Kraken Seeks Dismissal of SEC Lawsuit
Crypto exchange Kraken has requested a U.S. court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), arguing that accepting the SEC’s claims would lead to a substantial reshaping…
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Hong Kong Businessman Detained for Crypto Investor Kidnapping
Hong Kong police have detained a 70-year-old businessman and his 30-year-old son after they surrendered to authorities over their alleged involvement in the kidnapping of a cryptocurrency investor. The incident stems from…
Taiwan Proposes Stringent AML Regulations for Crypto Firms
Taiwan is taking decisive steps to tighten Anti-Money Laundering (AML) controls for cryptocurrency firms, as the Ministry of Justice has introduced substantial amendments to the nation’s AML legislation. The proposed changes aim…
U.S. House Votes to Overturn SEC Crypto Policy
The U.S. House of Representatives has voted in favor of a resolution to overturn the SEC’s cryptocurrency accounting policy, Staff Accounting Bulletin No. 121 (SAB 121), despite President Joe Biden’s veto promise.…
Former Digitex CEO Admits to Violating Bank Secrecy Act
Adam Todd, the founder and former CEO of Digitex Futures Exchange, has pleaded guilty to charges of failing to establish an Anti-Money Laundering (AML) program. This development took place in the U.S.…
Nigeria to Ban Peer-to-Peer Crypto Trading in Naira
Nigeria is actively preparing to impose a ban on peer-to-peer (P2P) cryptocurrency trading involving its national currency, the naira. This action forms part of new regulatory measures that the country’s Securities and…
ATO Targets 1.2 M Crypto Exchange Users in Tax Compliance
The Australian Taxation Office (ATO) is taking significant steps to ensure tax compliance among cryptocurrency traders, seeking personal and transactional data from approximately 1.2 million users of cryptocurrency exchanges. This move aims…
Turkey Revolutionize Crypto Landscape with New Legislation
Turkey is at the forefront of digital currency innovation, as it gears up to roll out crucial new cryptocurrency legislation. Although the new laws were expected to be introduced in early 2024,…
BTC-e Founder Guilty in Massive $9 Billion Money Laundering
Alexander Vinnik, co-founder of cryptocurrency exchange BTC-e, has pleaded guilty to money laundering charges. Investigations revealed that from 2011 to 2017, BTC-e facilitated approximately $9 billion in transactions derived from illegal activities…
Investor Claims Coinbase Misled to Buy Unregistered Securities
Coinbase, a leading cryptocurrency exchange in the United States, and its CEO, Brian Armstrong, are currently embroiled in a class-action lawsuit filed in the Northern District of California. The lawsuit, initiated by…
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