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Tag: FIC

Posted inTop Stories

FIC imposes moratorium on crypto operations in Palau

by Island TimesApril 2, 2019June 11, 2020

Representation Image The Financial Institution Commission (FIC) has stepped in to clamp down against cryptocurrency start-ups using Palau’s name to gain investors by imposing a moratorium against any new applicant who wishes to engage in financial activities involving virtual assets and currency. In a resolution adopted on March 19, the governing board of FIC said […]

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