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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...
FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers
1.4.2023
FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer...
U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members
31.3.2023
In the absence of formal crypto rules from U.S. government agencies, the National Futures Association (NFA) is setting up standards for its members that deal in digital assets commodities
7th Annual Legal, Regulatory, & Compliance Forum on FinTech & Emerging Payment Systems
31.3.2023
April 18-19, 2023 | NY Hilton Midtown, New York, NY Join 2 days of intense discussions to benchmark among peers, absorb key compliance takeaways around anticipated increased regulatory enforcement, and delve into what it will take for the modern fintech to prosper at the 7th Annual Legal...
Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses
29.3.2023
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
28.3.2023
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in...
Breaking: Binance CEO CZ rejects allegations of market manipulation
28.3.2023
The response comes in relation to a series of claims made by the CFTC in its March 27 complaint against Binance
Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules
27.3.2023
The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules....
Top 7 legal and compliance jobs in the crypto market
27.3.2023
Explore essential skills for top legal and compliance jobs in the crypto market
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...
Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid
22.3.2023
Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money...