Cryptocurrency Archives - Page 3 of 12

Coinbase wins $470K restitution in insider trading case

Jack J. Kelly Coinbase, Cryptocurrency, Insider Trading April 12, 2023

The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme. According to a New York District Court filing signed on April 6 and made public on April 10, Nikhil Wahi — brother ...Read More

0 Comment

Binance Compliance Chief Calls His Job One of the ‘Most Challenging’

Jack J. Kelly Chief Compliance Officer, Cryptocurrency, Regulators April 10, 2023

Noah Perlman, the newly hired global chief compliance officer at Binance Holdings Ltd., said the regulatory environment for the cryptocurrency industry has made his job one of the “most challenging opportunities in compliance.” Mr. Perlman, speaking at a crypto industry conference on Tuesday, said ...Read More

0 Comment

New York regulator could set world standard for crypto

Jack J. Kelly Cryptocurrency, Digital Assets, Regulators April 10, 2023

New York regulators are poised to set the benchmark for crypto firms in the U.S. and worldwide with its licensing regime that the crypto industry covets and loathes for its attainability. State of play: Superintendent Adrienne Harris took the helm of the state’s Department of Financial Services in January ...Read More

0 Comment

U.K. Plans to Invest $495 Million in Economic Crime Crackdown

Jack J. Kelly Cryptocurrency, Financial Crimes, Money Laundering April 3, 2023

The U.K. government said it would hire 475 financial crime investigators and change laws around corporate crime as part of a new plan to crack down on economic crime. The three-year plan, unveiled Thursday, calls for new spending of £400 million, equivalent to $495 ...Read More

0 Comment

Policymakers Didn’t Regulate Crypto ‘Because They Thought It Would Essentially Die’

Jack J. Kelly CFTC, Cryptocurrency, Securities and Exchange Commission April 3, 2023

The latest uptick in regulatory action around the globe may be due to policymakers finally waking up to cryptocurrencies. On a recent panel at the Citi Digital Money Symposium in London, which touched on crypto regulations in the United Kingdom, Europe, and the United ...Read More

0 Comment

What does the CFTC lawsuit against Binance mean for Coinbase? Analysts weigh in

Jack J. Kelly CFTC, Cryptocurrency, Securities and Exchange Commission April 3, 2023

The Commodity Futures Trading Commission on Monday hit out at the world’s largest cryptocurrency exchange with an explosive lawsuit alleging, among other things, that Binance knew it was facilitating trading for criminals. “Like come on. They are here for crime,” Samuel Lim, Binance’s former ...Read More

0 Comment

SEC’s Gensler Seeks $2.4 Billion In Funding To Chase Down Crypto ‘Misconduct’

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission March 31, 2023

United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.” United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. ...Read More

0 Comment

Crypto Crackdown: Here Are All The Major Crypto Firms Facing Charges From Regulators This Year

Jack J. Kelly CFTC, Cryptocurrency, SEC, Securities and Exchange Commission March 30, 2023

The cryptocurrency trading platform Beaxy announced Wednesday it will shut down due to a lawsuit from the Securities and Exchange Commission accusing it of skirting federal law, becoming the latest firm to be ensnared in a wide-ranging crackdown on allegedly illegal crypto activity. TIMELINE ...Read More

0 Comment

Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges

Jack J. Kelly CFTC, Compliance, Cryptocurrency, Money Laundering March 30, 2023

The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance, its co-founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, alleging that Binance actively solicited U.S. users and subverted the exchanges own “ineffective compliance program,” according to a filing in ...Read More

0 Comment

An SEC Watchdog’s Take on Crypto Rules: Everyone Would Be Better Off

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission, Wall Street March 29, 2023

Crypto has become a divisive issue in Washington, and the Securities and Exchange Commission is at the heart of it. The SEC recently notified the big crypto exchange Coinbase Global that it’s likely to sue the company over several business practices. Regulators are also bringing enforcement against other ...Read More

0 Comment