William Koo Ichioka, a New York resident, has been fined over $36 million and sentenced to 48 months in prison for orchestrating a fraudulent cryptocurrency and forex investment scheme that promised guaranteed returns. The Commodity Futures Trading Commission (CFTC) led the case, revealing that Ichioka’s deceptive practices, which ran from 2018 to 2021, involved luring… Continue reading New York Resident William Koo Ichioka Fined $36 Million for Crypto Fraud
Category: Cryptocurrency
Australia Looking for Control Cryptocurrency Startups and Exchanges with Mandatory Financial Services License Requirement
Australia is poised to introduce new regulations mandating crypto firms to secure financial services licenses under the Corporations Act. The Australian Securities and Investments Commission (ASIC) will soon release draft guidelines, clarifying which crypto assets are considered financial products and thus require licensing. This move comes amid growing concerns about consumer protection, market misconduct, and… Continue reading Australia Looking for Control Cryptocurrency Startups and Exchanges with Mandatory Financial Services License Requirement