South Africa's financial regulator issues warning against Binance
South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance. In a statement issued on Friday, the FSCA stated that Binance Group, an “international company” domiciled in Seychelles, was not authorized to render financial services in the country. Binance is indeed headquartered in The Cayman Islands […]
Southern China warns investors against illegal token platforms
Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto or blockchain-themed illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China, the central bank of the country, and the local financial supervision authority were among […]
UAE authority issues warning about Dubai Coin
As a tech-friendly region, Dubai is never short of new and promising projects, including crypto and blockchain, but the influx of new cryptocurrencies makes it harder for newcomers to distinguish shady campaigns from reliable ones. The Dubai Media Office announced that the authorities have never approved a digital currency named Dubai Coin, which saw a […]