FTX CEO believes KYC tools can be useful to the US crypto market
FTX is putting in measures to adapt to the issues of regulations around the crypto industry, considering the fact that many crypto firms have had to close their doors because of the ongoing government scrutiny. FTX CEO Sam Bankman-Fried has been public about his continuous efforts to adapt to evolving restrictions around running crypto firms, […]
House of Reps. member proposes a new bill for the regulation of digital assets
US House of Reps. member, Don Beyer has called for the regulations of digital assets including fiat-based stablecoin. The bill aims to improve transparency, reporting, and anti-money laundering enforcement. A new measure introduced by Virginia Democrat Don Beyer in the United States House of Representatives proposes a broad regulatory and legal framework for digital assets. […]
Binance will do better with regulations from now on – CZ Binance
“I don’t think I’m the best person to lead that effort. I think having somebody with a very strong regulatory background is actually better said Binance CEO Changpeng Zhao while talking about keeping up with regulations. Binance’s CEO and founder, Changpeng Zhao, has stated that the largest cryptocurrency exchange will collaborate with local regulators as […]
Binance’s charity foundation in Malta is facing regulatory action
The Binance-run Blockchain Charity Foundation may face legal trouble as Malta has issued a warning to the exchange after three years of failure to file accounts. In a letter dated July 23, the commissioner’s office stated that the world’s largest crypto exchange had “ignored” yearly warnings to file its accounts for 2018, 2019, and 2020. […]
Brazilian police seize $33M in crypto money laundering case
In a quest to stop activities of money laundering in the state using crypto exchanges, the Brazilian civil police have seized R$172 million ($33 million in US dollars), from different exchanges. Brazilian police executed six search warrants during the “Exchange” investigation in Sao Paulo and Diadema, following which the Brazilian judiciary ordered freezing accounts and […]