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Binance Denies Report It Was Blocked From Installing Its CEO on Board of Failing Bank
11.8.2020
Crypto exchange Binance said the FMA had not rejected an application for CEO Chanpeng Zhao to join the board of the now-defunct Union Bank
Report: Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank
11.8.2020
Alleged attempts to bring Binance CEO CZ on as anchor shareholder in a troubled Liechtenstein bank have reportedly been blocked by regulators
Interactive Brokers to Pay $38M in Settlement Over AML Lapses
10.8.2020
Publicly traded brokerage firm Interactive Brokers has agreed to pay multi-million dollar penalties to the SEC, FINRA and CFTC for failure to flag suspicious transactions and lapses in AML compliance
Major Chinese Banks Bar Customers From Buying Gold, Precious Metals
1.8.2020
Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’
27.7.2020
Brian Armstrong says regulators would be "up in arms" with Monero listed on Coinbase, even as Binance and Kraken offer support for the token
SEC Commissioner Pierce Blasts Regulator’s Action Against Telegram
21.7.2020
'Crypto mom' took no prisoners in her fiery rebuke of the SEC's Telegram action
Grayscale CEO: US Regulators Can’t Shut Down Bitcoin
20.7.2020
Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin
US Regulators Take Joint Action Against Crypto Firms’ Swaps Offering
14.7.2020
Two related cryptocurrency firms have fallen foul of U.S. financial regulators for entering into illegal off-exchange swaps in digital assets and foreign currency
Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases
13.7.2020
Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines. The SEC says Abra’s employees “effected thousands...
Law Decoded: Regulators Are Guarded But Getting There, July 3-10
10.7.2020
This week has seen some major breakthroughs in disguise, reminding us of how regulation doesn’t all happen at once
Texas Regulators Take Aim at South African Cryptocurrency MLM Scheme
9.7.2020
The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme
Malaysian Regulator's Shariah Advisory Council Allows Digital Asset Trading
9.7.2020
The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading
Colombian Regulators Urged To Ditch ‘Obsolete’ Draft Crypto Law + More News
26.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Colombian regulators have been urged to start drawing up the country’s crypto legislation again from scratch...
NY Regulators to Pair Companies with 'Guardians' for a Conditional BitLicense
25.6.2020
The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated
Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19
19.6.2020
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery
CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules
17.6.2020
The chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establish a framework for sound crypto regulation. He believes that the U.S. must lead in the crypto field and “applying overly prescriptive rules could stunt the development of this important...
Israeli Software Firm Goes Behind Regulator's Back to Pay $250,000 in BTC Ransom
15.6.2020
Israel-based Sapiens reportedly paid in Bitcoins for a ransom requested during an attack that reportedly happened between March and April
Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
13.6.2020
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might...
Regulators: Deceased Quadriga Founder Committed Fraud
11.6.2020
The Ontario Securities Commission says that the Vancouver-based crypto exchange was a fraud