Digitex Futures CEO Faces Charges for Violating Bank Secrecy Act
Federal authorities in the United States have filed charges against Adam Todd, the founder and chief executive officer of Digitex Futures Exchange, on suspicion of violating the Bank Secrecy Act through his failure to establish and execute an Anti-Money Laundering (AML) program. Critical to the struggle against financial crimes is the Bank Secrecy Act (BSA). […]
Uniswap Founder Warns Users of ENS Wallet Scam
Hayden Adams, the founder of decentralized exchange (DEX) Uniswap, has warned the cryptocurrency community concerning a fraudulent scheme that uses wallet addresses disguised as Ethereum Name Service (ENS) domains. Adams issued a warning on X on February 14 regarding fraudsters posing as his Ethereum wallet. The executive explained that the fraudsters registered an address for […]
EU Legislators Agree on World’s First AI Legislation
On February 13, EU legislators of the European Union agreed on the regulations for artificial intelligence (AI), paving the way for the first legislation in the world to have an AI focus. By a vote of 71-8, the Internal Market and Civil Liberties Committees approved the provisional agreement on the AI Act. The legislation aims […]
Ripple CLO Criticize Gary Gensler Again Amid DEBT Box Backlash
According to Ripple CLO, the SEC, under the leadership of Gary Gensler, is acting as if it is exempt from responsibility for the repercussions of its decisions. Stuart Alderoty, Chief Legal Officer of Ripple, has directed yet another jab at Gary Gensler’s SEC leadership. This follows recent criticism of the agency’s conduct in the DEBT […]
Japan FSA Suggests Halting P2P Fiat to Crypto Transactions
Japan’s primary financial regulator, the Financial Services Agency (FSA), has recommended several safeguards to prevent “illicit transfers” to cryptocurrency exchanges. One of which is controlling the peer-to-peer (P2P) transaction market. The FSA issued a request to Japanese institutions on February 14. The regulator reports that the country’s fraudulent transactions continue to be prevalent, mostly involving […]