Author: Wayne Jones
Bulgaria Source: CryptoPotato
Sep 08, 2024 01:00
US Fed Issued Cease and Desist Order Against Crypto-Friendly United Texas Bank
UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.
View DetailsAuthor: Cointelegraph by Savannah Fortis
United States Source: Cointelegraph.com News
Sep 07, 2024 12:00
X complies with EU data laws, stops AI chatbot data collection
X has resolved its legal battle with the European Data Protection Commission by agreeing to halt AI data collection practices and erase user data.
View DetailsHong Kong Source: Blockchain News
Sep 07, 2024 02:15
IOTA Strengthens European Blockchain Leadership Through Key Partnerships and Compliance
IOTA Foundation drives blockchain innovation in Europe with strategic partnerships and adherence to EU regulations, positioning itself as a leader in Web3 and sustainable DLT applications. (Read More)
Author: Sritanshu Sinha
United States Source: CryptoNewsZ
Sep 06, 2024 03:00
Coinbase CLO: Trump & Harris Consult Crypto Industry Leaders for Policies
Former President Donald Trump and current Vice President Kamala Harris are in a heated race to win the…
View DetailsAuthor: Ronaldo Marquez
United Kingdom Source: NewsBTC
Sep 06, 2024 12:05
DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions
Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022. The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading. Alleged Violations And Settlement Revealed According to the DOJ, Robinhood violated the California Commodities Law (CCL) by enabling customers to purchase cryptocurrencies without delivering these assets to them, effectively selling commodities contracts without adhering to legal requirements. Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why During the specified period, customers could not withdraw their cryptocurrencies and were forced to sell their holdings back to Robinhood to exit the platform. California Attorney General Rob Bonta stated: This settlement should send a strong message: Whether you’re a brick-and-mortar store or a cryptocurrency company, you must adhere to California’s consumer and investor protection laws. The investigation alleged that Robinhood misled customers about its trading practices. The DOJ claims that the platform promoted itself as connecting users to multiple trading venues to ensure competitive pricing, but the DOJ found that this was not consistently accurate. Additionally, Robinhood claimed that it held all customer-owned cryptocurrencies, failing to disclose instances where third-party trading venues held these assets for extended periods. Robinhood Measures Post-Settlement As part of the settlement, Robinhood has agreed to several measures aimed at improving transparency and customer trust. Customers will now be permitted to withdraw their cryptocurrency assets to their own wallets. Additionally, Robinhood must ensure that its written communications accurately reflect its actual trading and order handling practices. The company will also provide clear information regarding its custody of cryptocurrencies. Related Reading: XRP Rides High As Major Japanese Exchange Adds SupportDetails Lastly, Robinhood is required to report any incidents that result in settlement delays exceeding one week to the California Department of Justice. Featured image from DALL-E, chart from TradingView.com
View DetailsAuthor: Wayne Jones
Bulgaria Source: CryptoPotato
Sep 06, 2024 01:00
Uniswap Labs Faces $175K Penalty for Leveraged Crypto Trades
Uniswap has also been required to halt the illegal offerings and will ensure compliance with the Commodity Exchange Act moving forward.
View DetailsAuthor: Cointelegraph by Pradipta Mukherjee
United States Source: Cointelegraph.com News
Sep 06, 2024 12:00
Over 600 Bitcoin ATMs went offline globally in 2 months
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
View DetailsAuthor: Martin Young
Bulgaria Source: CryptoPotato
Sep 05, 2024 01:00
Cantor Fitzgerald CEO: Bitcoin Dipping its Toe into Global Finance
Huge players in traditional finance (TradFi) are now acknowledging bitcoins place in the financial sector, and the latest to do so is Howard Lutnick.
View DetailsAuthor: Florence Muchai
United States Source: CryptoNewsZ
Sep 05, 2024 03:00
Russia Begins a Trial of Cross-Border Payment Using Crypto
The war between Russia and Ukraine has entered its third year. During this time, Western allies in Ukraine…
View DetailsAuthor: Cointelegraph by Josh O'Sullivan
United States Source: Cointelegraph.com News
Oct 01, 2024 12:00
FTX creditors to receive only 1025% of their crypto back, CZ walks free: Law Decoded
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Oct 01, 2024 01:35
Ohio Senator Suggests Normalising Use Of Crypto, Introduces Bill To Legalise Crypto Payments
In a latest development, Niraj Antani, a State Senator in Ohio, has introduced a Bill that, if passed, would legalize crypto payments in the State. With a few months to the Presidential election, it remains unknown how State lawmakers will approach this new Bill and proposal. TODAY: I introduced a bill the legalize the use …
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Oct 01, 2024 01:35
Bithumb Crypto Exchange Aims For A Nasdaq Listing As It Seeks Global Expansion
Bithumb, one of South Koreas largest crypto exchanges is considering a listing on the U.S. Nasdaq, the company told at a temporary shareholders’ meeting held on the 30th, according to Korea Economic Daily. Bithumb IPO Coming Up In late 2023, the exchange was reportedly planning to go public by listing its shares on Kosdaq, the …
View DetailsAuthor: Cointelegraph by Josh O'Sullivan
United States Source: Cointelegraph.com News
Oct 01, 2024 12:00
Taiwan opens digital asset ETF market to professional investors
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
View DetailsAuthor: Niharika Deshpande
United States Source: CryptoNewsZ
Sep 04, 2024 03:00
SEC Charges Galois Capital for Crypto Safeguard Failures
The U.S. Securities and Exchange Commission (SEC) charged Galois Capital Management LLC, a Florida-based crypto-focused advisory firm, with…
View DetailsAuthor: Wayne Jones
Bulgaria Source: CryptoPotato
Sep 04, 2024 01:00
Ripples Legal Chief Blasts SEC for Using Fabricated Term in Crypto Cases
Attorney claims the SEC's use of the term "crypto asset security" is misleading and lacks any statutory definition.
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 30, 2024 01:35
Could China Lift Its Crypto Ban? Ex-Minister Calls for Fresh Review
The former Chinese finance minister, Lou Jiwei has encouraged China to closely examine the advancements in cryptocurrency, during a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing. The ex-government official highlighted the potential risks crypto poses to financial stability, including volatility and money laundering. He also remarked the United States diverting stance …
View DetailsAuthor: Cointelegraph by Derek Andersen
United States Source: Cointelegraph.com News
Sep 28, 2024 12:00
Canada crypto exchanges get more time for stablecoin compliance
Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.
View DetailsAuthor: Mandy Williams
Bulgaria Source: CryptoPotato
Sep 28, 2024 01:00
This Is How SEC Chair Genslers New Exchange Definition Could Impact Crypto
Gensler believes the new rules would close the regulatory gaps among trading platforms and handle risks in the financial system.
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 27, 2024 01:35
Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security
SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the publics interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. …
View DetailsHong Kong Source: Blockchain News
Sep 27, 2024 02:15
Binance to Remove Turkish Language Option Amid Regulatory Changes
Binance announces the removal of the Turkish language option from its website and app from September 27, 2024, to comply with new regulations in Türkiye. (Read More)