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Financial authorities in Germany are raising the alarm amid the rapid spread of a new financial malware affecting banking and cryptocurrency applications.Germany’s Federal Financial Supervisory Authority (BaFin) released an official statement on Jan. 9, warning consumers of “Godfather,” a malware collecting user data in banking and crypto apps.BaFin emphasized that
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The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws. Source
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The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission is disappointing,” the Bahamian regulator stressed. Bahamas Regulator and
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Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were
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"Today Coinbase and NYDFS have come to an agreement to settle a NYDFS investigation, disclosed in our 2021 annual 10K filing, into our historical compliance program," wrote Paul Grewal, Coinbase's Chief Legal Officer, in an email to CoinDesk. "Coinbase has taken substantial measures to address these historical shortcomings and remains
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The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in Israel, according to the regulator.The regulator released a proposal in January 2023, outlining its purpose to achieve the “double value”
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The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses concern that the investigation has been ‘impeded.’According to a statement released on Jan.3, The Securities Commission of The Bahamas (SCB) has had to correct material misstatements made by John J. Ray III, the representative of the
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The California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings over two days against crypto brokers and websites it suspects of being fraudulent.The list includes Tahoe Digital Exchange, TeleTrade Options, Tony Alin Trading Firm, Hekamenltd/Tosal Markets Limited, Trade 1960, Yong Ying Global Investment Company Limited,
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The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC Warns About
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Assets will have to comply with current regulations approved this week by the country’s outgoing President Jair Bolsonaro. Source
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