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CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
9.9.2024
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges
CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
9.9.2024
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges
Quick Hit #17
9.9.2024
“Wrapping the <labelaround the <inputis fine, and is sufficient for conformance on its own, however adding explicit association with for and id is still necessary in practice.” —James Edwards…
Quick Hit #17 originally published on CSS-Tricks, which is part of...
India’s FIU Considers Approving More Offshore Crypto Exchanges
6.9.2024
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction...
CFTC Charges Uniswap for Unregistered Trading Imposes $175k Fine
4.9.2024
Uniswap Labs, a leading decentralized finance (DeFi) platform based in New York and registered in Delaware, has been…
Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
3.9.2024
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about...
Rumor: Ripple Paid SEC’s $125M Fine & Big News Coming Next Week
31.8.2024
The tale of the SEC and Ripple case is as old as time, and hopefully, it has finally…
Telecom company fined $1M for role in Biden deepfake scam
22.8.2024
The Biden deepfake scam highlights the risks of emerging tech and the need for regulation to safeguard elections and public trust
OpenAI offers GPT-4o fine-tuning for companies in AI service shift
21.8.2024
OpenAI is paving the way for a new era of AI as a service and increasing its model training materials
Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine
3.8.2024
Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple...
What's next for UK crypto regulations after Coinbase's $4.5M fine?
30.7.2024
The FCA’s fine points to a “one-off” enforcement action, not a wider crackdown on the industry, according to a legal expert
Bill targeting illicit use of crypto passes US House: Law Decoded
29.7.2024
Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice
Worldcoin Gets Hit With $200,000 Fine in Buenos Aires
28.7.2024
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms...
Marathon Digital fined $138M for non-circumvention agreement breach
23.7.2024
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho
Meta to Appeal Nigeria’s $220 Million Data Privacy Fine
22.7.2024
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC...
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...
Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
Binance fights back against $4.4M Canadian AML fine
20.6.2024
Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
Binance to appeal $4.4M fine from Canadian regulator
19.6.2024
The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators