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Regulation

US
#Regulation
2 mins read
3 years ago

U.S. Lawmakers push for a new bill to hold bank executives accountable for collapses

US Lawmakers Introduce National AI Commission Act to Regulate Artificial Intelligence
#Regulation
2 mins read
3 years ago

US Lawmakers Introduce National AI Commission Act to Regulate Artificial Intelligence

Slovakia Codifies Citizens' Right to Cash
#Regulation
2 mins read
3 years ago

Slovakia Codifies Citizens’ Right to Cash Amidst Digital Euro Debate

crypto
#Regulation
2 mins read
3 years ago

UK Parliament takes major step towards crypto regulatory clarity

CFTC
#Regulation
3 mins read
3 years ago

CFTC considers investigation into KalshiEX’s contract

Judge Replaced in SEC Lawsuit
#Regulation
2 mins read
3 years ago

Judge Replaced in SEC Lawsuit Against Coinbase as Crypto Market Remains Steadfast

Bakkt delists Solana, Polygon, and Cardano amid regulatory uncertainty
#Regulation
2 mins read
3 years ago

Bakkt delists Solana, Polygon, and Cardano amid regulatory uncertainty

The French branch of Binance, the world's leading cryptocurrency exchange, is facing a preliminary investigation by the finance judicial investigation service under the direction of the specialized interregional jurisdiction of Paris. The investigation, which began in February 2022, focuses on allegations of illegal canvassing of clients and aggravated money laundering. These allegations have raised concerns about the platform's compliance with financial regulations in France. The investigation specifically targets Binance's failure to fulfill its obligations regarding procedures known as "know your customer" (KYC). KYC procedures require financial services to conduct necessary checks to prevent their platforms from being used for money laundering. It is suspected that Binance may have neglected these obligations, potentially enabling illicit financial activities through its platform. French authorities have intensified their efforts to combat money laundering and financial crimes in the cryptocurrency industry. The investigation into Binance's alleged illegal client canvassing reflects the growing concerns surrounding the industry's compliance with regulatory requirements. By scrutinizing Binance's adherence to KYC procedures, authorities aim to ensure the platform's compliance with anti-money laundering measures and protect investors. Subheading 2: Suspicions of Aggravated Money Laundering In addition to allegations of illegal client canvassing, Binance is also facing suspicions of aggravated money laundering. The investigation focuses on acts of money laundering carried out by perpetrators of offenses that generated profits. This aspect of the investigation aligns with some of the allegations made by the U.S. Securities and Exchange Commission (SEC) in their recent proceedings against Binance. The SEC charged Binance on June 5, 2022, with evading securities laws. The allegations suggest that Binance offered its services to American customers illegally. The SEC noted that until August 2021, Binance did not require all customers to complete KYC documents. The lack of stringent KYC procedures raised concerns about the potential misuse of the platform for money laundering and other illicit activities. The suspicions of aggravated money laundering further underscore the importance of robust regulatory measures within the cryptocurrency industry. Regulators worldwide are increasing their focus on ensuring compliance with anti-money laundering regulations to prevent illicit financial activities. The investigation into Binance's alleged aggravated money laundering serves as a reminder of the ongoing efforts to safeguard the integrity of the financial system and protect investors.
#Regulation
2 mins read
3 years ago

French authorities launch preliminary investigation into Binance for illegal activities and money laundering

CoinEx Settles for $1.7 Million, Ceases New York Operations
#Regulation
2 mins read
3 years ago

CoinEx Settles for $1.7 Million, Ceases New York Operations

rio brazil cryptocurrency
#Regulation
2 mins read
3 years ago

Brazil’s new legislation sets the stage for cryptocurrency success under president Lula

Celsius Network to Move Forward with Chapter 11 Restructuring Plan
#Regulation
2 mins read
3 years ago

Cryptocurrency lender Celsius’s bankruptcy plan faces creditor pushback

Crypto regulation is the best thing that can happen for the market
#Regulation
2 mins read
3 years ago

House Committee hearing talks crypto regulation

MiCA
#Regulation
3 mins read
3 years ago

Urgent call to action: Crypto firms must brace for MiCA today, not tomorrow!

