SEC Ends Investigation into Paxos, Declares Binance’s BUSD Stablecoin Not a Security
In a development in the cryptocurrency space that can bring some additional clarity, the U.S….
Legal
BitMEX Pleads Guilty to Bank Secrecy Act Violations, Faces DOJ Scrutiny : UPDATED
BitMEX, the Seychelles-based cryptocurrency exchange, has pleaded guilty to violating the Bank Secrecy Act (BSA),…
Lithuanian Financial Authorities Impose Record $10 Million Fine on Crypto Payment Firm Payeer
In a landmark decision, the Lithuanian Financial Crime Investigation Service (FNTT) has levied fines totaling…
Silvergate Capital Corp. Settles for $63 Million Over Regulatory Accusations
Silvergate Capital Corp., the parent company of the crypto-friendly Silvergate Bank, has agreed to pay…
Federal Judge Allows SEC Lawsuit Against Binance to Proceed
In a pivotal legal development for the cryptocurrency industry, a federal judge ruled late Friday…
India Fines Binance $2.25 Million for Anti-Money Laundering Violations
India’s Financial Intelligence Unit (FIU) has levied a hefty fine of 188.2 million rupees ($2.25…
Financial Conduct Authority Arrests Two in Illegal Crypto Asset Exchange Raid
The Financial Conduct Authority (FCA) of the United Kingdom has arrested two individuals suspected of…
New York Attorney General Files Suit Against Alleged Crypto Pyramid Schemes Targeting Haitian Immigrants
New York Attorney General Letitia James has filed a lawsuit against two purported cryptocurrency companies…
Transitioning to T+1 Settlement
The Securities and Exchange Commission (SEC) made a significant move on February 15, 2023, voting…
Senate Joins House in Bid to Overturn SEC’s Controversial Crypto Policy, Faces Biden’s Veto
In a significant legislative move, the U.S. Senate voted 60-38 on Thursday to overturn the…