Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The SEC is in the late stages of an investigation of the company's possible sale of unregistered securities, according to the story. Source
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Settlement
Yuga Labs Reaches Settlement in Bored Ape NFTs Trademark Lawsuit
“I am happy to have resolved the Yuga Labs, Inc. v. Lehman trademark lawsuit in the [U.S. District Court] Northern District of New York,” Lehman said in a statement provided to CoinDesk. “It was never my intention to harm Yuga Labs’ brand, and I reject all disparaging statements made about
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Nexo agrees to $45M settlement with SEC and NASAA over earn product
Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP). The news was announced by the SEC
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Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
The U.S. Securities and Exchange Commission (SEC) charged crypto lender Nexo with failing to register the offer and sale of its Earn Interest Product (EIP). Nexo has agreed to pay a $22.5 million fine to the SEC and another $22.5 million to settle similar charges by state regulators. Source
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Binance Launches Off-exchange Settlement Solution Binance Mirror for Institutional Investors
Binance announced it recorded a huge influx of institutional investors interested in digital assets during the fourth quarter of 2022.The Binance cryptocurrency exchange, the world leading digital asset exchange on daily traded volume and global regulations, has announced the launch of its off-exchange settlement solution for institutional investors dubbed Binance
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Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients – Bitcoin News
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets will be mirrored on their Binance exchange account
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Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine.The plans to move forward with Russia’s digital ruble are expected to come in the first quarter of 2023 and will
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Coinbase Stock Climbs 12% Following NYDFS $100M Settlement
Major exchange Coinbase saw its stock rise markedly after it announced a settlement with a state financial services regulator. Coinbase Global Inc (NASDAQ: COIN) stock jumped 12% Wednesday on news that it had reached a settlement with a New York regulator. According to reports, the leading American crypto exchange
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Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
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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Coinbase reaches $100M settlement with NY regulators
New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services. The fine was issued after regulators found the company had allowed customers
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