Published 2 years ago

Czech regulators tread softly on crypto oversight

Summary by Ground News

A suspected scam in the Czech Republic is prompting calls for regulators to take a hot new crypto product more seriously. Some critics say regulators are partly to blame because they've been unwilling to take on the extra work of supervising digital assets. But the bigger issue is that the watchdogs have no effective authority at all because those assets aren't defined as "securities"

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Politico Europe

Czech regulators tread softly on crypto oversight

PRAGUE — In the Czech Republic, a suspected scam is prompting calls for regulators to take a hot new crypto product more seriously.When a high-profile ad campaign run by a company named Xixoio began promising huge returns to small investors last autumn, some in the media and fintech world questioned whether the claims were too good to be true. But authorities were powerless to do more than issue warnings.There are “risks associated with offers o…

2 years ago

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