• The CFTC levied $205 million in fines. And focused on cryptocurrency. Not sayin' they're related, but... (Marco Verch via Flikr, CC BY 2.0).
    The CFTC levied $205 million in fines. And focused on cryptocurrency. Not sayin' they're related, but... (Marco Verch via Flikr, CC BY 2.0).
    Regulation

    CFTC recoups $1.3 billion, calls crypto policing major goal

    The Commodity Futures Trading Commission’s Enforcement Division assessed $205 million in fines, covering 80% of the agency’s FY 2019 budget as it focused on cryptocurrency.

    December 3, 2019 /

    The Commodity Futures Trading Commission’s Enforcement Division paid for itself four times over in fiscal year 2019. In fact, the $205 million in fines it assessed covered 80% of the agency’s $249 million total budget. The division also said policing digital assets had become one of its main goals. While it didn’t break down how much of that came from cryptocurrency and digital assets cases...

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  • If a guy in a shirt and tie is pointing to a magical electronic pyramid in the air while on a cell phone, chances are it's a Ponzi scheme and you should run away (via Shutterstock).
    If a guy in a shirt and tie is pointing to a magical electronic pyramid in the air while on a cell phone, chances are it's a Ponzi scheme and you should run away (via Shutterstock).
    Bitcoin,  United States

    CFTC says investors were duped by a $47 million Ponzi scheme

    Control-Finance Ltd promised returns of 45% a month that were backed up by fictitous accounts, complaint alleges

    June 19, 2019 /

    The Commodity Futures Trading Commission (CFTC) is seeking the return of nearly 23,000 bitcoin (BTC), then valued at $47 million, as well as a fine plus the barring the principals of UK-based Control-Finance Ltd. from trading.

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