International News

INTERNATIONAL NEWS:

Australians Lost $340 Million to Scammers in 2017
Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released today, more than 200,000 scam reports were submitted to …
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One in Five ICOs may be Frauds but Investors are bullish on them anyway
The number of initial coin offerings, or ICOs, has skyrocketed in the past two years as more companies flock to the new and controversial way to raise capital. In an ICO, companies create a digital token or coin, then sell it to…
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What is Cryptocurrency A Simple Guide to Understanding Cryptocurrency and Crypto News
I am constantly running into techies and entrepreneurs who have made a ton of money by investing in cryptocurrencies. I don’t usually get into something unless I’ve educated myself on it and feel very comfortable with the industry, but to be honest, I haven’t …
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British Watchdog Puts Financial.org on Investor Alert List
Britain’s financial markets watchdog said on Thursday it had put UK-registered firm Financial.org on an investor alert list, warning investors from dealings with the company. The Financial Conduct Authority (FCA) warning is the latest from regulators around…
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The SEC Creates Bogus Cryptocurrency Investment Scheme toTeach Investors
If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you. Check out the SEC’s Office of Investor Education and Advocacy’s mock initial coin offering (ICO) website that touts an all too good…
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Thailand – Legal Framework for Crytocurrencies Comes Into Force
A regulatory framework for cryptocurrencies has come into effect by royal decree in Thailand, the Bangkok Post reported Sunday, May 13. The 100-section law, published yesterday in the country’s Royal Gazette, defines cryptocurrencies as…
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Japan’s Financial Watchdog Sets Out New Requirements for Crypto Exchanges
Japan’s financial watchdog, the Financial Services Agency (FSA), has laid out yet further regulatory stipulations for domestic crypto exchanges, Cointelegraph Japan reports today, May 6….
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UAE Warns Investors Not to Deal with Financial.org
The United Arab Emirates’ securities regulator on Wednesday warned investors not to deal with Financial.org, an unregulated British company that has attracted investors from countries across Asia and the Gulf….
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Ontario Securities Commission Gathering Info on Cryptocurrency Trading Platform After Complaints
The Ontario Securities Commission said Friday it is gathering information on several cryptocurrency trading platforms after it received a number of complaints…..
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Finra Finds Women Still Trail Men In Financial Literacy
It’s the single most critical factor in wealth accumulation, retirement success and financial independence. So it’s frightening that women continue to consistently lag men on financial and investor literacy scores in all generations—among boomers, Gen Xers and millennials….
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IOSCO seeks to protect senior investors from financial fraud, unsuitable investments and other risks – 12 Mar 2018
The Board of the International Organization of Securities Commissions has published today a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection…
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ASIC has Released the National Financial Literacy Strategy Annual Highlights Report 2016-17
Today marks the end of the first World Investor Week, organized by the International Organization of Securities Commissions (IOSCO) and its members. This week-long global campaign ran from October 2nd through October 8th and revolved around the importance of investor education and protection…
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The SEC Just Made it Clearer that Securities Laws Apply to Most Cryptocurrencies and Exchanges Trading Them
The U.S. Securities and Exchange Commission is looking to apply securities laws to everything from cryptocurrency exchanges to digital asset storage companies known as wallets….
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How to Avoid Crypto, Bitcoin Pump and Dump Scams
It was only a matter of time. Traditional swindlers have discovered cryptocurrencies. They are using their old techniques to fleece new investors. The most recent warning comes from the U.S. Securities and Exchange Commission (SEC) and…
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OSC Investor Alert: Bitcoin Multi-level Marketing Scheme – 15 Feb 2018
TORONTO – The Ontario Securities Commission (OSC) is warning investors that USI Tech Limited (USI Tech), Eleanor Parker and Casey Combden are not registered to sell securities in Ontario…
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SGX, Bursa Trading Link ‘Benefit Retail Investors’
The proposed link between the Singapore and Malaysia stock markets could spark interest among retail investors and potentially lift securities revenue for the Singapore Exchange (SGX), according to DBS Group Research….
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Cryptocurrencies are like Ponzi Schemes, World Bank Chief Says
The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin. “In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at…
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SEC Halts One of The Largest ‘ICOs’ Ever as It Wades Deeper Into the Murky World of Cryptocurrency Offerings
The U.S. Securities and Exchange Commission announced Tuesday it has obtained a court order to halt and freeze the assets of what is likely the largest initial coin offering ever. The complaint was filed in Dallas, Texas, on Thursday and …
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Hong Kong Plans TV Ad Campaign to Warn Against ICO and Crypto Investments
Most financial authorities worldwide have warned their citizens on the risks of buying bitcoin or investing in ICOs, but Hong Kong is going a step further. Concern is such in the country that authorities are taking to TV and other media to warn…
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P2P Lending Platform Funding Societies Hits S$100M in Crowdfunded Loans
Peer-to-peer lending platform Funding Societies announced Tuesday that it has surpassed $100 million in total crowdfunded loans for small and medium enterprises (SMEs) across Singapore, Indonesia and….
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Bitcoin, Other Cryptocurrencies Tumble on Govt Crackdown
Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies….
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South Korea Plans to Ban Cryptocurrency Trading, Rattles Market
The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police …
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ASIC has released the National Financial Literacy Strategy Annual Highlights Report 2016‑17
The Report paints a national picture of financial literacy programs and initiatives delivered by a wide range of organisations across the government, education, industry and community sectors in support of the National Financial Literacy Strategy, led…
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IOSCO Concludes World Investor Week 2017 Education and Protection of Investors Brought to the Attention of the Global Public – 8 Oct 2017
Today marks the end of the first World Investor Week, organized by the International Organization of Securities Commissions (IOSCO) and its members. This week-long global campaign ran from October 2nd through October 8th and revolved around the importance of investor education and protection…
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Global Markets Watchdog Issues Warning on initial Coin Offerings
Initial coin offerings (ICOs) are highly speculative and raise investor protection concerns, global securities regulatory body IOSCO said on Thursday. Start-ups have begun issuing new digital currencies via ICOs, also known as …
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