Gensler Attributes Grayscale Ruling Prompted SEC’s Soft Stance on Bitcoin ETFs
The head of the US Securities and Exchange Commission (SEC) has hinted at softening the stance on Bitcoin exchange-traded funds. Gary Gensler signaled a softening...
KuCoin Exits New York in $22M Settlement, Avoids Considering Ethereum Security
KuCoin, a crypto exchange, will refund $16.7M to users and will owe the Office of the Attorney General an additional $5.3M. KuCoin, a Seychelles-founded crypto...
US Internal Revenue Service Hails Win Against Fraudulent Crypto Schemes
The US criminal investigation unit of the Internal Revenue Service (IRS) has, in its annual report card, hailed triumph over fraudulent tax schemes. The IRS...
US Justice Department Gains Extensive Oversight of Binance Operations
Regulatory troubles for Binance are far from over. The exchange is now under scrutiny from the Department of Justice. DOJ officials are currently conducting research...
Crypto Lawyer to Bring Class Action Lawsuit Against Binance’s CZ
Moskowitz Law Firm has processed various class-action lawsuits for cryptocurrency investors. The firm is now working on a new petition for deposing former executive of...
US Judge Prohibits Changpeng Zhao From Exiting the United States
Judge Richard Jones wrote that the respondent has a lot of property and wealth out of the country and lacks links to the U.S. On...
BlackRock Shifts Risk to Crypto Market Makers to Ease Bank’s Participation
A review of a memo by the US Securities and Exchange Commission (SEC) discloses details of the meeting with BlackRock. The meeting in late November...
Kazakhstan Blocked 980 Unregistered Crypto Trading Platforms in 2023
The Financial Monitoring Agency of Kazakhstan recently noted that the firm has launched an investigation into 9 crypto firms for conducting illegal trading operations. These...
Binance Chief Richard Teng Attributes $4.3 Billion Settlement with Inadequate Compliance Controls
Binance's newly appointed chief, Richard Teng, expressed optimism in navigating the challenging chapter of the world's largest crypto exchange. Inadequate Compliance Controls Cost Binance $4.3...
France Bank Société Générale Unveils Euro-pegged Stablecoin
The euro-fixed stablecoin will be the first of its kind in the area, and the bank’s client base will use it for trading. Société Générale,...