The South Korean regulator slapped Korbit with a compliance penalty as the crypto exchange conducts talks to be bought by Mirae Asset.
The DOJ seized $15 million in Tether in order to return the funds to their rightful owners as part of an ongoing campaign against North Korean hackers.
Canada's FINTRAC said the exchange failed to report thousands of high-risk crypto transactions tied to darknet markets and Iranian transfers.
Failure to meet the requirements set by ACPR could compromise an exchange's ability to get a MiCA license from France.
In a letter sent to AG Pam Bondi on Thursday, Senators argue the DOJ and Treasury Department did not adequately reply to earlier questions.
The New York State Department of Financial Services directed banks to use blockchain analytics to combat illegal activities.
Binance agreed to a compliance monitorship as part of its plea deal with the DOJ in 2023 over money-laundering and sanctions violations.
A federal banking regulatory agency has dropped its consent order against Anchorage Digital over concerns about its AML program.
Dubai has officially cemented its position at the forefront of global crypto regulation. This bold regulatory step positions Dubai as a global trailblazer in shaping the future of institutional crypto markets and blending innovation with compliance. As jurisdictions around the world debate how to handle digital assets, Dubai is already laying the groundwork for the financial infrastructure of tomorrow. Why This Approval Matters For Global Financial Markets The Virtual Assets Regulatory Authority (VARA) has officially approved the first-ever cryptocurrency options license, marking it a breakthrough moment for the emirate region’s rapidly evolving digital asset ecosystem. Related Reading: China Greenlights Launch Of Its First Crypto Stablecoin—Report As highlighted in the press release, the permit was granted to a Nomura-backed digital assets firm, Laser Digital. This permit has authorized the firm to offer over-the-counter (OTC) crypto options trading to institutional investors under VARA’s regulatory framework. This development solidifies Dubai’s status as a premier global hub for cryptocurrency and blockchain innovation. With VARA granting Dubai its first crypto options license, it provides a clear regulatory pathway for firms seeking to offer complex instruments and crypto derivatives. By doing so, Dubai is setting the bar for how governments can blend innovation with compliance. The approval of Laser Digital under VARA’s framework reflects a commitment to fostering a business-friendly environment with robust regulatory standards, including Anti-Money Laundering (AML) and know-your-customer (KYC) requirements. This gives institutional investors confidence that the space is both progressive and secure. Why Listed Spot Trading Launched Matters For US Crypto Markets While the first-ever cryptocurrency options license has been approved, the US Commodity Futures Trading Commission (CFTC), under Caroline D. Pham, has launched a listed spot crypto trading initiative. According to the release, this license opens the door for regulated exchanges such as the Chicago Mercantile Exchange (CME) to offer direct trading of real crypto tokens, not just for futures contracts, but under official United States oversight. Related Reading: Has The Crypto Market Bottomed? Analyst Says ‘This Is It’ It is important to note that spot trading is where you buy and sell the actual asset itself, such as Bitcoin or Ethereum, for immediate settlement, which hasn’t been regulated at the federal level. It’s different from trading futures or derivatives, where traders speculate on price without owning the asset. “Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,” Acting Chairman Pham stated. If this goes through, it would bring spot and futures trading under the same regulatory rulebook, making the crypto market simpler, clearer, and more secure for everyone involved, which is a step forward for the crypto industry. It will also pave the way for retail and institutional investors to engage in crypto markets with a higher level of trust, knowing that trading is taking place on federally regulated exchanges. Featured image from iStock, chart from Tradingview.com
More than 300 victims identified in a scheme that resulted in more than $1 million in losses, the New York officials said.
Iurii Gugnin, a 38-year-old New York resident and Russian national, was arrested and arraigned Monday on charges related to the alleged scheme.
The WYST stablecoin, approved for development under the Wyoming Stable Token Act passed in March 2023, is expected to launch in July.
German prosecutors said eXch explicitly advertised its lack of anti-money laundering measures on platforms of 'criminal underground economy.'
Notabene’s annual survey of crypto firms found that almost all respondents expect to be Travel Rule compliant by mid-2025.
Arizona is also leading the crypto reserve legislation race and Galaxy Research proposed a new voting system for Solana emissions.
Trump family's crypto ventures — including a planned stablecoin launch — could stall crypto regulatory advancements, according to TD Cowen.
Jack Dorsey's Block Inc. reached a $40 million dollar settlement with New York's top financial regulator on Thursday.
Garantex purportedly enables money laundering from criminal organizations and has processed at least $96 billion in digital asset transactions since 2019.
Kovar supposedly used investor funds to operate his company and purchase real estate, while also repaying prior investors as if from crypto mining proceeds.
The former operator of the BTC-e crypto exchange was charged with violating U.S. anti-money laundering laws and pleaded guilty in 2024.
He purportedly exploited vulnerabilities in the smart contracts of KyberSwap and Indexed Finance to steal around $48.8 million and $16.5 million respectively.
The overseas exchange previously pled guilty to these crimes in July 2024 and agreed to pay a $110 million penalty at the time.
California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.
The Taiwanese FSC has released new Anti-Money Laundering laws that will replace its current regulations and require full compliance of VASPs.
The crypto exchange complies with anti-money laundering legislation, he said.
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
In a significant development for the cryptocurrency industry, United States Senator Roger Marshall has overturned his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) Bill, a legislation introduced by Democratic Party Elizabeth Warren. Marshall’s move to back down from the bill indicates the growing concerns about the possible overreach of regulatory actions regarding the […]
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub.
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.