Regulation

  • SEC

    SEC Commissioner’s recent controversial statement on crypto laws shake the industry
    June 29, 2023 News
  • European Union

    European Union advances its Data Act despite crypto community backlash
    June 28, 2023 Regulation
  • BoE

    BoE CBDC Chief says digital pound will be pseudonymous and privacy-focused
    June 27, 2023 Regulation
  • Binance

    U.S. court rejects Binance’s request to restrain SEC’s press releases
    June 27, 2023 Regulation
  • FCA’s head of digital assets leaves less than one year after joining

    FCA digital assets head resigns less than a year after joining
    June 26, 2023 News
  • Bybit obtains crypto exchange license in Cyprus

    Bybit obtains crypto exchange license in Cyprus
    June 26, 2023 Regulation
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  • FATF

    FATF calls for stronger regulation to combat money laundering
    June 25, 2023 News
  • Winklevoss Twins Rail Against US SEC's Anti Crypto Stance, It Does

    Winklevoss twins slam SEC over crypto crackdown
    June 24, 2023 Regulation
  • AI regulation critics need to back off a little

    AI regulation critics need to back off a little
    June 22, 2023 News
  • US

    U.S. Lawmakers push for a new bill to hold bank executives accountable for collapses
    June 21, 2023 Regulation
  • US Lawmakers Introduce National AI Commission Act to Regulate Artificial Intelligence

    US Lawmakers Introduce National AI Commission Act to Regulate Artificial Intelligence
    June 21, 2023 Regulation
  • Slovakia Codifies Citizens' Right to Cash

    Slovakia Codifies Citizens’ Right to Cash Amidst Digital Euro Debate
    June 19, 2023 Regulation
  • crypto

    UK Parliament takes major step towards crypto regulatory clarity
    June 19, 2023 Regulation
  • CFTC

    CFTC considers investigation into KalshiEX’s contract
    June 17, 2023 News
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  • Judge Replaced in SEC Lawsuit

    Judge Replaced in SEC Lawsuit Against Coinbase as Crypto Market Remains Steadfast
    June 17, 2023 Regulation
  • Bakkt delists Solana, Polygon, and Cardano amid regulatory uncertainty

    Bakkt delists Solana, Polygon, and Cardano amid regulatory uncertainty
    June 16, 2023 Regulation
  • 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.

    French authorities launch preliminary investigation into Binance for illegal activities and money laundering
    June 16, 2023 Regulation
  • CoinEx Settles for $1.7 Million, Ceases New York Operations

    CoinEx Settles for $1.7 Million, Ceases New York Operations
    June 16, 2023 Regulation
  • rio brazil cryptocurrency

    Brazil’s new legislation sets the stage for cryptocurrency success under president Lula
    June 15, 2023 News
  • Celsius Network to Move Forward with Chapter 11 Restructuring Plan

    Cryptocurrency lender Celsius’s bankruptcy plan faces creditor pushback
    June 15, 2023 News
  • Crypto regulation is the best thing that can happen for the market

    House Committee hearing talks crypto regulation
    June 14, 2023 Regulation
  • MiCA

    Urgent call to action: Crypto firms must brace for MiCA today, not tomorrow!
    June 14, 2023 News