CFTC Targets DeFi Platforms For Illegal Crypto Derivatives Trading
The US CFTC identifies three DeFi platforms that facilitated illicit trading of digital asset derivatives and violated agency rules. The U.S. Commodities and Futures Trading Commission, has taken enforcement actions against three decentralized finance (DeFi) firms for the alleged illicit trading of digital asset derivatives. On Thursday, September 7, the CFTC charged three DeFi firms […]
MAS Regulatory Sandbox Lacks Qualified Crypto Payment Providers
The Monetary Authority of Singapore (MAS) has stated that no businesses have qualified to participate as crypto payment providers in its FinTech Regulatory Sandbox framework. The MAS clarified in response to a Financial Times letter criticizing the Singaporean government’s lack of public consultation and oversight on crypto adoption that the country does not have a […]
DCG Accused of Early Knowledge on Genesis, FTX, and 3AC
Digital Currency Group (DCG) is accused of having advanced knowledge of the bankruptcy situations of Genesis, FTX, and 3AC. In a startling turn of events that sent shockwaves through the cryptocurrency community, the founder of X3, Andrew, made shocking claims against Digital Currency Group (DCG) on X (Twitter). In Andrew’s tweet, DCG is accused of […]
Thodex Crypto Exchange CEO Sentenced to 11,196 Years
Faruk Fatih Ozer, the CEO of Thodex, was sentenced to 11,196 years in prison for offenses such as fraud and money laundering. A Turkish court sentences Faruk Fatih Ozer, CEO of the Turkish cryptocurrency exchange Thodex, to 11,196 years in prison for multiple offenses, including fraud, leading a criminal organization, and money laundering. The largest […]
Nomura Crypto Division Loses Profit During Market Downturn
Nomura lowers its profit projections for Laser Digital in light of the dwindling trading volumes in the crypto market and places wagers on BlackRock’s entry. In light of the recent decline in the cryptocurrency market, the banking behemoth Nomura Holdings Inc. recently stated that its cryptocurrency unit, Laser Digital, may take longer than anticipated to […]