Next month, the Virtual Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and
virtual currency services vendors.
'' [In the US], financial regulators have already undertaken efforts at bringing
certain virtual currency service providers - mainly the virtual currency exchanges - under the existing legal frameworks regarding money services business,» explains the report.
Late on Friday, the Reserve Bank of India issued a more detailed circular stating any regulated entities that already
provide virtual currency services are required to cut all ties within three months.
The scam is carried out by a criminal who pretends to be
a virtual currency service's support representative in order to gain access to a crypto holder's wallet, then transferring all of the crypto out while the fake «maintenance» is taking place, only to «cease all communication» and disappear with the funds.
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all virtual currency services and activities of both individuals and business including market makers, mining operators, trading platforms and wallets.