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Binance's Busy Day, Kraken's Second SEC Fight
22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...
Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February
22.11.2023
Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond
Binance, Changpeng 'CZ' Zhao to Pay $2.85B Fine in CFTC Settlement
21.11.2023
Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions...
Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...
After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent
21.11.2023
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...
Binance to Settle Charges With U.S. DOJ: Source
21.11.2023
The DOJ will hold a press release later today to announce the settlement
Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ
21.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
21.11.2023
The country hopes to align local requirements with those proposed by international banking regulators
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
21.11.2023
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too
FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information
21.11.2023
FTX-backed artificial intelligence company Anthropic's CEO and co-founder Dario Amodei declined an offer from OpenAI's board of directors to merge, according to a news report
SEC Accuses Kraken of Operating Unregistered Platform, Kraken Responds
21.11.2023
Source: Kraken The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform. The SEC filed the lawsuit in North District of California against the parent firms...
Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
20.11.2023
Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday
Binance in Talks to Pay More Than $4B to End U.S. Criminal Case; CZ Could Still Face Charges: Bloomberg
20.11.2023
A resolution could come as soon as the end of this month, Bloomberg reports
Russian Lawmakers Urge Central Bank to Rethink Digital Ruble Plans
20.11.2023
Source: Alex Zarubi/Unsplash Russian lawmakers want the country’s Central Bank to ditch its current retail model digital ruble in favor of a wholesale alternative. Per Interfax, three State Duma committees submitted a joint response to the Central Bank’s monetary policy report for 2024-2026....
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
17.11.2023
A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products
Mastercard Says Customers Are Too Comfortable With Today's Money for Adoption of CBDCs: CNBC
17.11.2023
The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today's type of money, a senior Mastercard official has said
Global Standards Setter for Securities Regulation Publishes Crypto Markets Policy Recommendations
17.11.2023
The recommendations are meant to help establish a global regulatory response to the risks posed by crypto asset service providers
Vivek Ramaswamy Reveals Crypto Policy Framework — Plans to Roll Back Most of SEC Crypto Regulations
17.11.2023
U.S. presidential candidate Vivek Ramaswamy has unveiled his “Three Freedoms of Crypto” policy framework. He stated that as President, he will ensure that innovative sectors, including crypto, are “liberated from the shackles of the unconstitutional shadow government.” He expects to rescind most...
California, Texas Among States Accusing GS Partners of Misleading Crypto Investors
16.11.2023
Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property