Laos government will halt crypto businesses deemed inactive

On Nov. 9, the Laos government announced it would halt business activities, levy fines and potentially revoke licenses of companies that do not meet their commitments or show progress in cryptocurrency mining and trading agreements in what is considered an inactive status. дальше »

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CFTC’s Landmark Year? Crypto Cases Account For Half Of 2023’s Major Fines

The crypto regulation landscape in the United States witnessed a defining year in 2023, as evidenced by the United States Commodity Futures Trading Commission’s (CFTC) recent enforcement report. дальше »

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SEC fines BlackRock $2.5M for incorrect investment disclosures

The United States Securities & Exchange Commission caught the attention of crypto players once again. The regulator settled charges against financial giant BlackRock for describing its entertainment investments inaccurately. дальше »

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BarnBridge DAO votes to comply with SEC order

The voting ended with an unanimous decision to comply with the SEC’s potential demands and pay fines if necessary.

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DeFi Protocol BarnBridge Prepares for SEC Action, Fines

The decentralized autonomous organization is holding a vote on how to respond to securities regulators. дальше »

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SEC Slaps Goldman Sachs With $6 Million Fine for Reporting Failures

The SEC fines Goldman Sachs $6 million for not providing all the required information about its transactions. The post SEC Slaps Goldman Sachs With $6 Million Fine for Reporting Failures appeared first on BeInCrypto. дальше »

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CFTC Fines StoneX $650,000 for ‘Business Conduct’ Violations

The Commodity Futures Trading Commission has thrown the book at StoneX for perceived operational compliance breaches. The post CFTC Fines StoneX $650,000 for ‘Business Conduct’ Violations appeared first on BeInCrypto. дальше »

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South Koreans declare overseas crypto holdings worth $98.5 bln

Crypto held overseas constituted 70. 2% of the total value of foreign assets declared by South Korean nationals. The tax agency warned that individuals who break tax rules will face fines. дальше »

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CFTC fines Bitcoin trading firm $1.7 billion for forex fraud

CFTC undertook major enforcement action against MTI and its leadership. The scheme lured in nearly 30,000 Bitcoin from at least 23,000 individuals in the United States. The United States CoThe post CFTC fines Bitcoin trading firm $1. дальше »

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CFTC fines Utah man over $2.5M for leveraged Bitcoin fraud

CFTC announced Jacob Orvidas had conducted a leveraged Bitcoin fraud between October 2017 and July 2020. Orvidas was also charged for failing to register as a commodity pool operator. The CFTC order imposed a $2 million restitution and $500,000 civil monetary penalty. дальше »

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CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud

The CFTC has brought or resolved 10 fraud cases involving digital assets or foreign exchange since June 2023, Commissioner Kristin Johnson said. дальше »

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US DeFi Protocols Fined Over Illegal Derivatives Offerings

CFTC cracks down on DeFi: Opyn, 0x, and Deridex settle with fines for running unregistered derivatives exchanges. дальше »

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CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex

The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders. дальше »

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SEC Fines Chicago Firm $1.5 Million for Failing to Submit Suspicious Activity Reports

Chicago broker charged for ignoring suspicious stock transactions. The post SEC Fines Chicago Firm $1.5 Million for Failing to Submit Suspicious Activity Reports appeared first on BeInCrypto. дальше »

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SEC fines company $6m for selling NFTs as "investment contracts"

Impact Theory has been directed to pay over $6. 1 million in disgorgement, prejudgment interest, and a civil penalty. Two SEC commissioners have expressed their dissent regarding this decision. дальше »

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SEC Fines 3M Company for Alleged FCPA Violations in China

SEC accuses 3M of corruption in China.

The post SEC Fines 3M Company for Alleged FCPA Violations in China appeared first on BeInCrypto.

