"Securities" forms a cross-border team to combat international fraud in crypto
The U.S. Securities and Exchange Commission (SEC) announced the formation of a new cross-border task force to address international fraud issues, including fraud related to cryptocurrencies.
The authority stated in its press release that the team will initially be tasked with investigating potential violations of federal securities laws by foreign companies, in addition to tracking market manipulations such as pump and dump schemes and ramp and dump schemes, where misleading rumors are used to artificially inflate the price of an asset before collectively selling it, leaving individual investors with significant losses.
The SEC emphasized that these schemes pose a particular threat to individual traders, especially in the cryptocurrency market, warning against engaging in suspicious investments, while providing them with guidance to identify them.
The authority added that the task force will not hesitate to pursue violators, while also focusing its efforts on regulatory bodies such as auditors and underwriting companies that assist foreign companies in entering the U.S. capital markets.
Source: Statement from the U.S. Securities and Exchange Commission
Firstly ...
They wouldn't need that if everyone was linked in a single ledger or a single international blockchain
Do you know why we need an international blockchain?
So that coordination can be achieved with everyone under one set of rules and regulations
KYC
KYB
AML
Later KYG
Know your government
Know your government
To stop government manipulation in encryption and hold the government accountable which does not comply with the digital, social, and commercial charter
and transparency and governance of communities
Secondly ...
Do you know why I told you that U.S. laws and regulations will apply to all countries?
Therefore, the world is awaiting the regulatory clarity law for digital assets from the U.S. Senate
Thirdly ..
Many countries will not cooperate with the U.S. Securities and Exchange Commission's task force
To maintain its sovereignty
And for other reasons
The world needs a single platform
Everyone in the pay and the pay for everyone
#الإقتصاد_الجديد
#محمد_متولى
