A major cryptocurrency exchange has announced a new initiative to bolster its regulatory compliance amidst evolving international financial guidelines. The program aims to ensure operational continuity and meet […]
Navigating Regulatory Challenges in the Crypto World
Cryptocurrencies operate in a global landscape with varying regulatory frameworks. This creates uncertainty for businesses and investors as they navigate complex rules and regulations. Case Study: Navigating Crypto […]
U.S. Department Investigates Anchorage Digital Over Financial Crime Compliance
The U.S. Department of Homeland Security (DHS) is reportedly probing Anchorage Digital, a crypto bank, for potential violations in financial crime compliance. The investigation, led by the El […]
Elliptic Integrates with Codex for Enhanced Blockchain Compliance
Elliptic has partnered with Codex to enhance blockchain compliance screening, providing advanced solutions for regulatory adherence across the cryptocurrency market. This collaboration aims to improve transparency and compliance […]
Block Inc. Pays $40 Million Penalty for Cash App Regulatory Violations
Block Inc., co-founded by Jack Dorsey, has agreed to pay a $40 million penalty to New York regulators in response to alleged crypto compliance issues within its Cash […]
TD Bank Pays $3.1 Billion Over Money Laundering Violations
Toronto-Dominion Bank (TD) has agreed to pay a record $3.1 billion penalty for failing to prevent money laundering activities. The largest BSA penalty ever, the fine stems from […]
Block Faces $40 Million Penalty for Regulatory Violations
The New York Department of Financial Services (NYDFS) has imposed a hefty $40 million penalty on cryptocurrency firm Block for failing to implement robust compliance protocols. Concerns regarding […]
Solana Introduces Confidential Balances for Enhanced Privacy and Compliance
Solana introduces a new feature that enables both institutional and retail investors to enhance privacy while maintaining compliance. This innovative approach allows users to conceal transaction amounts without […]
DOJ Dismantles Crypto Enforcement Team: What it Means for Industry and Compliance
The Department of Justice (DOJ) has disbanded its cryptocurrency enforcement team, a move that signals a significant shift in federal regulatory approaches to digital currencies. The decision, announced […]
OKX Ordered €1.2 Million Fine for AML Violations, Faces Regulatory Scrutiny
The FIAU flagged breaches in Customer Risk Assessment (CRA) procedures, highlighting a system-wide failure to conduct such assessments for approximately half of the customer files examined. It also […]
KuCoin Reaches 40 Million Registered Users: A Celebration of Compliance & Innovation
Cryptocurrency exchange KuCoin has celebrated a significant milestone, reaching 40 million registered users worldwide. This impressive figure underscores the trust and confidence users place in KuCoin’s commitment to […]
KuCoin Reaches 40 Million Registered Users, Highlights Commitment to Compliance & Innovation
Cryptocurrency exchange KuCoin has exceeded 40 million registered users worldwide, a milestone reflecting its unwavering commitment to user protection and regulatory compliance. This growth demonstrates the trust placed […]
Navigating the Crypto Regulation Landscape: A Case Study
As the cryptocurrency market continues to grow, regulatory frameworks are evolving worldwide. This case study examines how global regulators are implementing stricter compliance measures to safeguard investors and […]
OKX Operator Admits to Unlicensed Trading, Faces $505M Fine
Okx’s parent company affirms its commitment to enhancing compliance procedures by collaborating with global regulators and ensuring adherence to applicable laws and regulations. 🤝