Reddit Posts
Ralph boschung Will be using a interesting livery for the F2 2022 season [cross post and had to share because this is one of the bolder FIA crypto sponsorships]
My country has banned crypto and i think they are making big mistake
Binance Ready to Share Information With FIA on $100 Million Bitcoin Scam
Binance offering full support and appoints investigative team to liaise with FIA in an investigation involving a multi-million dollar crypto scam
Pakistan's FIA issues notice to cryptocurrency exchange Binance
Pakistan’s FIA sends notice to global crypto exchange Binance in alleged $100-million scam
Performance of the Crypto Market Week 2 2022
Pakistan’s FIA sends notice to global crypto exchange Binance in alleged $100-million scam
FIA summons Binance representative in multibillion crypto scam
Mentions
Out of the DAM Subcommittee Member appointments, there are three from crypto space: 1. Crypto.com 2. Polygon Labs 3. Uniswap Labs Any other I missed? **Digital Asset Markets Subcommittee (DAMS) Member appointments:** |DAMS Member|Firm|Title| |:-|:-|:-| |Tuongvy Le|Bain Capital Crypto|Partner and Head of Regulatory & Policy| |Matt DeCicco|BlackRock|Director, Global Head of Commodities| |Caroline Butler|BNY Mellon|Global Head of Digital Assets| |Catherine Clay|Cboe Global Markets|Executive Vice President, Global Digital and Data Solutions| |Perianne Boring|Chamber of Digital Commerce|CEO| |Giovanni Vicosio|CME Group|Global Head of Cryptocurrency| |Christopher R. Perkins|CoinFund|President| |**Steve Humenik**|**Crypto.com**|**Senior Vice President, Global Head of Derivatives and Head of Legal for the Middle East & Africa**| |Sheila Warren|Crypto Council for Innovation|CEO| |Yuval Rooz|Digital Asset|Co-Founder and CEO| |Chris Zuehlke|DRW|Partner and Global Head, Cumberland| |Jennifer Peve|DTCC|Managing Director, Global Head of Strategy & Innovation| |Matt Haraburda|FIA Principal Traders Group|President, XR Trading| |Tom Jessop|Fidelity Digital Assets|President| |Sandy Kaul|Franklin Templeton|Senior Vice President, Head of Digital and Industry Advisory Services| |Jason Urban|Galaxy Digital|Global Head of Trading| |Allison Parent|GFMA|Executive Director| |Sandra Ro|Global Blockchain Business Council|CEO| |Lee Brenner|Goldman Sachs|Head of Public Policy, Digital Assets| |John O'Neill|HSBC|Global Head of Digital Assets Strategy| |Jennifer Ilkiw|ICE|President, ICE Futures U.S.| |Scott Lucas|JPMorgan Chase & Co.|Managing Director, Head of Markets DLT| |Nicole Valentine|Milken Institute|Director of the Milken Institute’s Fintech Program| |Fabian Astic|Moody’s Corporation|Managing Director, Global Head of Decentralized Finance & Digital Assets| |Tony Sio|Nasdaq|Vice President, Head of Regulatory Strategy and Innovation| |Lauren Brinati|NFA|Chief Strategy and Risk Officer| |**Rebecca Rettig**|**Polygon Labs**|**Head of Policy**| |Nadine Chakar|Securrency, Inc.|CEO| |Thomas Sullivan|Societe Generale|Managing Director, Head of Market Access & Product Development for Digital Assets| |Kathy Kraninger|Solidus Labs|Vice President, Regulatory Affairs| |René Michau|Standard Chartered|Global Head, Digital Assets| |Adam Minehardt|Stellar Development Foundation|Head of U.S. Government Relations| |Anton Katz|Talos|CEO| |Chris Bruner|Tradeweb|Chief Product Officer| |**Marvin Ammori**|**Uniswap Labs**|**Chief Legal Officer**|
Financial Institution A (FIA) wants to send Financial Institution B (FIB) 100 billion dollars in Bitcoin. Do you verify ever character one by one on the send address? And how many times? One slight mistake and wow. Even a bigger sorry than SBF. What developers need to do, for extremely large transactions is a receive verification method. FIA sends authentication or test send (no coins get sent). FIA gives FIB a 6 digit code (by voice or some secure method). When the correct 6 digit code is entered in the receiving end, the coins get sent. This ensures correct send address on all very large transactions. A security feather that institutions would pay extra for.
