Regulation

The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
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The MiCA regulation has set in motion a shift towards compliant stablecoins in the cryptocurrency market. With the implementation of MiCA on June 30, market makers are now favoring regulated stablecoins over non-compliant alternatives. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make up 88% of the total stablecoin volume.
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The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.
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The crypto market intelligence platform, Messari, recently made headlines by declaring independence from the Securities and Exchange Commission (SEC). CEO Ryan Selkis boldly stated that the company will be waging a war against the regulator, citing the SEC’s stringent approach to the emerging industry. This move signifies a significant shift in the relationship between crypto
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Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against cryptocurrency exchange Binance. According to Akinwumi’s testimony in a legal case brought by the Economic and Financial Crimes Commission (EFCC), Binance and its executive, Tigran Gambaryan, are being accused of conducting transactions that are typically reserved for authorized banks
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The former Solicitor General Donald B. Verrilli has raised serious accusations against US regulators, accusing them of intentionally stifling the crypto industry through debanking practices. These allegations were made in a joint amicus brief filed on July 3 with Paul Clement, another former Solicitor General, pointing to bipartisan concerns about the regulatory environment for digital
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