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Nalezeno "AI compliance": 666

UK’s FinProm a welcome change, but challenge persists: Transak compliance head

25.10.2023
Transak’s compliance chief James Young told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space

Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance

25.10.2023
Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated,...

Solana's Marinade Finance Acts Swiftly to Ensure FCA Compliance, Blocks UK Access

24.10.2023
Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is blocking users in the United Kingdom from accessing its platform over "compliance concerns." The concerns are related to newly introduced regulations from the UK’s regulator, the Financial Conduct...

Binance Latam Regional VP: ‘We Intend to Become Regulated in Argentina’

24.10.2023
Min Lin, Latam regional vice president at Binance, referred to the intention of the institution to become regulated in Argentina after a specific law to license crypto brokers is approved. Lin stated the exchange is talking with regulators to introduce innovation in regulatory frameworks...

Beosin and Cobo unite to tackle security & compliance challenges

23.10.2023
Beosin recently announced its strategic partnership with Cobo. The blockchain security firm will see Cobo leverage Beosin KYT. The collaboration will result in the parties tackling Beosin’s compliance and security challenges. Beosin KYT, the virtual asset AML and analysis platform, will be...

Binance Stops Accepting New Users in UK to Comply With Crypto Regulations

18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...

Bankrupt Crypto Lender Genesis Faces Deadline: New York Court Orders Compliance With Terra Subpoena Within 5 Days

17.10.2023
After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year. In a court order dated October 13, Judge Jed Rakoff noted how Genesis hadn’t...

SEC Compliance News Sends BOND Token Soaring – Here's What Happened

16.10.2023
Tokenization protocol BarnBridge’s BOND token surged in price over the weekend after the project announced its intention to comply with unspecified demands from the U.S. Securities and Exchange Commission (SEC). According to BarnBridge’s legal counsel, the project has been under investigation...

Agnostic Nature of Blockchain Technology ‘Makes It the Ideal Foundation for Global Travel Industry’ — Pablo Castillo

16.10.2023
Although the travel industry is said to be in great need of digital innovation, according to Pablo Castillo, the CTO of the blockchain-based travel firm Chain4travel, “aviation is the most obvious sector to innovate with blockchain.” To support this assertion, Castillo, a former group...

Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers

12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...

Rebuilding Reputation: Crypto Industry Seeks Legal and Compliance Experts

11.10.2023
The cryptocurrency industry has been grappling with major challenges, including the collapse of FTX, fraud allegations, and the fall of some other high-profile companies. This has created a need for legal and compliance professionals in the crypto sector, particularly due to the growing...

Firms like OKX change marketing policies for FCA compliance

10.10.2023
The UK Financial Conduct Authority, or FCA, has introduced marketing regulations for crypto firms. The development comes at a time when the UK is looking to strengthen its oversight of its operations. A major part of the regulation seeks unregulated firms not to promote illegal financial products...

Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker

7.10.2023
Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in compliance with European regulations,” the exchange...

DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial

4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...

Why Intel Exchanges Raise a Dilemma for Compliance

3.10.2023
Arkham’s “DOX-to-Earn” program encouraging users to reveal IRL identities of blockchain users raises the prospect of digital witchhunts with uncertain consequences, says Marina Khaustova, CEO of Crystal

Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries

29.9.2023
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in...