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FTC enhances investigative procedures to deal with AI-related lawbreaking
22.11.2023
The Federal Trade Commission (FTC) unanimously approved a measure to streamline its staff’s ability to issue civil investigative demands (CIDs) in AI investigations while retaining its authority to determine when CIDs are issued
Binance settles with U.S. government: Timeline of US enforcement actions
22.11.2023
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange
Crypto markets mixed as traders digest DOJ action against Binance, CZ
21.11.2023
Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal
21.11.2023
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development...
Sony Fails To Kill $7.9 Billion Lawsuit Over PlayStation Store Prices
21.11.2023
A lawsuit filed last year accused Sony of using its walled-garden video game platform to charge players too much in the PlayStation Store. The London Tribunal has now allowed that lawsuit to move forward, against the PS5 maker’s objections, which could result in payments to players in the UK of...
Kraken Faces SEC Charges for Unlawful Crypto Trading Operations
21.11.2023
Image Source: CNBC The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures. In a lawsuit filed in a San Francisco court on Monday...
Can blockchain supply the guardrails to keep AI on course?
21.11.2023
Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem
Chinese Police Bust $140 Million Crypto Money Laundering Ring
21.11.2023
Source: Pexels China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million. The arrests were made in provinces and cities such as Deyang in Sichuan, Changchun in Jilin...
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
20.11.2023
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected
Tether freezes $225M USDT linked to romance scammers amid DOJ investigation
20.11.2023
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam
Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation
20.11.2023
Stablecoin issuer Tether has frozen $225 million worth of its stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia
Former Bithumb Chairman faces eight-year imprisonment
18.11.2023
According to prosecutors, Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
18.11.2023
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing...
Crypto Biz: Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more
17.11.2023
Getting regulatory approval has been crucial for companies, particularly in a tight regulatory environment during the crypto winter
ENS developers urge Unstoppable Domains to drop patents or face lawsuit
17.11.2023
ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
Global securities body IOSCO unveils crypto regulatory framework proposals
17.11.2023
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction
US Congress members urge financial authorities to invalidate SEC’s SAB 121
16.11.2023
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets
Turkey mulls addressing licensing and taxation in new crypto rule
16.11.2023
Bora Erdamar from BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse
Workers Accuses Sega Of Threatening Mass Layoffs Over Unionizing
16.11.2023
Workers at Sega of America say the publisher behind Persona, Yakuza, and more beloved gaming franchises is trying to lay them off as retaliation for unionizing. A new unfair labor practice filed by the Communications Workers of America accuses Sega of forcing employees into a meeting where they...