Apart form China, Canada's finance watchdog has voiced concern over blockchain anonymity and the Russian central bank has issued
a warning against cryptocurrency and ICOs.
Over in Luxembourg, the financial regulator (CSSF) issued
a warning against cryptocurrency investments and ICOs, mentioning the increased risks associated with them.
Not exact matches
The bank also
warned these entities
against offering
cryptocurrency - related investment or trading advice to clients, and banned them from allowing customers to purchase digital assets with credit cards.
That company, Olsson Capital, has been offering
cryptocurrency CFDs, a notoriously volatile (and highly leveraged) type of product, which the FCA specifically
warned against in November 2017.
In 2014, the government also requested Chinese
cryptocurrency exchanges not attend the first Beijing Bitcoin Conference, and issue a joint statement
warning customers
against dangerous speculative investments.
That's in stark contrast to its stance back in Jan. 2017 when it
warned local banks
against trading in
cryptocurrencies citing the danger of «money laundering and financing of terrorism.»
Canada's regional financial markets and services regulator the British Columbia Securities Commission (BCSC) has issued a
warning against the Cryp Trade
cryptocurrency platform.
He
warned against what he called an «irrational trend» of investing in
cryptocurrencies, noting the «ongoing fever of speculative investment».
There is a lot of scepticism surrounding
cryptocurrencies, and the Indian government is doubling down on this trend by not only
warning people
against investing in Bitcoin and other
cryptocurrencies, but also calling Bitcoin a «Ponzi scheme».
Unfortunately, the Chinese government then cracked down heavily on the
cryptocurrency market, issuing stringent
warnings against ICOs.
Yet, even as one U.K financial regulator has
warned against investing in derivatives that rely on
cryptocurrencies, Morini remains convinced his work is headed towards a derivatives market that leverages the best of the old and the new.
It is imperative to note that the Saudi Arabia's Central Bank had
warned citizens
against cryptocurrency trading last year since it was outside its regulatory radar.
For the record, Centra Tech initially ran into trouble with the SEC after the government agency issued a
warning to caution
cryptocurrency enthusiasts
against celebrity - backed ICOs.
India does not specifically ban Bitcoin trading, but has repeatedly
warned the public
against cryptocurrencies.
Authorities in Delhi, the capital of India have been battling hard by issuing multiple
warnings against the use of
cryptocurrencies.
A big reason for the Indian government's disinterest into
cryptocurrencies can be recalled from the year of 2013, when the India's Central Bank, RBI
warned the users
against the security threats related to these
cryptocurrencies.
The Financial Conduct Authority (FCA) has issued a public
warning against an investment firm promising high returns on
cryptocurrency trading.
On Tuesday, Putin
warned against the growing influence of
cryptocurrencies.
A cybersecurity firm has
warned that North Korea is launching hacking attacks to accrue bitcoins and other
cryptocurrencies as a means of circumventing the stiff sanctions brought
against the country by the United Nations.
But an added worry today would be the naysayers, who would
warn against trusting the system too much because we might be in a
cryptocurrency bubble that could burst at any time.
That said, central banks and other financial watchdogs are starting to put the brakes on crypto markets by
warning against initial coin offerings and the
cryptocurrencies that encourage them.
However, Bittrex, one of the largest
cryptocurrency exchanges, has said it will credit users with equivalent Bitcoin Gold (BTG) balances while
warning against the fork's technological limitations.
Today, the SFC has taken this
warning a step further by taking regulatory action
against a number of
cryptocurrency exchanges and issuers of ICOs.
Indonesia's central bank has issued strong
warnings against trading
cryptocurrencies.
Mr. Gref
warned against Russia seeking to prematurely prohibit bitcoin, emphasizing that
cryptocurrencies will comprise an enduring phenomena, and that the growing
cryptocurrency economy will afford considerable opportunities to Russian businesses.
Turkey's government has
warned against the use of the
cryptocurrency, saying it carries risks as no legal foundations were available for such transactions, but the club has shown a potential future for transfer payments with a first - of - its - kind move.
The news comes several days after the Tennessee Department of Commerce & Insurance (TDCI) Securities Division issued a
warning to consumers about the
cryptocurrency Bitcoiin or Bitcoiin2Gen, addressing the actions taken by the State of New Jersey
against the
cryptocurrency company.
The U.S Federal Reserve has also
warned against dabbling in
cryptocurrencies as it could pose significant dangers to financial stability.
Owen's move came after Filipino boxer Manny Pacquiao announced that he will release his own
cryptocurrency amid a
warning by the US Securities and Exchange Commission
against promoting Initial Coin Offering (ICO) companies.
Holding bitcoins and other
cryptocurrencies through Wirex serves as a hedge
against the possibility of the value of any particular fiat currency collapsing without
warning.
The move was taken after «three
warnings» were given to the public
against dealing with
cryptocurrencies.
Other
warnings have cautioned investors
against trusting retirement schemes which claim government agency backing or publicly - traded companies that promote their pivots to business lines related to
cryptocurrency or blockchain tech.
The tax authority of South Africa has
warned taxpayers in the country
against forgetting to report all their
cryptocurrency transactions.
Buterin is not the first to
warn against the possibility of a major loss from
cryptocurrency investments.
Economy & Regulation Nigerians are trading close to $ 4 million worth of bitcoin a week on 13 local exchanges, despite multiple
warnings by authorities
against investing in
cryptocurrencies.
Goldman Sachs has
warned its wealthiest clients
against succumbing to
cryptocurrency «mania,» which the investment banking giant claims has «moved...
Economy & Regulation Despite repeated government
warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of
cryptocurrencies.
The Luxembourg Financial Regulator CSSF issued a
warning against investments in
cryptocurrencies and ICOs (Initial Coin Offering), Cointelegraph auf Deutsch reported today, March 17.
Regulation Governments across Africa are striking a firm tone regarding bitcoin and
cryptocurrencies, with Algeria's congress expected to ban all
cryptocurrencies, and Kenya's central bank
warning against the risks of
cryptocurrency, and an advisor to Ghana's ministry