I also find it funny that people are like the US is pushing people away, yeah that's why mostly everyone in this sub is worried about how much their BTC or ETH is worth in relation to the dollar so they can become rich with FIA rather than using BTC or ETH as a currency.
Bro... Another one??? I hoped these shams were ruled out by now. They probably sold their stock for FIA currency and now are left in debt. NOT YOUR PROPERTY
tldr; Blockchain platform Algorand and Envision Racing have launched a series of NFTs to tie in with the ABB FIA Formula E electric race series. Each NFT depicts a helmet representing one of the eight locations hosting an ABB Formula E race. Proceeds from the sale will go towards planting trees in Madagascar as part of a climate change campaign. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
**[Jump Trading](https://en.wikipedia.org/wiki/Jump_Trading)** >Jump Trading LLC is a proprietary trading firm with a focus on algorithmic and high-frequency trading strategies. The firm has over 700 employees in Chicago, New York, Austin, London, Tel Aviv, Singapore, Shanghai, Bristol, Gurgaon, Gandhnagar, Sydney, Amsterdam, Hong Kong, and Paris and is active in futures, options, cryptocurrency, and equities markets worldwide. The company is a member of the Principal Traders Group, an advisory group formed by the Futures Industry Association (FIA) to represent principal traders (i. e. ^([ )[^(F.A.Q)](https://www.reddit.com/r/WikiSummarizer/wiki/index#wiki_f.a.q)^( | )[^(Opt Out)](https://reddit.com/message/compose?to=WikiSummarizerBot&message=OptOut&subject=OptOut)^( | )[^(Opt Out Of Subreddit)](https://np.reddit.com/r/Bitcoin/about/banned)^( | )[^(GitHub)](https://github.com/Sujal-7/WikiSummarizerBot)^( ] Downvote to remove | v1.5)
So you can mine however don't do it openly first of all. Like by court Crypto is a legal right and in case they try to fuck you over you just say you are doing it for research purposes on the other hand if FIA tries to fuck with you. They can't really unless you are running a p2p business that is illegal or laundering money. I'm just telling you to keep low cause its better that way. Ik loads of people mining rn in Pakistan and making a lot of money. It is currently legal to own or mine crypto.
tldr; Pakistan's Federal Investigation Agency (FIA) is planning to block websites that deal in cryptocurrencies. The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites. Earlier this year, the agency reportedly launched an investigation into Binance, which is part of ongoing investigation of suspected fraud carried out by some deceitful groups using the exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Pakistan's Federal Investigation Agency (FIA) Director General Sanaullah Abbasi has said that the agency will approach the Pakistan Telecommunication Agency (PTA) to block cryptocurrency websites in an attempt to curb fraud and crypto money laundering. Abbasi added that the legal experts would also be approached to deal with issues related to cryptocurrencies including fraud and money laundering cases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Pakistan's Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. FIA Director-General Dr Sanaullah Abbasi said the agency will approach the Pakistan Telecommunication Authority (PTA) to block crypto websites to prevent fraud and money laundering. The FIA recently initiated a probe into a massive financial scam after 11 apps linked to cryptocurrency exchange Binance stopped working. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It's good to see that Binance is ready and willing to cooperate with the FIA in their investigation of the $100 million Bitcoin scam. I'm sure that their information will be helpful in finding and bringing the perpetrators to justice.
