The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being BitcoincryptoexchangeExchangesFounderJustinManipulationMarketNewsOfferingRegulationSECSecuritiesSuesSunTRONUnregistered Read More
Katharine Wooller, Business Unit Director at Coincover Thinks the FCA is taking an incouraging step. She feels that the UK’s approach to regulation has been sluggish, so she thinks more proactivity to protect users is a positive step.
“Trust in cryptocurrencies has collapsed once again following the FTX scandal. And if BlockchainClampCryptoATMsFCAJobsNewsOpinionPlanningUnregistered Read More
In 2022, the citizens of South Korea transacted $4.3 billion (5.6 trillion Korean won) through 'illegal' crypto exchanges, according to local sources. The country’s government has been especially attentive toward such money movement amid the tightening regime of licensing. On March 7, the local media published the numbers the Korea Customs BitcoinCryptocryptoexchangeExchangesKoreaSouthTransactionsUnregistered Read More
"The staff believes – based solely on the facts and circumstances currently known to the staff – that the offering and sale of VGX tokens has the attributes of a securities transaction," he said. "The staff also believes that Binance US is operating an unregistered securities exchange in the United BinanceBitcoincryptoexchangeExchangeExchangesOfficialOperatingSECSecuritiesUnregistered Read More
New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with the U.S. Securities and Exchange Commission (SEC) even AttorneyBitcoinClaimsCoinexCryptocryptoexchangeExchangeExchangesGeneralNewsOffersPlatformRegulationSecuritiesSuesTradingUnregisteredYork Read More
Federal and New York regulators object to the billion-dollar deal, saying it is potentially unlawful and discriminatory.
Original Source AllegingBinance.USDealObjectsSaleSECSecuritiesUnregisteredVoyager Read More
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot BitcoinConsideredcryptoexchangeExchangesFederalJudgeNBANewsNFTsRulesSecuritiesShotTopUnregistered Read More
The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs).THe FCA and the cyber team at West Yorkshire Police have taken action against several sites in and around Leeds city suspected of hosting illegally operated crypto ATMs.Announcing the news on Feb. 14, actionATMsBitcoinCryptoCurrencycryptoexchangeExchangesFCAIllegalUnregistered Read More
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil BitcoinCasecryptoexchangeExchangesKrakenMillionNewsOfferingPaysProgramRegulationSECServicesSettleStakingUnregisteredWinds Read More
Self-directed IRAs sometimes offer crypto investments, the SEC said, and those “may be securities that are offered without SEC registration or a valid exemption from registration, and may not be accompanied by complete or accurate information to aid investors in making informed decisions.”
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