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Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations
6.6.2023
After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning as an unregistered broker since 2019. SEC Alleges...
Verge (XVG) gains ISO 20022 compliance
6.6.2023
Per a recent announcement by Verge, its native token has gained an advantage by becoming an ISO 20022-compliant asset. Calling this a pivotal moment, Verge has expressed confidence that the development will enable it to accelerate the mass adoption of XVG. Verge is now the 9th cryptocurrency...
US Congressmen blame crypto firms for 'tax gap' in letter to Treasury
6.6.2023
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto
Fines and regulation: The ever-growing landscape of crypto compliance
5.6.2023
How have the regulatory and legal frameworks governing cryptocurrency fines transformed over the years, and what are the key trends and challenges?
Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
31.5.2023
In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents....
US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas
30.5.2023
The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part
Etonec and Mina Foundation to Create ZK-Powered Compliance Tool By Year’s End
25.5.2023
The product is designed to enable DeFi and Web3 communities to comply with regulations while maintaining community members’ privacy
SEC Chair Says Crypto Intermediaries Are Rife With Conflict and Urges Compliance
15.5.2023
The US Securities and Exchange Commission stands ready to help crypto intermediaries come into compliance, said the agency’s Chair Gary Gensler.
Gensler spoke Monday at the Atlanta Fed's 2023 Financial Markets Conference, following rising tension between the regulator and exchanges on how to...
Binance Addresses Compliance Concerns, Claims Robust Measures in Place to Prevent Terrorism Financing
5.5.2023
Leading cryptocurrency exchange Binance has responded to a Reuters report that raised questions about its compliance policies for preventing and tackling cryptocurrency-based financing of terrorism.
The exchange said it takes the issue very seriously and is not aware of any exchange, or other...
Coinbase share price spikes 7.9% as Q1 results beat expectations
5.5.2023
Coinbase CEO Brian Armstrong called the quarter a "turning point" for the company as it worked towards a more "financially disciplined" firm
Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures
2.5.2023
Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will enable institutional users outside of the United States to trade bitcoin and ethereum perpetual futures. The company stated in...
Binance Official Says Exchange Has Ousted North Koreans
27.4.2023
"They recognized Binance was not the place for them," said Tigran Gambaryan, head of financial crime compliance at Binance
Binance Reportedly Removes Restrictions on Russian Users
27.4.2023
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which...
Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust
25.4.2023
Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist
German regulators launch inquiry into ChatGPT GDPR compliance
24.4.2023
Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR
Innovate some compliance mechanisms, US Treasury official tells DeFi community
21.4.2023
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
6.4.2023
The firms were cited anonymously in the CFTC's complaint describing Binance’s alleged facilitation of U.S. clients
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...