US regulator fines crypto fund $150K for illicit Bitcoin loan
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022. Go to Source
regulator
Auto Added by WPeMatico
Did Binance’s CZ predict his own downfall?
An exclusive interview with Cointelegraph in 2018 highlighted growing scrutiny of Binance’s meteoric growth. Go to Source
Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator
The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored. Go to Source
Binance seeks protective order against SEC’s ‘fishing expedition’
The exchange claims the SEC’s deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance. Go to Source
Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator
Nevada’s business regulator issued a cease and desist order to the crypto custodian alleging it has a “shortfall of customer funds.” Go to Source Powered by WPeMatico
Tax Authority Slated to Become Main Crypto Regulator in Russia
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service … Read more
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds … Read more
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an … Read more
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority … Read more
Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are Difficult to Fathom, Vulnerable … Read more