tldr; Pakistan's FIA has issued an order of attendance to Hamza Khan, the general manager/growth analyst at Binance Pakistan, to explain his position on the company's linkage to "fraudulent online investment mobile applications", FIA Cyber Wing (Sindh) said in a press release. Khan has been issued with an order to appear before FIA's Cyber Wing to explain the link between Binance and fraudulent online investments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
\*If you like these posts and want more weekly news content, don't be shy to drop a follow. Weekly News Update - January 2 - January 9, 2022 \ \*\*Bullish Update\*\* \- PayPal could now be working on a new stablecoin to offer solutions to its clients. In a recent report released by Bloomberg, the company says that it would work with regulators before the official launch of this token. \- Samsung opens virtual store in Decentraland's Metaverse. Dubbed Samsung 837X, the virtual store is modeled on the company’s flagship physical store located at 837 Washington Street in New York City. \- El Salvador Finance Minister Reports Bitcoin Bond Bills to be Submitted to Parliament. The bills are intended to provide legal certainty for investors. Investors have already committed $300M to the bonds. \- According to a senior government official, the upcoming crypto regulations under review in the Turkish Parliament do not include a 40% tax on crypto. \- Andreessen Horowitz – a leading venture capital firm and a prominent investor in the cryptocurrency space – has raised a fresh $9 billion to further its involvement in the growing industry. \- New York City’s Mayor Reaffirms: Will Get His First Three Checks in Bitcoin. Prior to him, down south in Florida, Miami’s mayor – Francis Suarez, already announced he will receive his salary in BTC. \- The video game retailer GameStop is reportedly getting into the nonfungible token (NFT) business. \ \*\*Bearish Update\*\* \- Cryptocurrencies continue to face a turbulent week after Bitcoin dipped below $43,000 on Thursday, further worsening a situation that has been at play for over 2 months. \- The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry. \- Market Sees Over Half A Billion Dollars In Crypto Liquidations As Bitcoin Traders Prepare For The Worst. \- Bitcoin Fear And Greed Index Has Dipped To Lows Not Seen Since July. source \- Kosovo, a partially recognized state in Southeast Europe, confiscated 272 different ASICs that were used for mining Bitcoin. source \- Customers Struggle to Withdraw Assets From Hong Kong Crypto Exchange Coinsuper. The furor surrounding the affair may contribute to calls for greater regulatory oversight in Hong Kong. source \- Scammers loot over $100 million from Pakistani investors via fake Binance-themed apps. In an unprecedented move against the crypto industry in Pakistan, the Federal Investigation Agency (FIA) issued a notice to Binance’s Pakistani agent in relation to an internet scam involving millions of dollars. \- Thai taxpayers making money off cryptocurrencies will have to pay a 15% capital gains tax this year. While there will be exemptions for exchanges, there won’t be any exemptions for retail investors or mining operators. \ \*\*Market Update\*\* \- The combined bitcoin and cryptocurrency market has lost around $1 trillion since November in a crypto price crash that's caused turmoil for traders. \- In the first week of 2022, the market has lost about $230 billion from $2.25 trillion as of December 31, 2021, to $1.9 trillion on January 7, 2022. \- The market took a nosedive Wednesday after the Federal Reserve announced its plans to hike interest rates. This update was notable as it indicated that the cost of borrowing money would likely become more expensive as the Fed attempts to get a hold over inflation. In such environments, risk-on assets like stocks tend to suffer. As this week proved, crypto also tends to take a blow under such conditions. \- Bitcoin took another big hit this weekend as it tumbled from $42,000 to around $40,600. Ethereum also plummeted to just above $3,000. The $40,000 and $3,000 levels are notable as they act as key psychological milestones for both assets. The two leading crypto assets have since recovered to around $41,800 and $3,130, but most lower cap coins haven’t fared so well. \- The 'Fear and Greed Index' is a crypto indicator that measures the general sentiment among investors in the market. The indicator has now dipped to a value of 15. This is the lowest the metric has gone since July of the previous year. This points to 'extreme fear' in the market.
