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Coinbase met with Australian banking regulators over local crypto regulations
16.3.2023
Coinbase's vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
16.3.2023
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue...
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
14.3.2023
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra...
Binance Trains Ukraine’s Cyberpolice and Security Service
12.3.2023
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security...
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
9.3.2023
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets...
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022
9.3.2023
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half...
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
8.3.2023
The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
6.3.2023
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
6.3.2023
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.”...
Binance's Secret Plot: Leaked Texts Reveal Plans to Evade U.S. Law Enforcement – What's Going On?
6.3.2023
Binance and Binance.US, the US arm of the crypto exchange touted as a separate company, have been more intertwined than previously disclosed, mixing staff, technical teams, and finances. ...
Read More: Binance's Secret Plot: Leaked Texts Reveal Plans to Evade U.S. Law Enforcement – What's Going On?
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP
6.3.2023
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way...
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
5.3.2023
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed....
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
4.3.2023
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC)...
Crypto Exchange Bitzlato Restores Access to User Funds
3.3.2023
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money....
Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public
2.3.2023
Indian Crypto Exchange BitBNS didn't make a hack worth $7.5 Million on February 1, 2022 public to its users and instead told them it was "system maintenance" because "law enforcement" authorities advised them against it
Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases
1.3.2023
Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s...
US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
1.3.2023
The U.S. Securities and Exchange Commission (SEC) may ramp up its recent surge of cases targeting crypto firms by once again boosting the size of its digital assets enforcement squad
US Drug Enforcement Agency Seized $1.8M From Binance in 2022
24.2.2023
Binance and the Drug Enforcement Agency disrupted a pipeline that moved cash generated from selling narcotics in Michigan to Mexico via stablecoins
Kevin O’Leary Warns US Crypto Regulation Getting ‘Very Aggressive’ — ‘You’ve Got to Stay out of the Way of SEC’
22.2.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that U.S. crypto regulation is “getting very, very aggressive.” Noting that regulators are now “regulating by enforcement, penalties, and massive fines,” O’Leary emphasized the importance of staying...
SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
21.2.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S., but they’ve decided not to do it – some of them in open scorn...