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United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’
4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...
Australian regulator claims 58% of crypto ads on Facebook are scams
15.8.2024
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities
6.6.2023
After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state....
Binance Faces Legal Action by SEC for Violating US Securities Laws
5.6.2023
The U.S. Securities and Exchange Commission (SEC) took legal action against Binance, the largest cryptocurrency exchange globally, for violating U.S. securities laws. Gary Gensler, the chairman of the SEC, revealed that Binance is facing thirteen charges related to these violations. Binance...
Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork
29.3.2023
ETH investors appear unconcerned about the regulatory challenges facing the crypto market and are instead selecting to focus on the network’s next upgrade
Three Arrows Capital Co-Founder Kyle Davies: No Pending Lawsuits or Regulatory Action
13.3.2023
Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, has claimed he has no pending lawsuits or regulatory action following the collapse of the fund last year
BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens
13.2.2023
Traders seem to be migrating from Paxos' BUSD stablecoin to tether
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
13.2.2023
It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
2.2.2023
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors
19.11.2022
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator....
Europe moves toward regulatory action on crypto’s environmental impact, energy use
18.10.2022
After rejecting a proposal to ban crypto mining, the EU is looking at disclosure and mitigation measures to make crypto assets more sustainable in the coming years
Why the Crypto Crash Will Accelerate Regulatory Action
24.6.2022
Recent events, including the collapse of the TerraUSD stablecoin, are likely to hasten regulators consideration of crypto regulation
ECB needs 'globally coordinated regulatory action' on crypto, says official
25.4.2022
One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal."
Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
25.6.2021
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto...
NYU Professor Says Elon Musk Is Attracting Regulators to Crypto — Regulatory Action Expected in 30 Days
23.5.2021
NYU Professor Scott Galloway says that Tesla CEO Elon Musk is drawing additional scrutiny and regulators to the crypto space. He expects the U.S. Securities and Exchange Commission (SEC) to respond to Musk’s action in the next 30 days. Furthermore, the professor expects to see a Musk coin...
Telegram May Delay Gram Launch After Regulatory Action from the SEC
14.10.2019
Telegram admits that it could postpone the launch of its TON blockchain network and Gram token after a late intervention from the American regulatory Securities and Exchange Commission (SEC) on Friday.
The SEC has filed an emergency action and obtained a temporary restraining order preventing...
Central Bank Executives Of Europe Demand Rapid Regulatory Action For Facebook’s Libra
8.7.2019
Facebook’s ambitious and much-talked-about cryptocurrency Libra never fails to keep the crypto community abuzz. Whether it is about its whitepaper release or regulatory concerns, Libra is almost always in the news. The latest update doing the rounds, as reported by Bloomberg on 7th July 2019,...
European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra
7.7.2019
Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure