Tag Archives: Unregulated

US Fed to create new crypto team amid concerns about unregulated stablecoins – Cointelegraph

  1. US Fed to create new crypto team amid concerns about unregulated stablecoins Cointelegraph
  2. U.S. Federal Reserve Creating ‘Specialized Team of Experts’ on Crypto, According to Vice Chair The Daily Hodl
  3. Fed Assembling Special Crypto Squad As Silvergate Collapse Unnerves Investors Benzinga
  4. The Federal Reserve Pushes Hard To Rein In Crypto Stablecoins Crypto Mode
  5. US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution – Bitcoin News Bitcoin News
  6. View Full Coverage on Google News

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US Fed to create new crypto team amid concerns about unregulated stablecoins – Cointelegraph

  1. US Fed to create new crypto team amid concerns about unregulated stablecoins Cointelegraph
  2. U.S. Federal Reserve Creating ‘Specialized Team of Experts’ on Crypto, According to Vice Chair The Daily Hodl
  3. Fed Assembling Special Crypto Squad As Silvergate Collapse Unnerves Investors Benzinga
  4. The Federal Reserve Pushes Hard To Rein In Crypto Stablecoins Crypto Mode
  5. US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution – Bitcoin News Bitcoin News
  6. View Full Coverage on Google News

Read original article here

The Ketamine Cure: Is This Unregulated Drug Safe to Use at Home?

Ketamine’s success in early trials has surprised and excited researchers who study mood disorders, a field where drugs like Prozac and Zoloft, paired with talk therapy, have been the main treatment options for decades. But, as with Mr. Gathman, interventions don’t work for up to 30 percent of those suffering from major depression.

Moreover, it can take up to two months to determine whether these interventions have any effect at all — a dangerously long time for those suffering from suicidal thoughts and other mood disorders, said Dr. Joshua Berman, the medical director for interventional psychiatry at Columbia University, who helps lead the development of the department’s ketamine program. Ketamine’s effects, on the other hand, are often immediate.

Though relatively new in the field of mental health, ketamine has been used in hospitals and on battlefields as an anesthetic since 1970. While the drug’s clearance by the Food and Drug Administration does not yet extend most ketamine treatments to mood disorders, any physician can prescribe it off-label to patients whom they believe might benefit — allowing the commercial ketamine business to flourish.

Chris Walden, the co-founder of Ketamine Media, a public relations firm that works with ketamine providers, said that ketamine clinics have grown from a few dozen to “many hundreds” in the United States but couldn’t give exact numbers.

Some of these providers are associated with academic institutions conducting clinical trials. Others operate out of private boutique-like clinics such as Nushama, which was recently opened on Park Avenue in New York City by designer Jay Godfrey.

And some patients skip the clinic entirely. Mindbloom, which launched in late 2018, is a telemedicine platform whose users get home delivery of ketamine lozenges. The company — among the fastest growing of several services enabling at-home ketamine therapy, like My Ketamine Home and TrippSitter — pairs its clients with psychiatric clinicians certified to prescribe drugs, who determine if the drug is appropriate for them. Then other employees, called “psychedelic guides,” meet with patients virtually before and after sessions to process the experience. There are no formal requirements to becoming a psychedelic guide, but most have completed training in fields such as mental health, life coaching or crisis management.

Dylan Beynon, Mindbloom’s chief executive and founder, said over 80 percent of his clients suffering from depression or anxiety experience significant improvement after four sessions — and that just 5 percent of patients experience side effects, which were mostly mild.

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Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance – Regulation Bitcoin News

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.”

The SFC issued a statement Friday warning the public about unregulated crypto trading platforms. The regulator addressed Binance in particular, stating that the global crypto exchange may be offering trading services in “stock tokens” to Hong Kong investors. The SFC detailed:

The SFC wishes to make it clear that no entity in the Binance group is licensed or registered to conduct ‘regulated activity’ in Hong Kong.

“Stock tokens are virtual assets that are represented to be backed by different depository portfolios of underlying overseas listed stocks,” the SFC detailed.

The regulator noted that “In Hong Kong, stock tokens are likely to be ‘securities.’” For those that are considered securities, “marketing and/or distributing such tokens – whether in Hong Kong or targeting Hong Kong investors – constitute a ‘regulated activity’ and require a licence from the SFC unless an applicable exemption applies,” the announcement explains.

Thomas Atkinson, the SFC’s Executive Director of Enforcement, commented:

Investors should be wary of the risks of trading virtual assets on an unregulated platform. If the platform ceases operation, collapses, or is hacked, investors may face the possible risk of losing their entire investments held on the platform.

The SFC noted that it “has received complaints from investors who experienced difficulties in withdrawing fiat currencies or virtual assets from their accounts opened with unregulated platforms.”

Besides Hong Kong, an increasing number of regulators have issued warnings about Binance, including the U.K., Japan, Italy, Thailand, Lithuania, and the Cayman Islands.

What do you think about the Hong Kong regulator’s warning? Let us know in the comments section below.

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