coinbase
#Regulation
2 mins read
3 years ago

SEC dodges Coinbase’s crypto regulation request, raises concerns

Crypto Community Questions Gary Gensler's Stance on Cryptocurrencies
#Regulation
2 mins read
3 years ago

Regulatory maze: Gary Gensler’s evolving views stir controversy in crypto industry

Bitstamp
#Regulation
2 mins read
3 years ago

Bitstamp and Interactive Brokers added to U.K. crypto register as regulation gains momentum

Binance requests removal of Cyprus unit's registration to prioritize EU compliance efforts
#Regulation
2 mins read
3 years ago

Nigeria’s SEC declares Binance Nigeria’s operations illegal

Bank of England clears path for digital pound backed by Project Rosalind study
#Regulation
3 mins read
3 years ago

U.K. financial watchdog to ban promotional incentives

sto trading without license ban in hongkong
#Regulation
2 mins read
3 years ago

HKMA signals future implementation of retail central bank digital currency

European Union's Crypto Licensing Rules Take Effect with MiCA Law Publication
#Regulation
1 mins read
3 years ago

EU’s crypto licensing rules take effect with MiCA law publication

House Financial Services Committee Releases Draft Stablecoin Bill with Bipartisan Support
#Regulation
2 mins read
3 years ago

House Financial Services Committee releases new draft stablecoin bill with Bipartisan support

Bitcoin battle ensues as convicted murderer fights for access to $200K crypto fortune
#Regulation
2 mins read
3 years ago

PoolTogether emerges victorious as federal judge dismisses lawsuit

australia
#Regulation
2 mins read
3 years ago

Australia’s largest bank  to reject “certain”  crypto transactions

SEC’s Binance.US Probe Started in 2020,
#Regulation
2 mins read
3 years ago

SEC’s probe on Binance.US was initiated in 2020, recent court filings reveal

#Regulation
2 mins read
3 years ago

US senators aim at SEC, call for crypto regulatory clarity amid Coinbase lawsuit

philippines on the verge to become crypto capital
#Regulation
2 mins read
3 years ago

Patiently powering through insight into the Philippines’ delay in issuing crypto regulatory framework

U.S. Court orders SEC to respond to Coinbase's rulemaking petition
#Regulation
2 mins read
3 years ago

U.S. Court orders SEC to respond to Coinbase’s rulemaking petition within seven days

SEC cracks down on Utah-based DEBT Box in crypto fraud scheme, freezing $50 million in assets
#Regulation
2 mins read
3 years ago

SEC requests asset freeze on Binance.US amidst lawsuit alleging compliance failures

us congress sought to change crypto status
#Regulation
2 mins read
3 years ago

Coinbase and Robinhood take center stage in Congress to champion regulatory clarity for crypto

crypto
#Regulation
2 mins read
3 years ago

Crypto industry exposed as major source of tax evasion

Shocking Revelation: SEC charges Mormon Church for concealing $32 Billion investment portfolio
#Regulation
2 mins read
3 years ago

SEC vs. Binance: $115 billion battle over crypto regulation

U.S.
#Regulation
1 mins read
3 years ago

U.S. sanctions against Tornado Cash ruled unlawful

SEC cracks down on Utah-based DEBT Box in crypto fraud scheme, freezing $50 million in assets
#Regulation
2 mins read
3 years ago

U.S. House Committees present discussion draft to clarify regulatory framework for crypto assets

HONG KONG
#Regulation
1 mins read
3 years ago

Hong Kong and UAE set to transform cryptocurrency landscape

Bybit g
#Regulation
2 mins read
3 years ago

Crypto exchange Bybit exits Canada amid regulatory challenges

RBI
#Regulation
1 mins read
3 years ago

RBI charts new global course in crypto discourse amid India’s G-20 presidency

hong kong
#Regulation
2 mins read
3 years ago

Hong Kong crypto race heats up as Companies vie for VASP licenses

texas
#Regulation
2 mins read
3 years ago

Texas holds its breath as lawmakers grapple with controversial bills

Huobi HK
#Regulation
2 mins read
3 years ago

Huobi HK introduces crypto spot trading services in Hong Kong, aims for regulatory compliance

Dubai
#Regulation
3 mins read
3 years ago

Dubai watchdog warns of regulatory gaps threatening global market

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