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Gate.io to wind down services for customers in Japan
23.7.2024
The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services
HKX joins list of crypto exchanges to quit Hong Kong market
22.7.2024
HKX management advises users to withdraw assets following its decision to halt operations in Hong Kong due to regulatory compliance issues
Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance
21.7.2024
As the unlocking process progresses, the involvement of Coinbase Custody will play a crucial role in managing the vesting of these tokens
Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance
21.7.2024
As the unlocking process progresses, Coinbase Custody will play a crucial role in managing the vesting of these tokens
KPMG to help US crypto firms uphold reporting standards
19.7.2024
KPMG formed a strategic alliance with Cryptio to help crypto firms in the United States adhere to GAAP compliance, enhancing accounting and reporting practices
OKX selects Malta as MiCA hub for EU crypto compliance
18.7.2024
OKX selects Malta for its MiCA hub, leveraging its existing VFA Class 4 license and regulatory infrastructure for expanded EU crypto services
Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals
12.7.2024
Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes...
Hiro Systems Applauds SEC Decision to Close Stacks Investigation
12.7.2024
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite claims by network contributors that Stacks’...
Crypto for Advisors: Crypto and Compliance
11.7.2024
The coming years are crucial for compliance and risk in crypto. Beth Haddock discusses strategies advisors can take to protect their brand while serving clients as fiduciaries
BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
11.7.2024
BitMEX addresses the DOJ's BSA charge as a past issue, highlighting their compliance improvements and founders' prior penalties
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...
Cyprus calls for collective crackdown against crypto terror financing
10.7.2024
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime
Karma served: Pink Drainer gets hit with address poisoning scam
8.7.2024
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack
Crypto exchanges subject to EU Travel Rule in 6 months
5.7.2024
New EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30
Bitget in ‘active discussions’ to receive licensing in India
3.7.2024
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations
Binance.US 'prepared' for SEC legal showdown
2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics
Cardano updates MiCA compliance indicators 6 months ahead of the curve
2.7.2024
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency
Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
26.6.2024
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches...
Bitstamp drops Euro Tether amid new MiCA rules
26.6.2024
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, the Euro Tether, in November 2021
Hong Kong targets DeFi, metaverse for fintech expansion
26.6.2024
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors