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Nalezeno "UK regulation": 11272

South Africa Leverages AI to Track Down Tax-Dodging Crypto Traders

6.9.2024
The South African government is tightening its grip on cryptocurrency trading. Tax authorities (SARS) are issuing tax notices and clarifying regulations, likely using AI to identify non-compliant traders. The central bank meanwhile has clarified rules for crypto purchases, allowing individuals...

Magic Eden faces backlash over US service segregation

6.9.2024
Magic Eden’s US-exclusive domain introduces service restrictions, sparking frustration over feature limitations like airdrops

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...

US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

5.9.2024
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China.

Binance CEO says CZ is banned from managing or operating the exchange

5.9.2024
A plea deal filed in November 2023 asked prosecutors to consider that Changpeng Zhao was prohibited from “any present or future involvement in operating or managing” Binance

Kamala Harris’ campaign isn’t directly accepting crypto — a Super PAC is

5.9.2024
A spokesperson for the Harris campaign confirmed with Cointelegraph that the Future Forward PAC was set up to receive crypto donations to support the Democratic candidate

Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California

5.9.2024
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against...

US, EU and UK sign world's first international AI treaty

5.9.2024
The US, EU, and UK sign the world’s first legally binding international AI treaty, prioritizing human rights and accountability in AI regulation

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

5.9.2024
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin...

United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’

4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...