FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.
Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG). The key focus of the amendments is to bring virtual assets and virtual asset service providers firmly under the oversight of Taiwan’s […]
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Crypto wallet provider Exodus said the US Securities and Exchange Commission (SEC) made a “surprising last-minute decision” that delayed its planned listing on the NYSE American Stock Exchange, according to a May 9 statement. NYSE said the SEC halted the listing because the financial regulator’s staff are still reviewing Exodus’s registration statement. Exodus added: “We’re […]
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Trump vows to create a supportive environment for crypto businesses in the US and signals his campaign will accept crypto donations.
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After the U.S. House of Representatives postponed proceedings on a resolution overturning an SEC policy affecting crypto, President Joe Biden said he would veto the measure.
US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers. Congressman Sean Casten (IL-06) introduced the bill on May 7 and received support from Representatives Bill Foster, Brad Sherman, and Emmanuel Cleaver. Blockchain Integrity Act The proposed legislation, dubbed […]
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Anyone who spent at least $4,653 on Trump’s “Mugshot” NFTs will be able to have dinner with the former president in Florida on May 8.
The SEC calls Ripple's proposed stablecoin an "unregistered crypto asset" in its court battle over XRP sales, seeking almost $2 billion in fines.
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House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.” The issue […]
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U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange.
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin.
The DOJ has identified and indicted Russian national Dmitry Khoroshev as the leader of the LockBit ransomware gang, sanctioning him and offering a $10M reward for info leading to his arrest.
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A majority of respondents with crypto-positive views said they intended to vote in 2024, where tight elections in certain states could swing to either political party.
Binance CEO Richard Teng has publicly called for Nigeria to release detained compliance officer Tigran Gambaryan, claiming he is innocent and wrongly imprisoned.
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Congressman Rose accused the SEC of overstepping its bounds and hindering fintech innovation by taking action against Robinhood.
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Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case.
The Super PAC and its two affiliates have backed ads or otherwise supported efforts for crypto-focused candidates from both major political parties.
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. According to a May 8 filing, the Gary Gensler-led Commission staff had been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it. Dan Gallagher, the chief […]
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Robinhood Crypto received a Wells Notice from the SEC, indicating a potential lawsuit over alleged violations of securities laws.
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Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a May 2 letter addressed to […]
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Tether partners with blockchain analytics firm Chainalysis to monitor USDT transactions and detect illicit crypto transfers that could enable sanctions evasion.
The post Tether and Chainalysis roll out USDT monitoring solution to counter illicit transactions appeared first on Crypto Briefing.
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.
The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to financial crime and at the […]
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One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in.
Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a new […]
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The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping its […]
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Despite legal issues and his own potential jail time, crypto exchange Binance and founder CZ's fortunes continue growing given resilient platform demand.
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Starting September 1, Russia will enforce a strict ban on crypto to reinforce the ruble.
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