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SEC files final response in Ripple XRP case
8.5.2024
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office
Nigerian officials proposed secret crypto settlement, claims Binance CEO
7.5.2024
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them
Revolut debuts dedicated crypto exchange for UK users
7.5.2024
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion
Bitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEO
6.5.2024
The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents
USDC overtakes USDT: Compliance is key to stablecoin dominance
3.5.2024
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market
Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
US probes Jack Dorsey’s Block, Inc. over financial transactions: Report
2.5.2024
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups
Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail
30.4.2024
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse....
Thai SEC Warns Crypto Exchanges Against Glamorizing Investments, Emphasizes Advertising Compliance
29.4.2024
The Securities and Exchange Commission (SEC) of Thailand is taking measures to protect crypto investors from misleading advertisements.
The post Thai SEC Warns Crypto Exchanges Against Glamorizing Investments, Emphasizes Advertising Compliance appeared first on Cryptonews
Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing
24.4.2024
Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng...
US Prosecutors Seek 36-Month Sentence for Binance’s Changpeng Zhao Over Legal Violations
24.4.2024
Federal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Prosecutors contend Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security...
Hong Kong Officials Recommends Self-Regulatory Committee for Compliance Monitoring in Crypto Industry
23.4.2024
The Hong Kong Securities & Futures Professionals Association (HKSFPA) has advocated establishing a self-regulatory committee within the city's crypto firms to enhance compliance monitoring.
The post Hong Kong Officials Recommends Self-Regulatory Committee for Compliance Monitoring in Crypto...
Binance Working Closely with Nigerian Authorities to Resolve Detention of Executives
19.4.2024
Binance has been actively engaged in close cooperation with Nigerian authorities following the detention of its head of financial crime compliance.
The post Binance Working Closely with Nigerian Authorities to Resolve Detention of Executives appeared first on Cryptonews
Binance announces FIU compliance to soon restart operations in India
18.4.2024
The dynamics of the crypto market in India are expected to mark a major shift. This comes to light as reports about Binance re-entering India surface. Binance has apparently settled the penalty of $2 million and has agreed to operate in compliance with the Prevention of Money Laundering Act (PMLA)...
OKX Sees Departures of Global Government Relations Head, Product Head, and Compliance Head: Report
17.4.2024
OKX, the world's second-largest cryptocurrency exchange by trading volume, has reportedly lost two of its top executives, Tim Byun and Wei Lan amid latest strategic restructuring.
The post OKX Sees Departures of Global Government Relations Head, Product Head, and Compliance Head: Report appeared...
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Binance.US Taps Former New York Fed Compliance Chief for Board Role
16.4.2024
Binance.US added Martin Grant, a one-time New York Federal Reserve Bank official who spent 17 years as its chief compliance and ethics officer, to its board of directors
Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms
11.4.2024
While Dubai's regulatory rules were broadly welcomed, some firms worried about the expense