All Cryptocurrency articles – Page 9
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CFTC fines stablecoin Tether $41M for misleading investors
Cryptocurrency firm Tether will pay $41 million to settle CFTC charges that it misled investors when it claimed its stablecoins were 100 percent backed by fiat currencies like the U.S. dollar and the euro.
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SEC commissioners clash on cryptocurrency securities debate
SEC Commissioners Caroline Crenshaw and Hester Peirce used recent speeches to stake opposite sides on the central debate of whether all cryptocurrencies are securities.
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CoinFlip names chief compliance officer
Cryptocurrency services platform CoinFlip appointed Colleen Kavanagh as its new chief compliance officer.
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Robinhood touts crypto wallet offering, hires new CCO
Fintech firm Robinhood has hired a new chief compliance officer at its cryptocurrency arm ahead of the first round of testing for its cryptocurrency wallet offering.
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Biden’s pick to head OCC favors tighter regulation of FinTech
President Joe Biden’s nominee for Comptroller of the Currency, Cornell law professor Saule Omarova, continues a Democratic pattern of choosing potential regulators who believe in stricter control of the markets.
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Treasury sanctions virtual currency exchange as part of ransomware response
The U.S. Department of the Treasury announced “robust actions” to counter ransomware, including blocking the assets of a Russian virtual currency exchange that has facilitated payments for at least eight ransomware variants.
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With approach to Coinbase, SEC shows its hand on cryptocurrency
By reacting to Coinbase’s now-scrapped Lend program proposal with a Wells Notice, the SEC sent a message that cryptocurrency companies should not expect the agency to bend to their will.
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Bittrex Global names chief compliance and risk officer
Digital asset exchange Bittrex Global GmbH named Michael Schröder as chief compliance and risk officer.
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Weathering the storm: Why FinTech compliance failures persist
Experts weigh in with their thoughts on why FinTechs and cryptocurrency firms continue to have a bad reputation in terms of compliance.
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Experts: Gary Gensler and the SEC are coming after cryptocurrencies
Many in the cryptocurrency space would prefer Gary Gensler and the SEC leave the sector to function without much regulation, but experts predict he’ll take a heavy-handed approach.
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Crypto platform BitMEX to pay $100M for registration, AML violations
Cryptocurrency platform BitMEX has agreed to pay $100 million as part of a settlement with the CFTC and FinCEN for multiple violations of the Bank Secrecy Act and other anti-money laundering laws.
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BlockFi appoints chief risk officer
Cryptocurrency platform BlockFi announced the appointment of Yuri Mushkin as chief risk officer.
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Binance enhancing compliance after recent U.K. ban
The CEO of cryptocurrency platform Binance touted the company’s growing commitment to compliance after one of its units was banned from operating in the United Kingdom.
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FinCEN adds first chief digital currency advisor
The Financial Crimes Enforcement Network named Michele Korver its first-ever chief digital currency advisor.
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Robinhood Crypto anticipates $10M penalty for cyber, AML failures
Robinhood Markets said its cryptocurrency platform might face a penalty of “at least” $10 million from the New York State Department of Financial Services for anti-money laundering and cyber-security failures.
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AML compliance proving tall hurdle for U.K. crypto firms
The U.K.’s financial regulator has been forced to extend a registration deadline for cryptocurrency firms by nearly nine months because so few have been able to meet even basic anti-money laundering requirements.
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Bitstamp appoints U.S. chief compliance officer
Cryptocurrency exchange company Bitstamp announced the appointment of Thomas Hook as its U.S. chief compliance officer.
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Blockchain.com names head of legal and compliance
Blockchain.com has named Lindsey Haswell as chief legal officer and chief administrative officer. In this role, she will be responsible for leading the legal, compliance, and HR teams for the cryptocurrency blockchain company.
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U.K. AML update: New obligations for cryptocurrency firms
Mark Steward, executive director of enforcement and market oversight at the U.K. Financial Conduct Authority, recently shared insights into the agency’s pipeline of AML investigations and what lies ahead for regulated firms.
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Binance tabs former FATF execs as compliance advisors
Cryptocurrency exchange Binance announced the appointment of former Financial Action Task Force executives Rick McDonell and Josée Nadeau as compliance and regulatory advisors.