Binance, the popular crypto trading platform, recently achieved a significant regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND). This move marks the expansion of Binance’s compliance to 19 different jurisdictions, setting a new standard in the industry. The exchange views these registrations as a testament to its commitment to anti-money laundering (AML) standards
Regulation
Binance, one of the world’s largest cryptocurrency exchanges, has recently faced regulatory scrutiny in Brazil. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, conducted a year-long investigation into Binance’s activities in the country. The investigation unveiled allegations of unlicensed derivatives trading, prompting the CVM to take action against the exchange. Despite warnings and orders
As discussions between the White House and industry leaders heat up, there is a growing expectation for the Biden administration to release a crypto regulation roadmap. Pro-Bitcoin Democrat House Representative Ro Khanna anticipates that this roadmap will be unveiled “in the coming weeks.” The aim is to provide clear guidelines for companies to stay compliant
Coinbase, a leading cryptocurrency exchange, has taken a strong stance against the US Securities and Exchange Commission’s (SEC) proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). The company’s Chief Legal Officer, Paul Grewal, argued in a letter to SEC Secretary Vanessa A. Countryman that the proposed rule is deeply flawed and
Tyler Winklevoss, co-founder of Crypto exchange Gemini, recently took to social media to criticize the crypto stance of Vice President Kamala Harris, labeling it as a “scam”. This comes in light of the Federal Reserve’s crackdown on Customers Bank, a crypto-friendly bank in the U.S. Winklevoss’ comments come shortly after Harris failed to attend a
The Securities and Exchange Commission of Thailand (SEC Thailand) has recently announced the launch of a Digital Asset Regulatory Sandbox. This initiative is aimed at supporting the testing and development of services related to digital assets within a regulated environment. By providing a structured platform for businesses to explore innovative solutions, the sandbox seeks to
Recently, OKX CEO Star Xu issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer Tornado Cash. In a statement made via the social media platform X (formerly Twitter), Xu highlighted the fact that deposits from sanctioned entities, such as Garantex and Tornado Cash, or withdrawals to these
Speculations are rising about the addition of options features to spot Bitcoin exchange-traded funds (ETF) in the US market, with Bloomberg ETF analyst James Seyffart suggesting that it could happen as early as the third quarter. While the final deadline for a decision from the US Securities and Exchange Commission (SEC) is around Sep. 21,
After a four-year-long legal battle between Ripple and the US Securities and Exchange Commission (SEC), the court has finally reached a verdict. The District Judge Analisa Torres from the District Court of the Southern District of New York has imposed a $125 million fine on Ripple as a civil penalty for violating securities laws. This
The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Coinbase has taken a contentious turn, with the SEC firmly opposing Coinbase’s motion to compel additional discovery. The dispute revolves around Coinbase’s extensive requests for documents, which the SEC argues are irrelevant and overly burdensome. Key Points Against Coinbase’s Motion In a