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On Wednesday, the SEC issued Coinbase a Wells notice, which informs businesses that it is planning future enforcement action against them. Coinbase said in a filing with the SEC that it believes any action "would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and
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On the evening of Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the United States Department of Justice (DOJ) unsealed a complaint in federal court charging him with “conducting
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“If needed, we welcome a legal process to provide the clarity we have been advocating for and to demonstrate that the SEC simply has not been fair or reasonable when it comes to its engagement on digital assets," said Paul Grewal, Coinbase's chief legal officer, in a statement. "Until then,
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Crypto exchange Coinbase said it received a 'Wells Notice' from the United States Securities and Exchange Commission recommending the regulator take enforcement action.In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking program Coinbase Earn, listed digital assets, its wallet, or Coinbase Prime
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The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds. Source
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The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action.According to a March 6 announcement, the SEC filed an emergency action on Feb. 23 against investment adviser BKCoin and one of the
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Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to
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Indian Crypto Exchange BitBNS didn't make a hack worth $7.5 Million on February 1, 2022 public to its users and instead told them it was "system maintenance" because "law enforcement" authorities advised them against it. Source
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The regulator has maintained a steady stream of crypto cases over the past couple of years, but recent weeks saw a spate of enforcement actions and accusations that could form the basis of a kind of shadow rule for digital assets in the absence of formal cryptocurrency policy the industry
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A source that works with law enforcement on these matters said that the relationship between Binance and the DEA is “pretty tight.” DEA officials and Binance staff regularly meet to share intelligence, which is used to calibrate Binance’s anti-money laundering policies and assist DEA operations, the individual said. Original Source
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