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Coinbase pays $100M to atone for shoddy AML/KYC compliance
The New York DFS announced that it had reached a $100m settlement with Coinbase after a probe identified failures in its AML program, including its KYC/customer due diligence (CDD).
The New York DFS announced that it had reached a $100m settlement with Coinbase after a probe identified failures in its AML program, including its KYC/customer due diligence (CDD).
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
India's FIU issued 'compliance show cause' orders to nine digital asset exchanges alleging them of "operating illegally without complying" with the Prevention of Money Laundering Act."
Celsius says it has had dialogues with the Securities and Exchange Commission, which had publicly opposed its previous reorganization plan and settled on only mining BTC.
Two prominent U.S. senators are calling for the Justice Department to investigate Binance over false statements the company made to lawmakers on March 1 when it responded to a Congressional inquiry about its business practices.
Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators are finally catching on to how technology works.
The FTX exchange may have filed for bankruptcy protection but there’s no real defense against the sector-wide carnage this scandal has unleashed.
Celsius Network claimed that the freeze was in the interest of its customers, but regulators in Texas, Kentucky, New Jersey, and even the Securities and Exchange Commission are not taking their word.
Judge Analisa Torres set a trial date for April 23, 2024, for the remaining issues on the SEC v Ripple case, with both parties expected to submit pretrial filings by the end of the year.
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
Controversial “crypto” exchange FTX hopes the CFTC will vanquish the SEC in the regulatory turf war over which branch of the U.S. government gets primary oversight of digital assets.