Financial Market Authority (FMA), the Australian national watchdog authority on cryptocurrency, has warned the citizens and cryptocurrency investors about the locally operating Bitcoin trading firm Bitcoin Traders, on account of the illegal status of the scheme. The warning was issued on the account that the firm Bitcoin Traders has not been able to attain a banking license from the relevant authorities and therefore falls under illegal cryptocurrency scheme in operation. The warning comes while Bitcoin Traders continues to operate in the country deeming it an automated multi-level marketing scheme or an affiliate ... (full story)