U.S. Financial Watchdogs- SEC and CFTC Pin Down a Swiss-based Bitcoin-linked Securities Dealer

  • Nov 03, 2019 AEDT
  • Team Kalkine

The United States financial watchdogs crackdown on First Global Credit- a Swiss-based bitcoin-linked securities dealer.

  • The United States Securities and Exchange Commission along with the Commodities Futures Trading Commission, filed a cease-and-desist order.
  • As per the media sources, the Swiss-based securities dealer allegedly fetched investment from the U.S. investors without registration with the respective agencies.
  • The watchdogs issued a fine of USD 200,000 on the company.


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