US Authorities Confiscate $54 Million In Ethereum From Convicted Drug Dealer
In recent developments, US authorities led by US Attorney Philip R. Sellinger successfully seized $54 million worth of Ethereum (ETH) from Christopher
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Dealer
Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million – Featured Bitcoin News
Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement
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Kraken aims for restricted dealer registration in Canada to comply with new rules
Crypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. U.S.-based Kraken is already active in Canada and is acting to comply with new guidance.Kraken is registered in Canada as a money services business and has been operating there for over
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Canadian Self-Regulatory Agency Approves First Crypto-Native Investment Dealer
“Becoming an IIROC dealer and member of IIROC, it gives clients the security that they’re dealing with an intermediary, a securities dealer, with all the sorts of protections and oversight that they’re familiar with when they trade traditional assets,” Prokopy said. “And, heretofore, that has not been the case.” Original Source
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IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime dealer. The IRS filed suit to receive the order, which directs SFOX to reveal the identities of
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IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
The court order, approved by a judge in the Central District of California, authorizes the IRS to serve the summons against SFOX, asking for information about any "U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency between 2016 and 2021 with or through SFOX." SFOX
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Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
It's a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of Canada's then-largest cryptocurrency exchange QuadrigaCX, died under mysterious circumstances in India. But, before his passing, Cotten took virtual keys for digital wallets and moved them into cold
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FalconX Tests Waters as First Full-Fledged Crypto Derivatives Dealer
Fierce volatility and other complications unique to crypto markets “could theoretically be addressed by robust margin requirements and risk management,” said Dan Awrey, a professor who teaches derivatives policy at Cornell Law School. Still, he added that “smaller firms, with fewer counterparties and exposure to highly correlated market risks, are
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The SEC’s New Proposal to Redefine ‘Dealer’ Could Spell Bad News for DeFi
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Crypto dealer SFOX gets trust charter approval from Wyoming regulators
The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional clients.In a Tuesday announcement, SFOX said the Wyoming trust charter will allow the firm to operate in the state as the SAFE Trust Company,
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