Regulator Alerts

FCA Warns About the Risks of Initial Coin Offerings (‘ICOs’)


UK financial regulator The FCA issued a formal consumer warning about the risks of Initial Coin Offerings, or ICOs. What are ICOs? The term ICO refers to a digital way of raising funds from the public using a virtual currency, also known as cryptocurrency. An ICO can also be known as ‘token sale’ or ‘coin sale’. ICO issuers accept a ...

Read More »

Japan’s FSA issues warning against Cypriot broker X Global Markets

It is not a rare occurrence for Japanese financial regulators to act against companies that are authorized in overseas jurisdictions, however lack the necessary regulation in Japan and target Japanese investors. X Global Markets Ltd, a Forex broker authorized as a Cyprus Investment Firm (CIF), has made it to the Warning List of Japan’s Financial Services Agency (FSA), as the ...

Read More »