All Cryptocurrency articles – Page 7
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ArticleFINRA to sweep crypto-related communications by broker-dealers
The Financial Industry Regulatory Authority announced an examination sweep of retail communications by broker-dealers and their affiliates related to cryptocurrency asset products and services.
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ArticleFTX collapse should provide momentum to regulate crypto
The collapse and bankruptcy of digital asset exchange FTX offers stark lessons into why rules that apply to traditional investments—overseen by government regulation—ought to apply to digital investments as well.
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Silvergate Capital names chief risk officer
Silvergate Capital Corp., a provider of financial infrastructure to the digital asset industry, announced the promotion of Kate Fraher to chief risk officer for the company and its subsidiary bank.
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ArticleImpact of FASB measuring crypto assets at fair value
The Financial Accounting Standards Board tentatively decided to require crypto assets that are in scope to be measured at fair value. Experts discuss the evolving ramifications of the project.
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ArticleCFTC FY2022 enforcement results: Record penalties, digital asset crackdown
The Commodity Futures Trading Commission highlighted its enforcement accomplishments from the 2022 fiscal year, including more than $2.5 billion ordered through restitution and penalties across 82 actions.
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ArticleBittrex to pay $29M for BSA violations in landmark FinCEN, OFAC case
Virtual currency trading platform Bittrex agreed to pay more than $29 million for violations of the Bank Secrecy Act and other foreign asset restrictions by regularly allowing transactions with customers in Iran, Syria, and other U.S.-sanctioned nations.
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ArticleFSOC recommends more regulation, oversight of digital assets
A new report by the Financial Stability Oversight Council identified three regulatory gaps in the current oversight of cryptocurrency, stablecoins, and other digital assets and recommended steps Congress and federal regulators should take to close them.
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Resourcee-Book: Managing regulatory, financial crime compliance risks of virtual assets
This free e-Book considers the new opportunities the virtual asset space has opened, as well as the risks deriving from criminal exploitation and a lack of regulatory oversight in this burgeoning area.
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CoinSmart names chief compliance officer
Canada-based crypto asset trading platform CoinSmart Financial announced the appointment of Sheereen Khan as chief compliance officer.
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Binance recruits head of compliance from Kraken
Cryptocurrency exchange Binance bolstered its compliance team by adding Kraken’s Steven Christie as senior vice president of compliance, a Binance spokeswoman confirmed.
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Sparkster to pay $35M for selling unregistered crypto securities
Software development company Sparkster and its CEO Sajjad Daya agreed to collectively pay more than $35 million for the offer and sale of unregistered crypto securities.
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ArticleTreasury seeking comment on illicit finance risks posed by digital assets
The Treasury Department is seeking public input on how to address illicit finance and national security risks posed by digital assets, part of a multipronged push by the Biden administration to hold bad actors accountable and identify potential enforcement and regulatory gaps.
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ArticleRegulation by enforcement does nobody any favors
To see a prominent representative from the CFTC accuse the SEC of “regulation by enforcement” might raise the eyebrow of some observers. But it shouldn’t—not when that’s the latter’s stated strategy.
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DOJ gets guilty plea in first crypto insider trading case
Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty to one count of wire fraud conspiracy as part of the Department of Justice’s first case regarding the insider trading of cryptocurrency assets.
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Paxos recruits chief compliance officer from Meta
Blockchain fintech Paxos announced the appointment of Carolina Ceballos as chief compliance officer.
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Copper.co recruits chief risk officer from Mastercard
Crypto digital exchange Copper.co announced the appointment of Tim Neill as chief risk officer.
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ArticleTether prepared to defy controversial U.S. sanctions on Tornado Cash
Cryptocurrency platform Tether is set to defy U.S. sanctions by holding firm on its refusal to freeze relevant Tornado Cash addresses until receiving further instruction from law enforcement agencies.
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ArticleLawsuit: Lax Coinbase cybersecurity led to theft of customers’ crypto
Coinbase is the subject of a class-action lawsuit alleging cybersecurity failures at the cryptocurrency exchange are to blame for customer accounts losing thousands of dollars in crypto, with the company not doing enough to prevent further thefts.
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ArticleGenesis shakes up compliance leadership amid layoffs, CEO departure
Crypto broker Genesis Global Trading announced Chief Executive Michael Moro is stepping down as the company shakes up its leadership following layoffs totaling 20 percent of its 260-person workforce.
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Dibbs names chief compliance officer
Dibbs, a blockchain-enabled collectibles marketplace, announced the appointment of Bill Plumeri as chief compliance officer.