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3AC Founders Slammed With $2.6 Million Fine By Dubai’s Regulator Over New Exchange

Barely months after the collapse of Three Arrows Capital (3AC), founders Kyle Davies and Su Zhu’s new digital currency exchange OPNX have run into trouble with Dubai’s regulator. In a public disclosure, the Dubai Virtual Assets Regulatory Authority (VARA) confirmed that it had placed fines on OPNX and its founders over violations of local rules. […] дальше »

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Dubai crypto regulator fines OPNX $2.7 million for this offence

VARA also fined $54,000 to OPNX leaders for violating advertising laws. The individuals have paid the fines, unlike the exchange. It has come to light that Virtual Assets Regulatory AuthoritThe post Dubai crypto regulator fines OPNX $2. дальше »

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Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonment

The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7, to virtual asset trading platforms (VATPs) involved in what it practices, emphasizing the potential legal and regulatory consequences. дальше »

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Global Survey Reveals Mixed Views on Central Bank Digital Currencies

Olivier Fines of the CFA Institute told Reuters that even among a sophisticated and financially literate group like their members, there is very little understanding of CBDCs. Additionally, Fines noted skepticism regarding the potential benefits of CBDCs, particularly in developed economies. дальше »

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Ripple v. SEC: $1 Billion Question About Potential Fine

Ripple, the company behind the cryptocurrency XRP, faces potential fines of up to $1 billion following its legal dispute with the Securities and Exchange Commission (SEC) дальше »

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South Africa to Require Crypto Licenses for Exchanges by 2023 End

South Africa plans to enforce licensing for crypto exchanges by the end of 2023, with potential actions against unlicensed operations including fines or closures. The post South Africa to Require Crypto Licenses for Exchanges by 2023 End appeared first on BeInCrypto. дальше »

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Crypto Fraudster Michael Ackerman to Pay $54M in Damages

A federal court has ordered Michael Ackerman, a former broker of the New York Stock Exchange (NYSE), to pay a staggering $54 million in restitution and fines. The United States... дальше »

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Court allows bankrupt crypto exchange Bittrex to resume customer withdrawals

The U. S. arm of Bittrex will reopen withdrawals on June 15 after securing court approval for its plan to repay customers ahead of credited fines. A Delaware bankruptcy court ruled in favor of the company’s plan and rejected the Department of Justice’s (DOJ) motion to block it on June 14, according to court filings. дальше »

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US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.

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Fines and regulation: The ever-growing landscape of crypto compliance

How have the regulatory and legal frameworks governing cryptocurrency fines transformed over the years, and what are the key trends and challenges? дальше »

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Philippines SEC says Gemini Derivatives is unregistered securities product

Gemini Derivatives is available on the exchange’s new Foundation platform, but those selling or promoting it in the Philippines face fines and long imprisonment. дальше »

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SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use

Both HSBC and Scotiabank have not been supportive of cryptocurrency adoption in recent years.

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UpToken price takes a hit after the US SEC fines Coinme

The price of UpToken (UP) has taken a hit after the US SEC fined the crypto ATM operator turned crypto exchange Coinme $4 million for violating US laws in its UpToken ICO. The Securities and Exchange Commission (SEC) nabbed Coinme, its subsidiary Up Global SEZC and the CEO of both firms, Neil Bergquist for allegedly […] The post UpToken price takes a hit after the US SEC fines Coinme appeared first on Invezz. дальше »

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SEC Fines Coinme $4M: Crypto Crackdown Continues

Hot off the back of a court victory over Hydrogen Technology, the SEC has announced fines against Coinme and its CEO. The post SEC Fines Coinme $4M: Crypto Crackdown Continues appeared first on BeInCrypto. дальше »

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UpToken ICO: SEC targets all parties involved, issues $3.9 million in fines

The SEC has issued a cease-and-desist order against Coinme and its related entities for offering an unregistered and misleading crypto token. Coinme, its subsidiary Up Global Inc., and their foThe post UpToken ICO: SEC targets all parties involved, issues $3.9 million in fines appeared first on AMBCrypto. дальше »

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SEC fines Up Global, Coinme $3.9M; issues C&D

The U. S. Securities and Exchange Commission (SEC) imposed cease-and-desist orders and fines upon three parties involved in UpToken on April 28. SEC names parties involved in UpToken ICO The SEC said that Up Global and Coinme — as well as Neil Bergquist, founder and CEO of both companies — were involved in a cryptocurrency securities […] The post SEC fines Up Global, Coinme $3. дальше »

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CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

The U. S. Commodity Futures Trading Commission (CFTC) said on April 27 that it has obtained a court judgment against a CEO involved in Bitcoin-related fraud. CEO was involved in Bitcoin MLM The case in question concerns Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited (MTI). дальше »

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The Securities and Exchange Commission (SEC) has been awarded $2.8 million in a lawsuit regarding the purported manipulation of cryptocurrency token prices.

