4 / 4 Relevant items tagged with #Compliance

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What are the Howey test and its implications for cryptocurrency?

[Mar 18, 2023 8:07 AM] The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.

Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release

[Mar 4, 2023 3:00 PM] On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple…

Crypto exchange Kraken faces probe over possible securities violations: Report

[Feb 8, 2023 8:23 PM] The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

[Jan 31, 2023 9:00 AM] On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the…

Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon

[Jan 24, 2023 11:30 PM] You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody…

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

[Jan 23, 2023 2:00 PM] On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses…

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

[Jan 19, 2023 11:30 PM] The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest…

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS

[Jan 13, 2023 9:00 AM] Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would…

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%

[Jan 11, 2023 4:00 PM] Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin Gün Sirer, said the…

Binance Joins Association of Certified Sanctions Specialists

[Jan 9, 2023 6:30 AM] Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance. With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a…

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

[Jan 4, 2023 2:30 PM] Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said…

CrossTower eyeing further crypto acquisitions outside of Voyager bid

[Nov 23, 2022 11:11 PM] CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse.