The Many Layers of the SEC’s First NFT Enforcement Action
The Many Layers of the SEC’s First NFT Enforcement Action Source
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Enforcement
SEC Issues First Enforcement Action Targeting NFTs
Impact Theory, a California-based media company, raked in nearly $30 million selling three tiers of NFT offerings the SEC deemed to be securities, according to a Monday statement from the markets regulator. The NFTs qualify as securities because Impact Theory’s team promised investors would profit off the collectibles, touting their
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Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama
This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin. Binance’s SEPA concerns Binance emerged as a focal point of attention this week, owing to a sequence of circumstances. The official
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OpenSea to deactivate its royalty enforcement system
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OpenSea deactivates its royalty tool, aiming for transparency and creator empowerment amidst NFT market shifts. Devin Finzer, the founder of the OpenSea NFT marketplace, has announced that it will be deactivating its royalty enforcement tool. Starting Aug. 31,
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NFT marketplace OpenSea to disable royalty enforcement tool
Nonfungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — that allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug. 31, according to an Aug. 17 statement by OpenSea founder and CEO Devin Finzer.
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UK FCA unveils guidelines for crypto operators ahead of ‘Travel Rule’ enforcement
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied From Sep. 1, 2023, crypto businesses in the UK will be legally required to collect, verify, and share transfer information, under the so-called “Travel Rule.” This directive, endorsed by the Financial Action Task Force (FATF), seeks to
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Federal Reserve issues enforcement action against FTX-linked US bank
The Federal Reserve Board of the United States and the Washington State Department of Financial Institutions have announced an enforcement action against Farmington State Bank, a financial institution whose parent company received more than $11 million from Alameda Research.In an Aug. 17 announcement, the Fed said the enforcement action was
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FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action
Farmington, which operates under its Moonstone Bank name, “improperly” pivoted to a pro-digital assets business plan in 2022 without notifying, and obtaining approval from, its supervisors, the document said. The joint enforcement action from the Federal Reserve Board and the Washington State Department of Financial Institutions bars the Washington state-based
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“We are continuing to deliver for the public” – ICO publishes practice recommendations and enforcement notices on FOI
The ICO has today published action on five public bodies – Liverpool City Council, London Borough of Tower Hamlets, the Medicines & Healthcare Products Regulatory Agency, the Ministry of Defence and the Environment Agency - for failures to meet expected standards in responding to Freedom of Information Act requests. Original Source
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Deloitte, Chainalysis alliance to give law enforcement a crypto edge
Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.Announced during a Chainalysis conference in Washington DC on July 25, the tie-up will see Chainalysis’ blockchain datasets, analytics software and training programs assist Deloitte’s clients with their crypto forensic,
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