Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market. Source
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Ordered
Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers
"Voyager has made various representations online, including its website, mobile app, and social media accounts, stating or suggesting that: (1) Voyager itself is FDIC-insured; (2) customers who invested with the Voyager cryptocurrency platform would receive FDIC insurance coverage for all funds provided to, held by, on, or with Voyager; and
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First Mover Americas: BTC Dips; 3AC Liquidation Reportedly Ordered by BVI Court
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 29, 2022. Source
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Three Arrows Capital Liquidation Ordered in British Virgin Isles: Report
The liquidation of crypto hedge fund Three Arrows Capital (3AC) has been ordered in a court in the British Virgin Islands, according to a report by Sky News. Source
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BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The cost of running a crypto business in New York is about to rise with the state government gearing up to require companies holding a BitLicense to pay assessment fees to ensure they’re complying with regulations.The rule was included in New York State’s FY2023 budget signed into law on April
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Voyager ordered by New Jersey to ‘cease and desist’
The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.Voyager Digital (VGX) is a centralized, crypto-based staking, trading, and lending platform.The order claims that each of the crypto staking and lending accounts issued through the
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Terra, CEO Do Kwon Ordered to Comply With SEC Subpoena Related to Mirror Protocol Investigation
A U.S. District Court judge in New York ordered Terraform Labs and its CEO Do Kwon to comply with subpoenas the U.S. Securities and Exchange Commission (SEC) issued in its investigation of Terra’s Mirror Protocol, according to a filing dated Feb. 17. Source
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2 Lending Platforms Ordered to Shut Down – Regulation Bitcoin News
New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks
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Circle Ordered to Hand Over Customer Records to IRS
Circle was quick to release a statement, ensuring that there would be full cooperation with IRS, and assuring their clients of the safety of their assets.The IRS is no stranger to going after the tax records of cryptocurrency companies, in 2016, crypto company Coinbase was forced to eventually produce client
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Coinbase Ordered to Pay $6.5M by the CFTC for Wash Trading
Summary:The CFTC has ordered Coinbase to pay $6.5 million for ‘false, misleading or inaccurate reporting and wash trading’Coinbase is also ordered to cease and desist from any further violations of the Commodity Exchange actThe accusations center on trading activities on Coinbase between January 2015 and September 2018The Commodity Futures Trading
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