Regulatory

Regulatory (153)

DOJ Targets Six Accounts in New Crypto Butchering Scam

The U.S. Department of Justice seized approximately $112 million worth of cryptocurrency from accounts allegedly tied to purported “pig butchering” investment scams. So reports The Register.

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COIN Facing Potential Lawsuit After SEC Investigation

The Securities and Exchanges Commission has warned Coinbase of potential litigation surrounding its cryptocurrency exchange, staking service and wallet service. So reports Quartz

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Look To the Past to Avoid Future Crypto Mistakes: OCC Hsu

Michael Hsu, Acting Comptroller of the Currency, called upon bankers and regulators to look at past mistakes in the fiat banking industry to help avoid future ones when dealing in crypto.

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DOJ Shuts Down ChipMixer, Breaks Up Alleged $3B Laundering Ring

The Department of Justice announced it dismantled ChipMixer, a darknet cryptocurrency service allegedly enabling bad actors to launder billions in digital assets. So reports The Hill.  

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Congressional Republicans Take Aim at New Crypto Accounting Rules After Celsius Debacle

In the wake of Celsius Network’s recent bankruptcy proceedings, Congressional representatives are seeking clarity on new accounting rules governing custody of cryptocurrency and other digital assets.

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U.S. Regulators Warn of Liquidity Risks in Digital Asset Markets

A trio of U.S. regulators issued a formal warning to banks regarding liquidity risks associated with the digital asset industry. To that end, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency penned a joint statement highlighting the risks and enumerated some ways banking organizations can mitigate these concerns.

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COIN’s Armstrong: Digital Asset Space, Regulators Ultimately Want the Same Thing

Coinbase CEO Brian Armstrong said during a recent television interview the company’s interests are aligned with federal regulators like the Securities and Exchange Commission, and he is hoping to see the digital assets space come within the U.S. “regulatory perimeter.” So reports Decrypt.

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Criminal Charges Pile On SBF in Wake of FTX Disaster

Sam Bankman-Fried, the co-founder of the now-defunct FTX cryptocurrency exchange, was charged with four new criminal counts in a New York federal court. So reports CNBC

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NY AG Accuses CoinEx of 'Repeated and Persistent' Fraud

New York Attorney General Letitia James filed a lawsuit against CoinEx after accusing the crypto exchange of “transacting business illegally” by failing to register its operations with New York. So reports Reuters.

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FTX Saga Takes Turn as House Committee Questions Arrest Timing

The complexities surrounding Sam Bankman-Fried’s arrest have proven once again to be virtually endless as members of the House Financial Services Committee have now raised concerns regarding the timing of his arrest and the events immediately following the collapse of Bankman-Fried’s FTX Trading company.

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