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Robinhood Hit With Wells Notice By SEC
6.5.2024
Robinhood found itself in hot water with the United States Securities and Exchange Commission (SEC) this weekend after the digital asset trading platform reportedly received a Wells Notice from the federal agency amidst its crackdown on crypto, a new court filing alleges.
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Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial
6.5.2024
The Australian Federal Court has delivered a ruling mostly in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme.
The post Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial appeared first on Cryptonews
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
6.5.2024
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market....
Nigerian SEC Set To Meet With Foreign Crypto Exchanges Amid Regulatory Crackdown: Report
3.5.2024
The Nigerian Securities and Exchange Commission (SEC) will meet with crypto exchanges to discuss the state of crypto regulation in the African nation, a Friday report from CoinTelegraph reveals. News of the meeting comes as Binance executives Nadeem Anjarwalla and Tigran Gambaryan face charges...
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
3.5.2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly...
Binance Nigeria Executives’ Money Laundering Trial Pushed To May 17
2.5.2024
The Binance Nigerian money laundering trial against the crypto exchange and its two executives, Nadeem Anjarwalla and Tigran Gambaryan, has been postponed to May 17, Thursday media reports confirm.
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Thai SEC Warns Crypto Exchanges Against Glamorizing Investments, Emphasizes Advertising Compliance
29.4.2024
The Securities and Exchange Commission (SEC) of Thailand is taking measures to protect crypto investors from misleading advertisements.
The post Thai SEC Warns Crypto Exchanges Against Glamorizing Investments, Emphasizes Advertising Compliance appeared first on Cryptonews
Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation
29.4.2024
Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their...
Elizabeth Warren-Challenger John Deaton to File Brief in Support of Coinbase Appeal in SEC Case Today: Fox
26.4.2024
John Deaton, the crypto attorney fighting for Elizabeth Warren’s seat in the senate, is scheduled to file an amicus curiae brief in support of Coinbase’s interlocutory appeal against the United States Securities and Exchange Commission (SEC), Fox Business reporter Eleanor Terrett said Friday....
Armenian Officials Trained on Essential Techniques and Tools for Effective Crypto-Crime Investigations
26.4.2024
A group of Armenian officials from various law enforcement agencies have been trained on crypto-asset investigations to combat crypto-related crimes.
The post Armenian Officials Trained on Essential Techniques and Tools for Effective Crypto-Crime Investigations appeared first on Cryptonews
New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global
25.4.2024
According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.
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South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
24.4.2024
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading...
Philippines Securities Regulator Requests Apple and Google to Remove Binance Apps
24.4.2024
The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further spread of its unlawful...
SEC Delays Decision on Franklin Templeton’s Spot Ethereum ETF Application
24.4.2024
The fate of spot Ethereum ETFs hangs in the balance as the SEC announces a delay in its decision. This move reflects a cautious approach amidst growing interest and regulatory complexities surrounding crypto-based investment products. Dive deeper into the implications for the future of spot...
SEC Sued by Crypto Industry Groups Over Definition of ‘Dealer’ in Securities
23.4.2024
The Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the United States Securities and Exchange Commission (SEC), filing a lawsuit in the Northern District of Texas.
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Kenya Establishes Multi-Agency Group To Lead Crypto Regulation
23.4.2024
Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank.
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Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?
21.4.2024
Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase's board.
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Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers
19.4.2024
Singapore-based payments company Triple-A has announced plans to integrate PayPal's stablecoin into its list of supported tokens for customer payments.
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Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means
19.4.2024
Canada is set to implement the International Crypto-Asset Reporting Framework (CARF) for crypto tax reporting by 2026, as per the country's 2024 budget. The move will place new obligations on Canada crypto service providers, such as exchanges and ATM operators, to report transactions and customer...
UK Parliament Member Lisa Cameron Pushes For Greater Digital Skills Training, Blockchain Technology Partnerships
17.4.2024
UK Member of Parliament (MP) Lisa Cameron has called for increased digital skills training in order to increase the country’s “necessary talent pipeline,” the MP said in a debate Tuesday. Cameron's remarks come amidst the country's push to be at the forefront of Web3, AI, and blockchain...