]