The U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents in its lawsuit against cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ). The SEC argues that the plea agreements made by Binance and CZ with other agencies support its case and should be taken into account. The […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
The United States government has removed two provisions from the National Defense Authorization Act (NDAA) that were aimed at addressing concerns regarding anti-money laundering (AML) in the cryptocurrency industry. The NDAA is a legislation that determines how federal funding can be used by the country’s defense department.The first provision required the US Secretary of the […]
The United States government has removed two provisions from the National Defense Authorization Act (NDAA) that were aimed at addressing concerns regarding anti-money laundering (AML) in the cryptocurrency industry. The NDAA is a legislation that determines how federal funding can be used by the country’s defense department.The first provision required the US Secretary of the […]
Binance, one of the largest cryptocurrency exchanges, is facing significant government oversight in the United States. The company’s compliance commitments with the Department of Justice (DOJ) have been revealed, outlining a range of obligations that Binance must fulfill. These include granting authorities access to documents and resources, as well as cooperating in investigations related to […]
Binance, one of the largest cryptocurrency exchanges, is facing significant government oversight in the United States. The company’s compliance commitments with the Department of Justice (DOJ) have been revealed, outlining a range of obligations that Binance must fulfill. These include granting authorities access to documents and resources, as well as cooperating in investigations related to […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
The Securities and Exchange Commission (SEC) has issued a new warning to investors regarding crypto assets. The alert highlights two main concerns: misleading “Proof of Reserves” claims and the absence of SIPC or FDIC insurance in the crypto industry.The SEC is cautioning investors about the potential risks associated with crypto assets. One concern is the […]
