Standard Chartered and OKX have announced a strategic alliance to facilitate greater access for institutional investors in the cryptocurrency market. The partnership aims to streamline trading processes and […]
Block Faces $40 Million Penalty for Compliance Failures on Cash App
Jack Dorsey’s fintech company, Block (formerly known as Square), has been hit with a hefty $40 million fine by the New York Department of Financial Services (NYDFS). This […]
Kraken and Mastercard Partner to Enable Cryptocurrency Payments
US-based cryptocurrency exchange Kraken has partnered with Mastercard to launch a new system for making payments using cryptocurrencies within the UK and Europe. This groundbreaking collaboration aims to […]
Kraken and Mastercard Partner to Facilitate Crypto Payments
Kraken, a US-based cryptocurrency exchange, has partnered with global financial giant Mastercard to expand crypto payment options within the UK and European markets. This collaboration aims to enable […]
Block Inc. Faces $40 Million Penalty for Crypto Compliance Flaws
Block Inc., led by CEO Jack Dorsey, has been slapped with a hefty $40 million fine for alleged shortcomings in its crypto compliance and anti-money laundering (AML) practices, […]
Block Inc. Faces $40 Million Fine for Crypto Compliance Violations
Digital payments giant Block Inc. has agreed to pay a $40 million penalty to New York regulators over alleged failures in its compliance program for the Cash App […]
Thailand Tightens Regulations on Unlicensed Crypto Platforms
To combat the rise of unlicensed crypto platforms operating in Thailand, the government has enacted new legislation. These laws aim to halt unauthorized foreign crypto operations and combat […]
Block, Inc. Pays $40 Million Fine to Settle NYDFS Compliance Concerns
Block, Inc., formerly known as Square, has agreed to a $40 million settlement with the New York State Department of Financial Services (NYDFS) for regulatory compliance issues related […]
Standard Chartered & OKX Pilot Crypto Collateral Program for Institutions
Standard Chartered and cryptocurrency exchange OKX are launching a pilot program allowing institutions to utilize crypto assets and tokenized money market funds (MMFs) as collateral. This novel approach, […]
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 […]
Revolut Faces €3.5 Million Fine for Money Laundering Violations
The Lithuanian banking regulator has fined Revolut €3.5 million due to regulatory failings in its money laundering controls. This maximum penalty was imposed following a review of the […]
Taurus Launches Network for Secure Cross-Border Collaboration Between Banks
Swiss fintech company, Taurus, has unveiled a groundbreaking platform called Taurus-NETWORK designed to simplify and secure cross-border collaboration between financial institutions. This new solution allows regulated entities worldwide […]
SEC’s Regulatory Framework Fails to Manage Crypto Projects
A House Committee hearing on April 9th revealed a concerning lack of success for crypto projects seeking registration with the SEC. Special counsel Rodrigo Seira, from Cooley LLP, […]
Taurus Launches Interbank Network for Digital Asset Transactions
Swiss cryptocurrency fintech Taurus has launched a dedicated interbank network specifically tailored for regulated institutions involved in digital asset operations. The network, called Taurus-Network (TN), aims to streamline […]
Kraken & Mastercard Launch Crypto Debit Cards in Europe for Easier Spending
Kraken and Mastercard have announced a partnership to offer cryptocurrency debit cards to European users, making it easier to use digital assets for everyday purchases. Starting soon, eligible […]