The biggest scams in the cryptocurrency ecosystem in 2020

This article was published in French on February 28th, 2021: https://www.cointribune.com/actualites/les-plus-grands-scams-de-lecosysteme-crypto-en-2020/  Although cryptocurrencies are revolutionizing traditional financial systems, they are also used for scams such as Ponzi schemes, ransomware and high-yield investments. Take the well-known example of PlusToken. This Ponzi pyramid allowed its creators to steal several billion in crypto »

FinCEN proposed crypto rules: foreign accounts holding crypto would be reportable on the FBAR; crypto exchanges would identify personal wallets – Both should undergo further review by the new administration though

If you are a US person holding assets worth more than $10,000 (including cryptocurrencies) overseas, you may be concerned with this topic. If you are a US bank or money service business dealing with cryptocurrencies, you may be concerned as well.   Key takeaways: In a recent notice, FinCEN proposed to »

Comment obtenir l’agrément PSAN auprès de l’AMF ?

Le développement du marché des crypto-monnaies amène les entreprises à développer des services autour de ces actifs numériques pour satisfaire les besoins des investisseurs et consommateurs. De fait, les régulateurs du monde entier cherchent désormais à garantir un cadre légal afin de protéger les investisseurs et d’empêcher la fraude, le »

5 days after the Harvest Finance Hack: what we know so far

Early Monday, the decentralized finance (DeFi) protocol Harvest Finance was exploited by an unknown attacker, who drained about $25 million in value and swapped for renBTC (rBTC). This incident has risen again and even heated the debate on whether this kind of flash loan-based arbitrage attacks are really “hacks”. Technically, the »