Browsing Tag
legal
250 posts
Crypto Firms Faced Nearly $6B in Fines in 2023 for AML Violations
Crypto firms faced substantial regulatory action, collectively paying nearly $6 billion in fines primarily due to Anti-Money Laundering…
DCG completes repayment of $700 million Genesis debt
Digital Currency Group (DCG) has announced the successful settlement of approximately $700 million in short-term loans owed to…
Crypto tax rules now require reporting of transactions over $10K
New cryptocurrency tax reporting obligations came into effect on New Year’s Day, crypto advocacy group CoinCenter said on…
U.S. drops plan to prosecute convicted SBF for over $100M in unlawful campaign donations
In a filing on Dec. 29, U.S. prosecutors said that they will not be pursuing a second trial…
Judge rejects CZ’s latest request to travel to the UAE
A U.S. District Court has once again denied Binance founder Changpeng ‘CZ’ Zhao’s request to travel internationally in…
RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities
China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder…
Sanctioned Russian Banker Dumps £15m Worth of Shares in UK Crypto Company
Mikhail Klyukin, a Russian banker sanctioned by the White House in March 2022, sold more than £15m in…
SEC admits to misstatement of facts in case against crypto firm Debt BOX
On Dec. 22, the U.S. Securities and Exchange Commission (SEC) admitted to making inaccurate statements in an ongoing…
Ripple CEO slams SEC chair for ‘stunning hypocrisy’
Ripple (XRP) CEO Brad Garlinhouse criticized the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler’s “stunning hypocrisy”…
Sam Bankman-Fried’s request to postpone sentencing until May 2024 denied
Former FTX CEO Sam Bankman-Fried has been denied an adjourned sentencing hearing, according to a court filing dated…