22 September 2017

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GFSC warns against ICOs, considers additional regulation for token sales

The financial regulator of Gibraltar, the Gibraltar Financial Services Commission (GFSC) has published a warning in respect of token sales. Similar to other authorities around the globe, Gibraltar, too, warns investor to be cautious when investing in Initial Coin Offerings (ICOs). The GFSC is introducing a new regulatory framework for DLT, which will become operational …

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European watchdogs provide guidance to prevent terrorist financing and money laundering in electronic fund transfers

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These guidelines are part of the ESAs’ wider work on fostering a consistent approach to Anti-Money Laundering and Countering the Financing of Terrorism …

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