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FCA Warns of 2 Years Imprisonment for Unauthorized Crypto Asset Financial Promotions

The FCA said a crypto asset business registered under the MLRs with the agency could conduct the promotion. The UK Financial Conduct Authority (FCA) has warned crypto companies within the nation to get ready for new rules on crypto asset promotions. The financial watchdog released a statement on the 6th of

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Bitmex’s Hayes Avoids Imprisonment, Gets 2 years Probation, 6 Months House Arrest For Violating the US Bank Secrecy Act

Summary: Bitmex founder, Arthur Hayes, will not spend a single day in jail for violating the U.S. Bank Secrecy Act. Mr. Hayes has been sentenced to two years probation with the first six months in home confinement. Arthur Hayes also agreed to forfeit $10 million in a plea deal. However, the assistant U.S. attorney

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