Cryptocurrency Analysis and News Portal
Dubbed “Crypto Mom” by many in the industry for her crypto-savvy, Peirce has been a longtime opponent Gensler’s enforcement-heavy approach to regulation. Gensler has been reluctant to share specifics on how crypto companies can comply with regulations, instead choosing to regulate through enforcement actions. Original Source
Read More
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.” SEC Strengthens Enforcement
Read More
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto.In a Thursday hearing of the House Financial Services Committee on ‘Oversight of the Financial Crimes
Read More
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement
Read More
According to Reuters, last April, Binance head of Eastern Europe and Russia, Gleb Kostarev, met with Russia's anti-money laundering agency, Rosfinmonitoring (Rosfin). According to Kostarev's messages reviewed by Reuters, he "consented to Rosfin's request to agree to share client data," telling a colleague he didn't have "much of a choice,"
Read More
The NCA called for regulation of crypto mixing tech as it may be used by criminals to legitimize illegal transactions. Source
Read More
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog,
Read More
Prior to the reveal, Patryn – then working under the pseudonym “Sifu” – and Wonderland founder Daniele Sestagalli grew notorious for aggressively leveraging one of DeFi’s trendiest new tools: Protocol Controlled Value, or PCV. According to the Wonderland documentation, PCV is a term for “the amount of funds the treasury
Read More
Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s lack of enforcement authority in the digital asset space.At a Wednesday hearing titled “Examining Digital Assets: Risks, Regulation, and Innovation,” Behnam told lawmakers with the Senate Committee on Agriculture, Nutrition, and Forestry that
Read More
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request of international law enforcement.” 281 Nigerian Accounts Restricted by Binance, CEO Says 79 Cases Have Been Resolved Cryptocurrency exchange Binance has sent
Read More