CFTC sues decentralized autonomous organization and its token holders
The U.S. regulator settled with bZx founders for $250,000 for illegal margined and leveraged commodity transactions, while also suing the Ooki DAO and its token holders.
Latest Bank Secrecy Act News
US authorities sought Binance internal docs on money laundering
An ongoing U.S. Department of Justice probe into whether Binance violated the Bank Secrecy Act sought internal records to determine if the digital currency exchange was complying with AML rules.
BitMEX co-founder Ben Delo avoids jail time, gets 30 months of probation
Benjamin Delo pleaded guilty to violating the Bank Secrecy Act alongside Hayes and Reed, but despite prosecutors pushing for a bigger sentence, he has avoided prison.
BitMEX founders ordered to pay $30M fine as ex-CEO Arthur Hayes seeks probation
A New York federal court has ordered the co-founders of BitMEX exchange to pay $30 million in civil monetary penalty in connection with charges of violating the U.S. Bank Secrecy Act.
OCC: Flagship digital currency bank Anchorage Digital failed in its AML requirements
The OCC states that the bank failed to meet Bank Secrecy Act requirements and ordered it to appoint a compliance committee and hire a BSA officer.
BitMEX exec Samuel Reed pleads guilty to Bank Secrecy Act violations, faces 5 years in jail
Samuel Reed, along with Arthur Hayes, Benjamin Delo, and Greg Dwyer, are accused of knowingly operating a BTC trading platform that had a lax anti-money laundering program and failed to conduct basic KYC checks.
BitMEX founders admit Bank Secrecy Act violations, pay $20M fines
Arthur Hayes and Benjamin Delo, co-founders of the BitMEX cryptocurrency exchange, have pled guilty to using their platform as a means of dodging U.S. money laundering rules.
US Treasury, FinCEN to crackdown on anonymous digital currency transactions
The proposed regulations may mean the end of anonymous digital currency transactions in the United States, and it also implies that MSBs will have to collect more information on their users.
BitMEX exec Greg Dwyer trial delayed until October 2022
Greg Dwyer has been charged alongside BitMEX founders Arthur Hayes, Ben Delo, and Samuel Reed, who have already surrendered to U.S. authorities and stand to face up to five years behind bars.
Could Taproot’s ‘privacy’ features make BTC illegal?
The Taproot “upgrade” moves BTC even further away from the original 2009 Bitcoin protocol and enables participants in a contract to hide not only their identities, but their public keys as well.
Crypto toddlers throw tantrum as US threatens to impose adult supervision
America appears determined to bring an end to the digital currency sector’s ‘wild west’ phase, signalling a fundamental realignment with serious implications for the current market leaders.
BitMEX co-founder Ben Delo surrenders in US, released on $20M bail
Under the terms of the bond, Ben Delo can travel back to the United Kingdom and return to the United States only when called upon by the court.