Crypto News Bulletin

Saturday June 15, 2019 4:52 PM
11 hours 57 minutes ago

US Watchdog imposes charges and suspends former banker for Bitcoin mining

Financial Industry Regulatory Authority (FINRA) has slapped a former banker and consultant dubbed Kyung Soo with a hefty penalty along with financial charges for taking up crypto mining. As stated by the regulator, the banker pursued a business action last year without notifying his previous company Merrill Lyncch. FINRA asserts that Kim’s Bitcoin (BTC) mining project abused its guidelines. The guiding principles forbid affiliates from attending as employees/ autonomous contractors/ lone proprietor/ officer/ director or someone else’s partner outside of their employer. Furthermore, the affiliates are proscribed from remuneration by other persons for a business activity other than the space