Sentences with phrase «virtual currency trading platforms»

Although the alleged prohibition singles out «bitcoin executives,» the injunction would likely apply to people in management positions at virtual currency trading platforms more broadly.

Under the auspices of its Virtual Markets Integrity Initiative, the AG's office has sent letters to 13 virtual currency trading platforms requesting information about their operations, internal controls and safeguards to protect customer assets.

«To be clear, the CFTC does not regulate the dozens of virtual currency trading platforms here and abroad,» Giancarlo said, clarifying that the CFTC can't require cyber protections, platform safeguards and other things that consumers might expect from traditional securities.

At the same time, another important virtual currency trading platform, Robinhood, offers crypto trading services without fees.

During the hearing, Clayton indicated that he believes main street investors look at virtual currency trading platforms and assume that they are regulated in the same way that the stock exchange is regulated.

FinCen has issued two basic administrative rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.

In one example only a few months ago, a cyberthief swindled investors out of seven million dollars - by hacking a virtual currency trading platform during its Initial Coin Offering and inserting a malicious address, where digital investors were duped into sending their funds.

It said a company with a virtual currency trading platform is a money transmitter and thus must comply with related rules.

At present, China's domestic virtual currency trading platforms lack the relevant legal license, which leads to the virtual currency trading platforms free from the existing regulatory system.