Hydrogen Technology Corp. and its former CEO, Michael Ross Kane, have been ordered to pay $2. 8 million in fines and remedies for their alleged involvement in a price manipulation scheme. The Securities and Exchange Commission (SEC) filed a lawsuit against the firm in September, claiming that Kane had used Hydrogen’s market maker, Moonwalkers Trading Limited, […] Сообщение The Securities and Exchange Commission (SEC) has been awarded $2. дальше »

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SEC wins $2.8M in suit over alleged crypto token price manipulation

Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme. дальше »

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U.S. Congress to address stablecoin regulation with this new bill, details inside

- The U. S. proposed a bill to regulate stablecoins, with fines and prison sentences for non-compliance. - Circle CEO endorses the proposed bill, while Tether and other stablecoins dominate the markThe post U. дальше »

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China fines Bitcoin mining firm Bitmain over tax violations

According to a recent report from a local news agency Sina Finance, China has sanctioned the Bitcoin mining company Bitmain Technologies for alleged tax violations. Bitmain has been fined by the BeThe post China fines Bitcoin mining firm Bitmain over tax violations appeared first on AMBCrypto. дальше »

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South Korean Regulator Fines Google $32M for Undue Gaming Competition

Coinspeaker South Korean Regulator Fines Google $32M for Undue Gaming Competition As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. дальше »

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Is the SEC Unfairly Targeting Crypto Companies?

Sometimes it seems the odds are stacked against companies when it comes to regulation from the SEC. Governments across the world can levy strict fines that damage a company’s bottom line and reputation. дальше »

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US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility

After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.

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US DOJ Probes Credit Suisse And UBS Bank For Evading Russian Sanctions

Following Russia’s invasion of Ukraine, the US Department Of Justice (DOJ) has been applying sanctions to stop financial institutions from facilitating Russian residents. In its recent actions, many financial firms, including crypto companies, have faced legal action by US authorities resulting in hefty fines. дальше »

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India's Crypto Regulation Now Has Teeth, Experts Say

Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches. дальше »

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US SEC fines former NBA Star Paul Pierce $1.4M for crypto

The US SEC crypto crackdown does not seem to be fizzling out any time soon. Former NBA star Paul Pierce has agreed to pay $1.4 million to settle charges levelled against him by the SEC. The charges levelled on Pierce are related to the promotion of EMAX tokens The US Securities and Exchange Commission (SEC) […] The post US SEC fines former NBA Star Paul Pierce $1.4M for crypto appeared first on CoinJournal. дальше »

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Binance Prepares To Pay Fines To Settle Outstanding U.S. Regulatory Probes

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My Big Coin founder sentenced to 8 years in prison for fraud

My Big Coin founder Randall Crater has been found guilty of committing wired fraud and unlawful monetary transactions. He is sentenced to 100 months in jail and $7.6 million in fines. My Big Coin fraud story Randall, 52, of Lake… дальше »

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New York will allow crypto payments for fines and taxes

New York State Assembly Bill A523, introduced by Democratic Assembly Member Clyde Vanel, looks to clarify that agencies of the state can legally accept cryptocurrency as payment. дальше »

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New York Assembly introduces crypto payments bill for fines, taxes

The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts. дальше »

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Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines

Coinspeaker Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors. дальше »

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Texas Securities Regulator Summons SBF to February 2 Hearing

Coinspeaker Texas Securities Regulator Summons SBF to February 2 Hearing The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands. дальше »

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Bankman-Fried on the hook in Texas, called to appear at Feb. hearing

The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines and forced refunds against SBF and FTX.US. дальше »

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