All Cryptocurrency articles – Page 7
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Former Coinbase manager charged in first crypto insider trading case
The Department of Justice and Securities and Exchange Commission charged a former product manager at Coinbase with insider trading for allegedly passing on tips to his brother and friend regarding when certain cryptocurrency assets would be made available on the platform.
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Assessing results of FASB’s 2021 agenda consultation report
The Financial Accounting Standards Board’s 2021 agenda consultation report summarizes the extensive feedback FASB received when it asked stakeholders where it should focus its time and resources.
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Survey: Inflation, climate risk top audit partner economic concerns for 2022
The economy, cybersecurity, climate change, and cryptocurrency are among top concerns for the year ahead expressed by U.S. public company audit partners as part of a new Center for Audit Quality survey.
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Amber Group appoints global head of legal and compliance
Digital asset platform Amber Group announced the appointment of Benjamin Bai as chief legal officer and global head of compliance.
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BitPay hires new chief compliance officer
Cryptocurrency platform BitPay has hired Allison Raley as chief compliance officer and general counsel.
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CohnReznick fined $1.9M for audit failures at Sequential Brands, Longfin
Audit firm CohnReznick agreed to pay $1.9 million as part of a settlement with the Securities and Exchange Commission for improper conduct at two of its clients the SEC previously charged with filing fraudulent financial statements.
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Lummis-Gillibrand bill would regulate crypto for first time
The Responsible Financial Innovation Act, introduced by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), seeks to regulate digital assets, blockchain technology, and cryptocurrencies in the United States for the first time.
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WonderFi adds chief compliance officer
WonderFi, a technology company serving the financial services and cryptocurrency sector, announced the appointment of Torstein Braaten as chief compliance officer.
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What to consider as FASB tackles digital assets
The Financial Accounting Standards Board unanimously decided to add a project to its technical agenda on the accounting and disclosure for certain digital assets, including cryptocurrencies. Experts weigh in on the current landscape and what form the project might take.
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Binance.US adds ex-Uber operations compliance head to lead legal
Binance.US announced the appointment of Krishna Juvvadi as vice president, head of legal. Previously, Juvvadi served as global head of operations compliance at Uber.
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SEC commissioners address CCO liability, crypto regulation, more at CW2022
Two SEC commissioners from opposite sides of the political aisle took slightly different positions on how to assess the liability of poor performing chief compliance officers as part of the Day 2 opening keynote at Compliance Week’s National Conference.
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Binance appoints first deputy general counsel
Binance, the world’s largest cryptocurrency exchange, announced the appointment of Joshua Eaton as the company’s first deputy general counsel.
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FTX appoints chief compliance officer
Cryptocurrency exchange FTX US announced the appointment of Marissa MacDonald as chief compliance officer.
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Treasury sanctions first virtual currency mixer
The Department of the Treasury announced first-of-their-kind sanctions against virtual currency mixer Blender.io for its alleged role in a significant virtual currency heist carried out by a North Korean state-sponsored cyber hacking group.
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Nvidia to pay $5.5M for ‘misleading’ disclosures of crypto mining’s impact
Nvidia agreed to pay a $5.5 million penalty as part of a settlement with the Securities and Exchange Commission concerning disclosures of the impact of crypto mining on its gaming business.
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SEC to increase staffing around crypto asset-related investigations
The Securities and Exchange Commission announced plans to nearly double the number of employees assigned to its Cyber Unit, which has had its name changed to emphasize the agency’s pursuit of crypto asset-related investigations.
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Anchorage Digital Bank gets OCC consent order for AML compliance failures
The Office of the Comptroller of the Currency announced a consent order against Anchorage Digital Bank, the first digital asset bank to be issued a charter by the regulator, for deficiencies in its Bank Secrecy Act/anti-money laundering compliance program.
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Q1 roundup: SEC tackles climate disclosures, businesses navigate Russia restrictions, more
Regulation and guidance from U.S. agencies and the White House, plus compliance challenges stemming from a two-year global pandemic and Russia’s ongoing invasion of Ukraine, made the first quarter of 2022 a novel risk environment for regulated businesses.
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Report: Number of AML fines up, penalty totals down in 2021
The number of anti-money laundering fines assessed against financial institutions globally reached its highest amount in six years during 2021, though the penalty amounts associated with those enforcement actions dropped notably, according to Kroll’s annual benchmark report.
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Hashdex names global head of legal and compliance
Hashdex, a crypto-focused asset management firm announced the appointment of Nicole Dyskant as global head of legal and compliance.