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Trump previously promised to establish a “strategic national Bitcoin stockpile” at the Bitcoin 2024 conference in Nashville, Tennessee. Trump told the audience during his keynote speech:
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“The FCA continues to warn people that if you buy crypto, you should be prepared to lose all your money,” the regulator said in its statement. “Crypto remains largely unregulated in the UK and is high risk.”
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The FCA said it visited 38 locations and took down 30 machines, and the number of crypto ATMs advertised on the Coin ATM Radar website went from 80 in 2022 to zero this year.
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Osunkoya’s sentence comes after a 2023 FCA blitz with local police agencies across the country to weed out illegal crypto ATMs.
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“Your actions were deliberate and carefully planned,” Judge Perrins added. “It cannot be said that it is a mere regulatory breach.”
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“Your decision to continue to operate illegally was an act of deliberate and calculated defiance to the regulator,” said Judge Gregory Perrins in sentencing the 46-year-old Osunkoya at Southwark Crown Court in London.
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Osunkoya was also sentenced for forgery for creating four bank statements to pass a source of wealth check at a crypto exchange, using a fake identity to spin up a company under an alias and possessing criminal property — 19,540 British pounds ($24,567) in cash obtained by running the illicit ATMs.
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It added that memecoin buyers and holders wouldn’t be protected by US securities laws but said the fraudulent offer and sale of memecoins “may be subject to enforcement action or prosecution by other federal or state agencies.”
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Online sleuth ZackXBT warned users to stay away from the page and not to interact with any links posted by the compromised social media account.
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Hong Kong investment firm HK Asia Holdings saw its stock price surge by 93% after buying just one Bitcoin. That’s not a bad return for buying Bitcoin around 12% from its all-time high.
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https://warpcast.com/b43458640/0xa621b510
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https://warpcast.com/b43458640/0xba73897a
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He emphasized that while Europe has adopted the Markets in Crypto-Assets Regulation (MiCA) to protect investors, the United States continues to regulate crypto on a case-by-case basis depending on whether assets are classified as securities.
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According to Panetta, the crypto ecosystem is under global regulatory scrutiny due to risks including money laundering and financial stability concerns.
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The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the firm behind the open-source Helium Network, just days before SEC chair and known crypto critic Gary Gensler steps down as chair on Jan. 20.
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Rao noted that the top 10 holders own 89.06% of the supply, and there’s no clarity on the liquidity pool burn status. “Interestingly, the token was launched in an Asian morning time zone. It feels like this is just a way for Trump to make money,” he said.
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Prediction markets work by letting users trade contracts tied to specific events, with prices fluctuating dynamically based on expected outcomes. Polymarket’s projected ETF listing odds increased to approximately 84% as of Jan. 2, according to its website.
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BPCE’s cryptocurrency subsidiary, Hexarq, has obtained a crypto asset service provider (CASP) authorization, according to an official AMF notice issued on Dec. 20.
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Speaking on the Unchained Crypto podcast on Dec. 7, Digital Chamber president Cody Carbone said Trump may look to establish his control over the agency even further by nominating an independent to the five-person board — potentially making it a four-to-one ratio of Trump-aligned commissioners.
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On Dec. 4, Trump tapped Atkins as his choice for the next chair of the SEC. Pundits expect Congress to confirm Atkin’s appointment sometime between March and April 2025, depending on how quickly the Senate Banking Committee can act.
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