Regulation

  • 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
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  • 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
  • coinbase

    SEC dodges Coinbase’s crypto regulation request, raises concerns
    June 14, 2023 News
  • Crypto Community Questions Gary Gensler's Stance on Cryptocurrencies

    Regulatory maze: Gary Gensler’s evolving views stir controversy in crypto industry
    June 13, 2023 Regulation
  • Bitstamp

    Bitstamp and Interactive Brokers added to U.K. crypto register as regulation gains momentum
    June 13, 2023 Regulation
  • Binance requests removal of Cyprus unit's registration to prioritize EU compliance efforts

    Nigeria’s SEC declares Binance Nigeria’s operations illegal
    June 10, 2023 Regulation
  • Bank of England clears path for digital pound backed by Project Rosalind study

    U.K. financial watchdog to ban promotional incentives
    June 9, 2023 Regulation
  • sto trading without license ban in hongkong

    HKMA signals future implementation of retail central bank digital currency
    June 9, 2023 News
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  • European Union's Crypto Licensing Rules Take Effect with MiCA Law Publication

    EU’s crypto licensing rules take effect with MiCA law publication
    June 9, 2023 Regulation
  • House Financial Services Committee Releases Draft Stablecoin Bill with Bipartisan Support

    House Financial Services Committee releases new draft stablecoin bill with Bipartisan support
    June 9, 2023 Regulation
  • Bitcoin battle ensues as convicted murderer fights for access to $200K crypto fortune

    PoolTogether emerges victorious as federal judge dismisses lawsuit
    June 8, 2023 News
  • australia

    Australia’s largest bank  to reject “certain”  crypto transactions
    June 8, 2023 News
  • SEC’s Binance.US Probe Started in 2020,

    SEC’s probe on Binance.US was initiated in 2020, recent court filings reveal
    June 7, 2023 Regulation

  • US senators aim at SEC, call for crypto regulatory clarity amid Coinbase lawsuit
    June 7, 2023 News
  • philippines on the verge to become crypto capital

    Patiently powering through insight into the Philippines’ delay in issuing crypto regulatory framework
    June 7, 2023 News
  • U.S. Court orders SEC to respond to Coinbase's rulemaking petition

    U.S. Court orders SEC to respond to Coinbase’s rulemaking petition within seven days
    June 7, 2023 Regulation