Im sure some top officials lose money in Pakistan, as well. Below is the text of article. Pakistan’s Federal Investigation Agency (FIA) has issued a notice to the world’s largest cryptocurrency trading platform Binance in connection to an alleged crypto scam worth nearly $100 million in the country. According to the notice and subsequent press release issued by Karachi-based FIA, the agency said “On Monday 20th of December, people from all over Pakistan started contacting FIA Cyber Crime Sindh through social media and disclosed about at least 11 mobile applications namely MCX, HFC, HTFOX, FXCOPY, OKIMINI, BB001, AVG86C, BX66, UG, TASKTOK, and 91fp that these applications have stopped working over a period of time and have defrauded Pakistani people of billions of rupees.” “The Federal Investigation Agency Cyber Crime Sindh’s action on 11 online investment apps integrated with @binance. The apps defrauded Pakistanis with about 100 million $. A letter has been sent to Binance as well as notice to GM Binance Pakistan,” Imran Riaz, Head of Cyber Crime Zone, Sindh, FIA tweeted on Friday. FIA had sent a questionnaire to Binance headquarters at the Cayman Islands and Binance US asking conditions under which permission was granted to these apps/companies to get linked with Binance exchange apart from other details. An ‘Order of Attendance’ was also issued the Binance Pakistan’s General Manager/Growth Analyst Hamza Khan to explain his position on the linkage of “fraudulent online investment mobile applications with Binance.” Each application had on average 5,000 customers with HFC reportedly having a maximum of 30,000 customers, the agency said adding that the reported range of investment per person was from 100 USD to 80,000 USD with an estimated average of 2,000 USD per person, thus making the estimated scam stand at nearly 100 million US dollars. Binance in a tweet on Friday said, “We do not comment on specific matters with regulatory and law enforcement authorities. However, as a matter of policy, our general approach is to cooperate with investigations wherever possible. Specifically, Binance tries to work closely with the law enforcement and regulatory community in an effort to develop best practices, mitigate and thwart new methods of criminality and prevent illicit proceeds from entering our exchange. We are working with the Federal Investigation Agency to resolve these issues.” The scam was reported days after the local industry body Federation of Pakistan Chamber of Commerce and Industry in its research last month said that Pakistanis held $20 billion in cryptocurrencies in 2020-21.
tldr; Pakistan's Federal Investigation Agency (FIA) has issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The government of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown 3rd-party wallets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Pakistan's Federal Investigation Agency (FIA) Cyber Crime Wing has issued a notice to an official from Binance, a popular cryptocurrency exchange, while investigating a multi-million dollar scam. The agency said many online investment frauds were operating in Pakistan on the pattern of Ponzi schemes where investors were promised high returns on their investment if they brought in more clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Pakistan's Federal Investigation Agency (FIA) has uncovered a crypto investment scam that has allegedly cost Pakistani citizens some 17.7 billion rupees (around $100 million). The fraudsters used mobile apps to offer Pakistanis cryptocurrency investment opportunities. The FIA has issued a notice to Binance in relation to the scam. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The Federal Investigation Agency (FIA) has issued a notice to Binance’s Pakistani agent in relation to an internet scam involving millions of dollars. The scam is claimed to have duped Pakistanis of $100 million (approximately ₹17.5 billion). At least 11 mobile apps, including MCX, HFC, HTFOX, FXCOPY, and 91FP, had ceased operating. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Pakistan's Federal Investigation Agency (FIA) has issued a notice to summon representatives of a global cryptocurrency exchange, Binance, in a multibillion rupees scam, official sources said on Friday. FIA officials said some mobile applications were offering Pakistanis to invest in the virtual currency. However, these applications suddenly vanished and investment of around Rs18 billion made by Pakistanis were lost. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The FIA reminded residents that the State Bank of Pakistan (SBP) prohibits the purchase and sale of cryptocurrencies.
>The FIA reminded residents that the State Bank of Pakistan (SBP) prohibits the purchase and sale of cryptocurrencies. It says that crypto sale and purchase of crypto is prohibited. So that action is well within the power of the government.
tldr; Ferrari has signed a multi-year agreement with Velas Network to jointly issue “exclusive digital content” for its fans. Velas will also be the main sponsor for the Ferrari Esports Series, the official digital championship including all teams participating in the FIA Formula 1 World Championship. Ferrari and Velas share values like innovation and performance of technologically advanced products and services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The FIA has many many more dodgy deals over the course of their history than all the teams combined. They're racing in Saudi Arabia this weekend for example.
But you dont seem to like the (ma)FIA though OP :))
Yes, when there will be no FIA on the market, but wait, I think that then I will only convert crypto.