New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s...
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ Herald, New Zealand’s financial watchdog is concerned about the latest “rollercoaster move” seen in the bitcoin (BTC) price. “Cryptocurrencies are not regulated in New....
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Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.” Proliferation of Scams According to a report that quotes Wilson Uwujaren, the EFCC spokesperson, the law enforcement agency is alarmed by “the rate at which Nigerians sent them petitions on fraudulent investments.” Meanwhile, the spokesperson also bemoans....
Extortionist group DD4BC appears to be connected to a new wave of distributed denial of service (DDoS) attacks against organizations in Switzerland, New Zealand and Australia. With the new attacks, the group is seeking 25 BTC from affected parties in exchange for relinquishing the flood of inbound data is issues that renders recipient websites inaccessible. Most recently, DD4BC was named in an 8th May warning published by the Swiss Governmental Computer Emergency Response Team (GovCERT), a division of MELANI, a national agency focused on cybersecurity issues. The warning read: "In the past....
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog, the Financial Conduct Authority (FCA), has said it asked cryptoasset service providers that operate crypto ATMs to “shut their machines down or face enforcement action.” The watchdog insisted that since none of the crypto firms that it....
Poland Authorities have come up with their aggression against the most known cryptocurrency exchange Binance. The country’s watchdog for financial activities has issued a warning to the public against dealing with the cryptocurrency exchange. According to regulators, the exchange is facing lots of regulatory issues globally, and as a result, consumers should be wary of […]
Extortion for Bitcoin has become more and more common within the United States, with families, businesses and even police departments under attack. Anywhere from a couple of bitcoins to one hundred or more are demanded. The problem has been domestic, but now other major Bitcoin markets like Australia and New Zealand are feeling the effects of those desperate enough for Bitcoin that they turn to a life of crime. A scourge of DOS attacks has hit the region, according to ZDNet. Extortion in Australia by an Unknown Group. The identity of the group or its participants is unknown at this time,....