18 / 66 Relevant items tagged with #Regulations

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Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

[May 14, 2024 5:34 AM] Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

Industry Stakeholders Believe a UK Election Won't Derail Crypto Plans

[May 14, 2024 1:00 AM] The U.K.'s expected election this year shouldn't affect the country's efforts to regulate cryptocurrency much, industry observers say.

Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

[May 14, 2024 12:29 AM] Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

[May 13, 2024 11:09 PM] Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile…

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

[May 13, 2024 3:02 PM] President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

[May 13, 2024 1:31 PM] FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to…

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

[May 13, 2024 11:32 AM] A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting…

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

[May 13, 2024 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

[May 10, 2024 3:10 PM] Coinbase hasn't successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

[May 10, 2024 2:42 PM] The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry…

DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg

[May 10, 2024 1:11 PM] The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.

U.S. CFTC Proposes Ban on Political Event Contracts

[May 10, 2024 10:11 AM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the…

Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves

[May 10, 2024 4:27 AM] KuCoin has paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with India's FIU.

Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats

[May 10, 2024 4:15 AM] The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates…

Kraken Asks Court to Dismiss SEC Claims to Avoid 'Significant Reordering' of U.S. Financial Structure

[May 10, 2024 12:53 AM] Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a "significant reordering" of the U.S. financial regulatory structure, according to…

Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win

[May 10, 2024 12:00 AM] Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a "protest vote" against Russia's election results which have handed Vladimir Putin a fifth term as Russian president.

Prometheum's Contentious Answer to Crypto Compliance Is Running Late

[May 9, 2024 10:27 AM] Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum's custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed…

Binance Fined $4.3M by Canadian Financial Regulator for ‘Administrative Violations’

[May 9, 2024 10:10 AM] Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.

EU seeks stakeholder opinions on adding crypto to 12T euro investment market

[May 9, 2024 4:28 AM] If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market.

Crypto Wallet Provider Exodus’ NYSE American Stock Listing Postponed for SEC Review

[May 8, 2024 7:15 PM] Crypto wallet company Exodus Movement will not be listing on NYSE American, the New York Stock Exchange’s sibling market, on Thursday as planned, the company announced late Wednesday.

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

[May 8, 2024 2:17 PM] The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but…

UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation

[May 8, 2024 5:41 AM] Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

[May 8, 2024 3:00 AM] Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.

The Crypto Lawsuit State of Play

[May 8, 2024 2:30 AM] Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It's…

LocalMonero exchange shuts down as crypto privacy services dwindle

[May 7, 2024 9:43 PM] Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community.

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

[May 7, 2024 8:49 PM] Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday…

Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit

[May 7, 2024 11:59 AM] The NBA's Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the "first tranche" of settlements with promoters of the former cryptocurrency lender.

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

[May 7, 2024 11:23 AM] Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.

U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion

[May 7, 2024 11:00 AM] U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest.

Poll: Most People Cringe About Crypto, But Enough Care to Warrant Politicians' Attention

[May 7, 2024 6:00 AM] As U.S. politicians continue to wrestle with how to approach crypto issues, about 21% of voters in vital swing states consider cryptocurrency policies as a topic important enough to sway their support, according to a Harris Poll survey commissioned…