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Nalezeno "AI compliance": 716

Binance.US 'prepared' for SEC legal showdown

2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics

Cardano updates MiCA compliance indicators 6 months ahead of the curve

2.7.2024
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

26.6.2024
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches...

Bitstamp drops Euro Tether amid new MiCA rules

26.6.2024
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, the Euro Tether, in November 2021

Hong Kong targets DeFi, metaverse for fintech expansion

26.6.2024
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors

Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait

24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

23.6.2024
South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail...

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...

Digital Chamber raises privacy concerns over IRS crypto tax draft

22.6.2024
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting

Nigerian SEC announces new rules, compliance program for digital assets

21.6.2024
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date

FCA busts suspects in a $1.2B illegal crypto asset business

21.6.2024
FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency's efforts to combat financial crime

Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance

20.6.2024
This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold...

Binance fined $2.25M by India’s financial intelligence unit

20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued

15.6.2024
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies...

Swiss regulator forces crypto-friendly FlowBank into bankruptcy

14.6.2024
The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

13.6.2024
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over...

Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

7.6.2024
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response...