Coinbase Sees Potential with Ethereum, USDC Integration
Coinbase is fitting itself for a future of interoperability in which one billion customers will utilize decentralized applications across blockchains owing to an ETH and USDC integration Coinbase’s Ethereum layer-2 Base blockchain will save time on Know Your Customer (KYC) and Anti-Money Laundering (AML) with identity attestation via the Ethereum Attestation service and Coinbase verification, which […]
Binance Receives $4.4M Fine for AML, CFT Violations in Canada
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $4.4 million on cryptocurrency exchange Binance. FINTRAC informed Binance Holdings Limited on May 9 that penalties had been levied in retaliation for the company’s failure to adhere to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. […]
WisdomTree Prime Begins Crypto Trading Amid Internal Turmoil
WisdomTree Prime launched trading in New York for its crypto unit, in direct opposition to the desires of certain shareholders. The official launch of WisdomTree Prime, the financial ecosystem app, in New York signifies the expansion of the platform’s crypto trading services. New Yorkers can now utilize the platform’s access to digital assets, including gold tokens and […]
DCG Q1 Revenue Rises to $229 Million, Grayscale’s Remain Flat
Grayscale Investments, operator of GBTC Bitcoin ETF, recorded $156 million in Q1, with parent company DCG’s revenue rising 11% to $229 million. Digital Currency Group, the parent company of Grayscale Investments, has disclosed revenue growth for the first quarter of 2024. In January, following its conversion to a spot Bitcoin exchange-traded fund (ETF), Grayscale decided to […]
Taiwan Imposes Strict Jail Time Laws Targeting Crypto Firms
Taiwan’s Ministry of Justice proposes stricter AML measures for the crypto industry, shifting from administrative to criminal penalties for non-compliance. The amendments the Ministry of Justice of Taiwan put forth aim to strengthen anti-money laundering (AML) protocols in the cryptocurrency sector. If implemented, the novel suggestions will significantly depart from the existing system, where administrative […]