Binance obtains FIU approval for India return
Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.This post was originally published on this site
Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong
A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services. This post was originally published on this site
Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license. This post was originally published on this site
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Charges
According to a press release from the U.S. Department of Justice, Alexander Vinnik, a former operator of the BTC-e exchange, has admitted to a conspiracy to launder money. This admission of guilt comes over six years following his arrest in Greece on July 25, 2017. BTC-e’s Vinnik Pleads Guilty to Money Laundering The Department of […]
Nigeria’s Patricia exchange CEO refutes closure rumors
Patricia came under scrutiny following a hacking incident in May 2023, which led to a significant loss of customer funds.This post was originally published on this site
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […]
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […]
Binance to convert all New Bitshares (NBS) token balances to USDT before year ends
Binance periodically reviews its listed tokens to ensure they continue to meet the high level of standard we expect. The New Bitshares (NBS) token was delisted by Binance in October last year. At press time, the NBS token was trading at $0.0002246, down 6.05% in the last 24 hours. Binance, the biggest cryptocurrency exchange in […]
Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO
Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions.This post was originally published on this site