DeFi may struggle to stay decentralized after new EU law
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models. Go to Source
Law
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Tornado Cash developer guilty of money laundering
Pertsev has been under arrest in the Netherlands since August 2022, after the United States government blacklisted Tornado Cash. Go to Source
CFTC announces $1.8M settlement against brokerage firm FalconX
The regulator reported the firm voluntarily improved its practices after the CFTC’s civil suit with Binance and its former CEO Changpeng Zhao. Go to Source
Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm. Go to Source
Crypto firms brace for intensified SEC, CFTC action after regulator warning
The CFTC warned of another cycle of enforcement actions against crypto firms as investor interest rises. Go to Source
Canadian regulator fines Binance $4.4M for AML and CFT violations
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator. Go to Source
Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act
U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange. Go to Source
EU crypto regulations undermined by lack of enforcement, say observers
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws. Go to Source
Crypto firms to see more enforcement actions within 2 years — CFTC chair
Rostin Behnam said that “without a regulatory framework,” regulators would continue pursuing crypto firms to protect investors from potential fraud and manipulation. Go to Source
Coinbase faces new lawsuit over alleged investor deception
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities. Go to Source
