Richard Teng, the CEO of Binance, has made a public plea to the Nigerian government, calling for the release of Tigran Gambaryan, head of the crypto exchange's Financial Crime Compliance team.
Uniswap revealed that the SEC issued a Wells notice to the firm, citing that the regulatory body warns of potential enforcement action against the crypto exchange.
Crypto.com secured registration approval from De Nederlandsche Bank (DNB) weeks after Binance exited the Netherlands after failing to register with the regulators.
Coinbase's Chief Legal Officer Paul Grewal voiced his concerns over the SEC’s regulation on the crypto industry after the agency claimed it will continue to use enforcement as a substitute for lawmaking.
Ripple CEO Brad Garlinghouse estimated that the firm will have spent $200M in its ongoing lawsuit against the SEC by the time the court decides on a verdict.
Coinbase asked the US Court of Appeals for the Third Circuit to urge the SEC to respond to its rulemaking petition weeks after receiving a Wells notice from the regulatory agency.
In a recent discussion during Fintech Week, Coinbase CEO Brian Armstrong claimed that the firm may relocate out of the US if the authorities do not provide clarity on crypto regulations.
The Australian Securities and Investments Commission (ASIC) revoked Binance Australia’s financial services license following a targeted review of the exchange’s operations.
Dubai’s Virtual Assets Regulatory Authority asked Binance to disclose details about its board procedures as the regulators tighten the application process for the operational license.
Boies Schiller Flexner and Moskowitz Law Firm sued Binance, its CEO Changpeng Zhao, and three crypto influencers for unlawful promotion of unregistered securities.
Coinbase's CEO and CLO responded to the SEC's threats of potential enforcement action against the exchange for alleged violation of the securities law.
Silvergate Bank, one of the leading banking partners for cryptocurrency firms, announced on Wednesday, March 8, that it plans to wind down its operations and voluntarily liquidate. Its wind-down and liquidation plan includes full repayment of all deposits
Judge Martin Glenn has authorized Celsius to sell $7.4M worth of coupons for Bitmain, a crypto mining firm. The coupons, which cost Celsius $37M, provide a 10-30% discount on Bitmain’s mining rigs.
Binance is ready to pay monetary penalties to US regulators to make amends for past regulatory violations. The exchange claims it grew quickly and was unaware of the laws and regulations to prevent money laundering and corruption.
NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins.
Coinbase is facing a $3.6 million fine for operating in the Netherlands without registration with DNB. The Dutch regulator increased the base fee due to the severity and degree of culpability of the non-compliance.
Nexo’s offices in Sofia were raided by the Bulgarian police on suspicion of illegal activities involving money laundering, tax fraud, and violations of sanctions against Russia.
The US Securities and Exchange Commission and the Department of Justice have launched investigations into Digital Currency Group over internal financial transfers between the firm and Genesis.
The US Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’ ongoing discussions with Voyager Digital to purchase its assets for $1.022B.
Coinbase has agreed to pay a $50M penalty to New York regulators. The exchange will invest another $50M in its compliance program over the next two years.
The Committee on Foreign Investment in the United States announced it will evaluate transactions involving purchase, merger, or acquisition of Voyager Digital by foreign companies.
Former FTX executives Caroline Ellison and Gary Wang pleaded guilty to charges of committing fraud as the exchange’s former CEO, Sam Bankman-Fried, was extradited to the US.
The California Department of Financial Protection and Innovation (DFPI) ordered MyConstant to cease providing crypto-related services to its Californian clients.
Sam Bankman Fried, the Founder and Ex CEO of FTX, was arrested by the Royal Bahamas Police Force after US lawmakers filed criminal charges against him.
The court has authorized the issuance of subpoenas to 3AC co-founders. Liquidators now have permission to demand documents, communications, financial records, or any information related to the hedge fund since 2012.
FTX Australia acquired the AFSL by purchasing IFS Markets in December 2021. This allowed FTX Australia to operate without undergoing any regulatory tests.
Ron Wyden, the Chairman of the Senate Finance Committee, sent letters to the CEOs of six crypto exchanges asking them to reveal the measures they use to protect clients' funds.
Alabama Securities Commission is investigating Genesis Global for violation of security laws. The regulator aims to ascertain if Genesis enticed residents to invest without proper registration.
James Bromley reported that a large portion of FTX’s assets remain unaccounted for. He claimed that FTX has begun adding measures to safeguard its clients’ assets under the leadership of John J. Ray III.
Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.
The Supreme Court of Bahamas ordered FTX to pay reimbursement fees to the Securities Commission of the Bahamas for holding the firm’s digital assets since November 11.
The Chair of the Subcommittee on Economic and Consumer Policy has issued a letter to FTX’s former and current CEOs requesting more details on FTX’s collapse.
The Bahamian Supreme Court has approved two insolvency experts from Pricewaterhouse Coopers (PwC) to act as joint provisional liquidators overseeing FTX assets. The Commission continues its investigation and is ready to help the police if needed.
The Bahamas Securities Commission has frozen FTX Digital Markets’ assets following allegations against the crypto exchange. As a result, FDM directors cannot make any transaction without the Commission’s approval.
Do Kwon, and Terra’s founding member, Nicholas Platias, are currently facing a new $57 million lawsuit filed by 359 aggrieved investors in Singapore. This is an addition to the numerous legal battles he is facing.
Singapore wants to ban retail investors from borrowing funds to trade cryptocurrency and generating returns from lending and staking. But it does not seek to prohibit crypto services outrightly.
The House of Commons voted to recognize crypto assets as financial instruments. This will allow the authorities to regulate crypto assets under the Financial Services and Markets Bill.
