Bitcoin’s Skyrocketing Price Trigger Regulatory Warnings, Exchanges Raided

Written by:
Guest
Published on:
Dec/13/2017

Bitcoin’s skyrocketing price has triggered a wave of warnings from regulatory institutions including The European Central Bank (ECB) .

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged India’s government to take legislative action against bitcoin.

Investigators from the income tax department of India have conducted onsite searches at the offices of the country’s top nine bitcoin exchanges early on Wednesday morning, Bitcion.com News reported.

Offices in Delhi, Bengaluru, Hyderabad, Kochi, and Gurugram were targeted.

From Bitcoin.com:

The teams of detectives are said to be armed with various financial data and inputs about the workings of the exchanges. Reports called this the first big action against the exchanges operating in the country, suggesting that more is to come.

The Hong Kong Securities and Futures Commission (SFC) have also been prompted to warn traders of the risks posed by trading unregulated Bitcoin futures markets.

Crypto-currencies make up as much as 40% of all transactions at online gambling websites operating in so-called “grey markets”.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further.  How about a FREE week per month FOR LIFE?

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality. 

Syndicate

Subscribe to Syndicate
More