The attempts to take control of the anarchist sphere of cryptomarket are still ongoing.

The need for such control is periodically heated up by reports of money earned by not too honest means, the volume of which is calculated in impressive numbers.

So last week, Russian Alexander Vinnik, who was arrested in Greece on suspicion of laundering $ 4 billion through the BTC-e crypto exchange, admitted to Russian law enforcement agencies of fraudulent activities on the territory of the country. Vinnik decided to admit that in the period from 2011 to 2017, as a result of his fraudulent actions using access to the btc-e.com exchange, namely through money laundering, an unspecified group of Russian citizens suffered material damage amounting to 750 million rubles. Vinnik's Greek lawyer Ilias Spirliadis explained that the full confession can become the basis for Russia's new request for the extradition of its citizen to it. Earlier in May, Alexander Vinnik refused to deal with the US authorities, who offered him a minimum prison sentence in exchange for confession. At the beginning of the year, the employees of the Greek prison prevented an attempt on Vinnik, which could be related to his testimony to Russian investigators about a number of crimes in the sphere of financial technologies. As it was possible to establish, the trail of the customer leads to Russia.

In the meantime, according to Bloomberg, the US Justice Department has initiated an investigation to determine the possibilities of manipulating the rates of crypto currency by investor traders. The investigation is conducted jointly with the Commodity Futures Trading Commission (CFTC). It is designed to identify illegal practices that can be used to manipulate courses of crypto-currency. So-called spoofing is in focus. The essence of it is to put a large number of applications for the purchase / sale of assets without the intention to make transactions and the subsequent cancellation of these applications before their execution.

The purpose of spoofing is to gather information about demand and supply, attract market participants attention, create an artificial impression of trading activity, "growing" demand and price movement of the asset. According to the participants in the investigation, spoofing could, in particular, have a significant impact on the blue-chip prices of the crypto-currency market, including bitcoin and Ethereum. The US authorities are concerned about the machinations of the digital assets market. In particular, they are not sure how actively the exchanges are fighting with supporters of illegal practices in the crypto currency market.

At the other side of the world, in Singapore, local crypto-exchanges issued a warning about the inadmissibility of trading in futures contracts and digital tokens with the properties of securities without proper authorization from the regulator. Representatives of the Monetary Authority of Singapore (MAS) note that if the tokens traded on Singapore exchanges have properties that allow them to be classified as assets subject to the Securities and Futures Act (SFA), the trade in such coins must be immediately terminated before authorization is obtained regulator, which makes it possible to work as an authorized financial market operator.

In addition, local organizers of initial coin offerings (ICO) have also been warned about the inadmissibility of raising funds in Singapore. According to the regulator, ICO-tokens are equity instruments in the assets of companies, and therefore fall within the scope of SFA. "The number of exchanges of digital tokens and offers of coins in Singapore is growing rapidly. We do not see the need to hinder their activities, if they are honest companies. However, if any exchange of digital tokens, the issuer or intermediary violates our securities laws, MAS will take drastic measures, "the agency's representatives promised.

 

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