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
27th March 2018
Three main authorities overseeing financial regulation in the European Union have warned consumers from purchasing virtual currencies (VCs), saying they are ‘highly risky.’ The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA) and insurance and pensions (EIOPA) said cryptocurrencies are ‘unregulated products’ which are also ‘unsuitable as investment, savings… Read More
27th March 2018
Cyber-attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defences against the menace. “The risks connected with these attacks are growing in sync with the pace of global… Read More
25th March 2018
Britain announced a task force on Thursday to exploit the technology underpinning cryptoassets, such as bitcoin and other cryptocurrencies, as part of new plans to help fintech companies find more customers. British finance minister Philip Hammond said he was committed to helping fintech grow and flourish by taking a series… Read More
22nd March 2018
France plans to create a legal framework for raising funds via cryptocurrencies and aims to become a leading center for offerings in bitcoin-style digital currencies, its finance minister wrote on a news website. In an opinion piece on French website Numerama, Bruno Le Maire wrote that he had asked former… Read More
21st March 2018
Financial policymakers from the world’s top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private… Read More