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Liminal Pushes Back on Delhi Police’s Non-Compliance Claims in $230M WazirX Hack Case
14.11.2024
In the wake of the massive WazirX hack earlier this year, which saw approximately $230 million in digital…
India’s FIU Considers Approving More Offshore Crypto Exchanges
6.9.2024
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction...
French Regulator Warns Investors For Using ByBit Despite Ban
17.5.2024
ByBit has been under scrutiny in France for its lack of non-compliance with current regulations and was blacklisted in 20 May 2022.
The post French Regulator Warns Investors For Using ByBit Despite Ban appeared first on Cryptonews
SEC Director of Enforcement Gurbir Grewal Slams Crypto Industry, Cites “Significant Non-Compliance”
3.4.2024
Gurbir Grewal, the Director of the Enforcement Division at the SEC, slammed the crypto industry for its "significant non-compliance" in remarks given Wednesday at the Practicing Law Institute SEC Speaks event. His criticism comes one day after SEC Commissioner Hester Peirce chided the agency...
EU Launches Probe into Tech Giants Apple, Google, Meta, and Amazon Over Digital Markets Act Violations
25.3.2024
The European Commission has begun an extensive investigation targeted at Apple, Amazon, Alphabet, and Meta over non-compliance practices under the new Digital Markets Act (DMA). The notice of the inquiry was disclosed by the commission on March 25, and it represents the EU’s first major attempt...
Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence
6.2.2024
The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that monero, along with three...
BuyUcoin Announces Zero Fee Transfer From Offshore Exchanges Amid Ongoing Crackdown in India
15.1.2024
Indian crypto exchange BuyUcoin has announced that it will now reimburse the entire withdrawal fees for local users transferring their assets from offshore exchanges amid ongoing crackdown. The FIU-IND, a unit of the Finance Ministry, recently issued show cause notices to numerous offshore crypto...
Google Removes Apps of Binance and Other Global Crypto Exchanges in India
15.1.2024
Google has removed several prominent global crypto exchanges, including Binance and Kraken, from its Play Store in India. This move comes as a response to allegations of these exchanges operating “illegally”, with the Financial Intelligence Unit (FIU) issuing show cause notices to nine...
India Blocks Websites of Offshore Crypto Exchanges After Non-Compliance Warning
13.1.2024
  India blocked access to websites of several offshore crypto exchanges, including Binance, Kucoin, OKX , Gate.io and many others on January 12 . This action followed the removal of these platforms from the Apple App Store in the country just a few days earlier. The move is a consequence...
Genesis Global Trading Settles With New York for $8M Over Regulatory Non-Compliance, Forfeits Bitlicense
12.1.2024
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis...
ETF Fever Continues, Gensler Warns Against Crypto’s ‘Wild West’ of Permissionless Exchange, Latam Update — Week in Review
31.12.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has repeated earlier warnings about crypto “non-compliance” being a global “Wild West,” as speculative fever for BTC exchange-traded funds continues to swelter, with monolithic asset manager Blackrock...
FIU IND blocks 9 crypto exchange URLs for non-compliance
29.12.2023
A total of 9 crypto exchange platforms have been served with a compliance Show Cause notice by the Financial Intelligence Unit India, also recognized as FIU IND. The names of these platforms are Binance, Kucoin, Kraken, Huobi, Gate.io, Bitstamp, Bittrex, Bitfinex, and MEXC Global. The said...
SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto
22.12.2023
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes...
Spanish Watchdog Initiates Sanctions Against Miolos for Violating Crypto Ad Rules
9.11.2023
Source: Pixabay The National Securities Market Commission (CNMV) of Spain has opened its first crypto infringement case against local technology provider Miolos. CNMV, the Spanish securities markets regulatory body, released an agreement on Wednesday, announcing “sanctions proceedings” against...
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
Three Aussie crypto funds halted as regulator cites non-compliance
17.10.2022
Three funds tracking Bitcoin, Ethereum, and FileCoin have been issued interim stop orders by Australia’s market regulator due to "non-compliant" target market determinations
Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think
25.8.2022
The world’s largest stablecoin issuer won't freeze tainted addresses, for now
US SEC Chief Gensler Says Crypto Sector Rife with ‘Non-compliance’
20.7.2022
The head of the US Securities and Exchange Commission (SEC), Gary Gensler, has said that his agency will “do what we can” to ensure crypto operators fall into line, but opined that many are refusing to abide by the rules governing securities.
Speaking during an interview with Bloomberg TV, Gensler...
SEC’s Gary Gensler Sees Plenty of ‘Noncompliance’ Across Crypto Industry
19.7.2022
SEC chairman Gary Gensler spoke on Bloomberg TV Monday, addressing questions around crypto regulation