Search
Robinhood Hit With Wells Notice By SEC
6.5.2024
Robinhood found itself in hot water with the United States Securities and Exchange Commission (SEC) this weekend after the digital asset trading platform reportedly received a Wells Notice from the federal agency amidst its crackdown on crypto, a new court filing alleges.
The post Robinhood...
SEC Issues Wells Notice to Robinhood Over Crypto Operations
6.5.2024
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement...
Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial
6.5.2024
The Australian Federal Court has delivered a ruling mostly in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme.
The post Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial appeared first on Cryptonews
Turkish crypto bill: 5 things to know before it’s introduced
6.5.2024
Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process
Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime
6.5.2024
The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan...
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
6.5.2024
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market....
India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges
6.5.2024
India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations uncovered numerous dummy accounts and led to...
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
5.5.2024
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation...
US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme
4.5.2024
U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43 million. FBI Assistant Director James Smith said the actions of Idin Dalpour...
Argentine Lower House Passes Cryptocurrency Legalizing Opportunity in Reintroduced Omnibus Law
3.5.2024
The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower...
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
3.5.2024
The MicroStrategy executive speculated that the SEC would consider Ether, BNB, Solana, XRP, and Cardano unregistered crypto asset securities
Nigerian SEC Set To Meet With Foreign Crypto Exchanges Amid Regulatory Crackdown: Report
3.5.2024
The Nigerian Securities and Exchange Commission (SEC) will meet with crypto exchanges to discuss the state of crypto regulation in the African nation, a Friday report from CoinTelegraph reveals. News of the meeting comes as Binance executives Nadeem Anjarwalla and Tigran Gambaryan face charges...
How to determine crypto cost basis for accurate tax filings
3.5.2024
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards
UK gov't calls for action on AI copyright, market competition
3.5.2024
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
3.5.2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly...
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
2.5.2024
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case
US lawmakers warn of Iranian crypto miners threatening national security
2.5.2024
According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations
Binance Nigeria Executives’ Money Laundering Trial Pushed To May 17
2.5.2024
The Binance Nigerian money laundering trial against the crypto exchange and its two executives, Nadeem Anjarwalla and Tigran Gambaryan, has been postponed to May 17, Thursday media reports confirm.
The post Binance Nigeria Executives’ Money Laundering Trial Pushed To May 17 appeared first...
Nigerian court postpones money laundering trial of Binance and execs
2.5.2024
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents
Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill
2.5.2024
An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation.
The post Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill appeared first on Cryptonews