The Metropolitan Police Department announced on January 14 that eight men were arrested on suspicion of violating the Financial Instruments and Exchange Act (unregistered sales) . According to the site, eight men are said to be employees living in Minato-ku, Tokyo, six people generally approved, and two seem to deny.
The suspects were asked to invest in the US investment company “Senar” unregistered for 9 males and females in the Tokyo metropolitan area female aged 72 and age 40 to 72 in the past two or five years. Nine said that they handed over 29 million yen in cash to the suspects with the Bitcoin payment nominal in the cryptocurrency.
A person in charge at the agency says, “Depending on the actual state of the investment system, investment in the cryptocurrency is considered to be subject to regulation” , but there seems to be no current line. At the end of October this year 73 people seem to have sued the Tokyo district court for damages of about 370 million yen to solicitants.
Due to the decline of the cognitive layer of the cryptocurrency, fraud and other things have increased with the term “cryptocurrency” . There seems to be much possibility of being caught in the future.
Article Source: https: //www.asahi.com/articles/ASLCF7TKVLCFUTIL04Q.html
Author: yusuke – Source Post: https://crypto-times.jp/no-regulation-money/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.
It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.