2nd May 2018
Germany’s financial watchdog BaFin has published a statement outlining the way cryptocurrencies such as bitcoin and related investments should be classified. “For some time now, BaFin has been receiving an increasing number of queries enquiring whether tokens and virtual currencies (referred to as ”tokens“) marketed to investors in initial coin… Read More
27th April 2018
Britain remains aware that while blockchain technology presents numerous useful applications, it also has potential risks to consumers and competition, a financial regulatory official said. Cryptocurrencies have evolved from being a medium for exchange to being seen as an asset class, said Mary Starks, Director of Competition, at the… Read More
19th April 2018
Criminals are continuing to enjoy huge success despite efforts to prevent identity fraud, adapting to net 1.3 million more victims, with the amount stolen rising to $16.8 billion, according to the Javelin Strategy & Research’s 2018 Identity Fraud Survey. Online shopping presents the greatest fraud opportunity and fraudsters are getting… Read More
12th April 2018
The crime boss of a gang targeting over 100 financial institutions worldwide and costing the financial industry an estimated EUR 1 billion in cumulative losses, has been arrested, say authorities. The criminal profits were also laundered via cryptocurrencies, Europol said, using prepaid cards linked to the cryptocurrency wallets which were… Read More
8th April 2018
Regulated activities in relation to derivatives that reference either cryptocurrencies or tokens issued through an initial coin offering (ICO), will likely require authorisation by the Financial Conduct Authority (FCA), the regulator announced on Friday. Although cryptocurrencies are not currently regulated by the FCA – provided they are not part of… Read More
8th April 2018
The Indian central bank moved to bar banks and other entities that it regulates from having any linkages to virtual currency dealers, leading to a plunge in Bitcoin and other cryptocurrencies on local exchanges on Friday. The government and central bank have previously cautioned the public here on cryptocurrencies, with… Read More
3rd April 2018
AP – data breach at department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor has compromised the personal information of customers who shopped at the stores. The chains’ parent company, Canada-based Hudson’s Bay Co., announced the breach of its store payment systems on Sunday. The… Read More
2nd April 2018
The Philippine central bank issued a notice to its banks to be ‘extra careful’ during the holiday following a cyber attack at Malaysia’s central bank. On Tuesday Bank Negara Malaysia (BNM) identified a cyber attack which is understood to have involved ‘falsified wire-transfer requests over the SWIFT bank messaging network,’… Read More
2nd April 2018
Police have arrested members of a criminal gang who stole details of customers at two major banks through phishing scams, netting almost EUR 1 million. The group is also suspected of money laundering, drug and human trafficking. The arrests of the 20 individuals was conducted by law enforcement agencies in… Read More
29th March 2018
BEIJING (Reuters) – China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday. The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in… Read More