regulatory action – DIGIT INFO

Australian regulator claims 58% of crypto ads on Facebook are scams

DIGIT — Thu, 15 Aug 2024 02:27:49 +0000

Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams.

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Binance fined $2.25M by India’s financial intelligence unit

DIGIT — Thu, 20 Jun 2024 06:56:16 +0000

India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records.

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‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

DIGIT — Sat, 11 Feb 2023 02:04:58 +0000

On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service. Digital currency advocates are now debating what constitutes a yield product versus a noncustodial solution […]

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