Category: crypto assets

SEC Warns Against Including Crypto Assets in Retirement Accounts

February 9, 2023
Business & Marketscrypto assetscrypto exchangecrypto regulationscryptocurrencyeconomic policieseconomyMarketsretirement fundsSEC alertUSUS News
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The U.S. Securities and Exchange Commission (SEC) has warned Americans over the risk of including assets like cryptocurrencies in their self-directed individual retirement accounts (IRAs) as well as unregulated trading platforms posing as exchanges. Some self-directed IRAs offer investment in crypto assets like tokens, coins, and virtual currencies. Such assets “may be securities that are…

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Bahamas Regulators Hold $3.5 Billion Worth of FTX Customer Assets

December 30, 2022
AmericasBusiness & MarketsCompaniesCrime and Incidentscrypto assetsCrypto Exchange FTXcryptocurrencycustomer lawsuitMarketsSam Bankman-FriedUSWorld
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Regulators in the Bahamas are holding on to $3.5 billion worth of FTX assets that it claims are intended to be transferred to those who were monetarily affected by the crypto-fallout as customers of the company have filed a lawsuit to get their dues prioritized. After crypto exchange FTX filed for bankruptcy in November, around…

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Crypto Investments Are Extremely Risky: Australian Stock Exchange Regulator Warns

September 12, 2022
AustraliaBusiness & Marketscrypto assetscryptocurrencyInternationalInvestmentMarketspersonal financeUSWorld
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The Australian Securities and Investments Commission (ASIC) has called on the Australian people to take precautions and equip themselves with knowledge of the risks associated with crypto asset investments. Speaking at a Governance Institute conference on Sept. 12, ASIC commissioner Sean Hughes said the stock exchange regulator wanted new investors to be aware that investing…

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