Regulatory (31)

Ohio Man Indicted for Role in Alleged Dark Web, Bitcoin Laundering Scheme

Larry Dean Harmon, of Ohio, was arrested and indicted by a federal grand jury for his alleged role in a conspiracy to “launder monetary instruments,” among other crimes. So reports


Crypto Hard Forks and Holdings: What is the IRS is Up To?

For the first time since 2014, the Internal Revenue Service (IRS) has issued new guidance on virtual currency transactions. To that end, its FAQ on virtual currency transactions was updated as taxpayers begin preparing to file ahead of April’s deadline.


Fintech Crime Report: From Growing a Beard to the Rise of 'Frankenstein' Fraud

The Securities and Exchange Commission (SEC) announced charges against a Canadian resident who allegedly created a fake identity to scam hundreds of investors out of millions of dollars with a bogus initial coin offering (ICO) scheme. The SEC complaint alleges violations to “antifraud and securities registration provisions of the federal securities laws.”


California Budget Plan Aims to Fill Fintech Regs Gap Left by Feds

California Gov. Gavin Newsom is aiming to drastically change the state’s financial services oversight landscape, as some have expressed concerns the federal government has gotten too lax in its watchdog role.


Crypto Companies' Missed SEC Deadlines Could Spell Trouble

Regulators' attempts to force cryptocurrency startups into compliance with the fundraising laws may not have been as effective as hoped. So reports The Wall Street Journal.


U.S. Officials Lament Dangers of Crypto at Senate Hearing

U.S. officials, including Sen. Mitt Romney, expressed serious homeland security concerns with respect to cryptocurrencies. So reports Bein Crypto.


SEC Blocks Telegram’s Token Launch Amid Registration Failure

The U.S. Securities and Exchange Commission filed an emergency action against Telegram to block its $1.7 billion blockchain token offering after claiming the company failed to register its offerings and the token sale. So reports TechCruch.


Fintech Small Bank Partnerships Help Stave Off Regulatory Woes

Partnerships between traditional, often times small, banks and technology companies have helped drive the recent fintech boom, as many of the tech companies lack licensing needed to offer banking services. So reports the Los Angeles Times.


SEC’s Busy Week, CipherTrace Report Highlight Crypto Obstacles

The Securities and Exchange Commission (SEC) announced charges against Reginald “Reggie” Middleton for his alleged role in a fraudulent scheme to rip off crypto investors and subsequently, manipulate the market.


Nevada Abruptly Reverses Course on Crypto Kiosk Licenses

Nevada’s regulatory position with respect to cryptocurrency kiosks has changed. It now mandates a money transmission license from the state. So reports Coindesk.


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