Poloniex hit with $10M fine over unregistered exchange operations
The U.S. Securities and Exchange Commission had entered into a settlement with Poloniex that will see the exchange pay a total of $10.3 million in fines.
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South Korea warns foreign exchanges to register by Sept 24 or risk being shut down
Under the Specific Financial Information Act, any exchange operator that continues to operate past the deadline without registering is liable for a five-year jail term.
Byte Power exchange fined by Australian regulators
Australia’s Byte Power Group Limited, which operates the Byte Power cryptocurrency exchange, has received a slap on the wrist by the country’s financial regulators.
Mastercard fined $640M for obstructing cross-border payments
Mastercard has been handed a fine of over €570 million ($648.4 million) after it was found to be obstructing merchants from accessing lower fees for cross-border payments, contrary to European Union (EU) law.