FINRA Fines Ex-Merrill Lynch Investment Adviser Over Crypto Mining Sideline

U.S. self-regulatory organization, the Financial Industry Regulatory Authority (FINRA), has fined and suspended an investment adviser over undeclared cryptocurrency mining activities. According to a letter of acceptance, waiver and consent published by FINRA on June 10, Kyung Soo Kim had been working at Merrill Lynch and was registered with the watchdog as a general Read more…

China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants

Government authorities in China’s Sichuan province are reportedly probing into local bitcoin mining farms that have allegedly been constructed without official approval. A state-owned newspaper in Sichuan published a front-page article on Thursday saying the land-resource bureau in Sichuan’s Garze county has found bitcoin mining farms with no prior approval built Read more…