Regulators

Posted by | December 9, 2023
Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts

A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department,...

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Posted by | December 9, 2023
US SEC and Financial Firms Now Discussing ‘Key Technical Details’ of Spot Bitcoin ETF Applications: Report

The U.S. Securities and Exchange Commission (SEC) is reportedly discussing crucial technical details with financial firms that applied for spot market Bitcoin (BTC) exchange-traded funds (ETFs). According to a new...

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Posted by | December 8, 2023
Judge Bars Former Binance CEO Changpeng Zhao From Leaving the US Until His Sentencing Slated for February

A judge has ruled that former Binance chief executive Changpeng Zhao is a flight risk and has banned him from leaving the US until he’s sentenced in February. In a...

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Posted by | December 8, 2023
Montenegro Primed To Ship Disgraced Terra (LUNA) Founder Do Kwon to US To Face Fraud Charges: Report

The Balkan nation Montenegro is reportedly looking to extradite disgraced Terra (LUNA) founder Do Kwon to the United States. Citing “people familiar with the matter,” the Wall Street Journal reports...

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Posted by | December 7, 2023
$181,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’

Hundreds of billions of dollars worth of fines have been paid by the four biggest banks in the US as JPMorgan’s chief executive sounds off against digital assets, saying they...

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Posted by | December 6, 2023
European Central Bank Says Crypto Assets May Be Acting As Legitimate Store of Value in New Report

The European Central Bank (ECB) says that Bitcoin (BTC) and other digital assets have been playing the role of a store of value for many people around the world. In...

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Posted by | December 6, 2023
IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023

The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a new annual report that the number of digital...

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Posted by | December 6, 2023
Robinhood CEO Says Potential Fed Rate Cuts and Two Additional Catalysts Boosting Crypto Optimism

Robinhood CEO and co-founder Vlad Tenev says that potential rate cuts by the Federal Reserve and two other things are sparking optimism in the crypto space. In a new interview...

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Posted by | December 5, 2023
US Crypto Firms Break New Record, Spending $18.96 Million on Lobbying in 2023: Report

US crypto firms are reportedly breaking records in terms of how much they’ve spent on lobbying in 2023. According to a new report by Reuters, the US crypto industry spent...

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Posted by | December 4, 2023
Crypto.com Gets Regulatory Approval for Electronic Money Institution in UK With Financial Conduct Authority

Crypto.com is announcing that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). In a new announcement, the crypto exchange says that...

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