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South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
19.5.2022
According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country
Global Financial Stability Watchdog FSB Says It Could Write Crypto Rulebook
11.5.2022
The Basel-based FSB joins tax and money-laundering bodies in responding to calls for coordinated action
European watchdog lists crypto next to lawyers, accountants as an AML threat
4.5.2022
The annual supervision report from MONEYVAL concluded that 18 of the 22 jurisdictions have an insufficient level of compliance with AML standards
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
3.5.2022
Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their...
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
28.4.2022
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD
Stablecoins Need Standard-Setting Effort, U.S. Banking Watchdog Suggests
27.4.2022
Stablecoins should have the same kind of standard-setting initiative previously seen in setting up common web practices in the early days of the internet, said Acting U.S. Comptroller of the Currency Michael Hsu
Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations
23.4.2022
Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion...
Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments
18.4.2022
The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution,...
Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'
8.4.2022
Acting Comptroller of the Currency Michael Hsu said he's concerned about the variability and lack of interoperability across stablecoins as his agency and other U.S. regulators try to come to terms with oversight
Spanish Securities Watchdog Calls for Search Engines, Social Network Operators to Stop Promoting Unregistered Investment Platforms
6.4.2022
The CNMV, the Spanish securities regulator, has called for large search engines and social networks to stop offering advertising services for platforms that are not registered to offer investment or financial services. The regulator has also stated that it will take matters into its own hands...
Singapore aims to streamline financial watchdog's authority over crypto firms
5.4.2022
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan
Colombian Money Laundering Watchdog Postpones Crypto Transaction Reporting Resolution
5.4.2022
The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts...
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
31.3.2022
Goldman Sachs completed a novel crypto OTC trade last week, something Acting Comptroller of the Currency Michael Hsu warned may lead to further tail risks
Crypto Popularity Could Pose Stability Risk, EU Watchdog Warns, as It Ponders New Powers
31.3.2022
Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said
UK financial watchdog extends registration deadline for some crypto firms
30.3.2022
As of March 25, there were 12 firms permitted to “carry out cryptoasset activities” under FCA temporary registration status, including CEX.IO, Revolut, and Copper
Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange
26.3.2022
Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series...
MoonPay, Startup Known for Celeb NFT Buys, Adds Obama-Era Money Laundering Watchdog
23.3.2022
James Freis ran the Financial Crimes Enforcement Network from 2007 to 2012
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...
Colombians Take Legal Action Against Binance for Blocking Their Funds
22.3.2022
An account blockade that happened more than five months ago due to money laundering issues has prompted some Colombian users of Binance to commence legal action against the exchange in the country. According to reports the funds blocked exceed $1 million, and after an investigation from the FIOD...
Facebook Owner Meta Sued by Australian Consumer Watchdog for Scam Crypto Ads
18.3.2022
Australian Competition and Consumer Commission says Meta linked fake media articles to unknowing celebrities