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Dubai Virtual Assets Regulator Imposes Enforcement Action Against Crypto Exchange BitOasis
11.7.2023
Dubai-based cryptocurrency exchange BitOasis, which received a minimum viable product (MVP) operational license from the UAE’s crypto regulator in April, is now facing enforcement actions from the authority.
Dubai’s Virtual Assets Regulatory Authority (VARA) issued a market alert on July...
FBI searched Kraken co-founder's home in March: Report
7.7.2023
Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking
Bittrex may still face enforcement action in Florida amid bankruptcy
6.7.2023
A filing in bankruptcy court from Florida's Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex
Bittrex Faced Enforcement Action From Florida Regulator Ahead of Bankruptcy
6.7.2023
The state's financial regulator accused the U.S. firm of violating multiple state laws, and was looking to explore settlement avenues, court filings show
Texas State Securities Board Takes Enforcement Action Against Crypto Firm Abra and CEO Bill Barhydt – What's Going On?
16.6.2023
The Texas State Securities Board has issued an emergency cease-and-desist order against crypto lender Abra, claiming that it has been insolvent since at least March 31, 2023.
In a Thursday filing, the Texas regulator unveiled enforcement actions against Abra and its founder William Barhydt...
Coinbase Initiated at Hold, Likely To Face Enforcement Action From SEC: Berenberg
16.5.2023
Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...
SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency
17.4.2023
After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker,...
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...
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
5.4.2023
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023
23.3.2023
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences....
Coinbase could face SEC enforcement action for 'potential violations of securities law'
22.3.2023
The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding" by SEC officials
SEC Warns Coinbase It's Pursuing Enforcement Action Over Securities Violations
22.3.2023
Crypto exchange Coinbase (COIN) may soon face an enforcement action tied to its listing of potential unregistered securities, the company said Wednesday
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
9.3.2023
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets...
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
17.2.2023
Gary Gensler said investors in crypto projects "should know why celebrities are making those endorsements," as Kim Kardashian and Paul Pierce did for EMAX through social media
Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?
17.2.2023
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on
SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price
15.2.2023
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry
Circle squashes rumors of planned SEC enforcement action
14.2.2023
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim
UK Financial Regulator Takes Enforcement Action Against Crypto ATM Operators
14.2.2023
The financial watchdog has teamed up with West Yorkshire Police to tackle crypto ATM operators in the city of Leeds
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...