Category: US
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Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
KuCoin Faces Charges For AML Violations In The US
KuCoin, a prominent player in the cryptocurrency exchange arena, has found itself embroiled in legal proceedings with US prosecutors over alleged violations of anti-money laundering (AML) regulations. The exchange, known for its substantial daily trading volume exceeding $2 billion, has been accused of failing to comply with American AML rules, as revealed by federal prosecutors in Manhattan. US prosecutors charged KuCoin, one of the world’s largest cryptocurrency exchanges, and two of its founders for failing to comply with American anti-money laundering rules. https://t.co/QVv6VUh95S — Bloomberg Crypto (@crypto) March 26, 2024 According to prosecutors, KuCoin and its founders have been charged
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Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision
US Continues Efforts to Extradite Terra Founder Do Kwon
High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.
Two individuals indicted for $25M AI crypto trading scam: DOJ
Defendants David Gilbert Saffron and Vincent Anthony Mazzotta Jr. allegedly solicited users’ deposits for investment and used them for lavish personal expenditures.
Don’t panic: Only 11 of 330 Elizabeth Warren’s bills have ever passed
Support for the Digital Asset Anti-Money Laundering Act is growing in Congress, but most bills sponsored by legislators never become law.
House Committee passes bill to ‘preserve U.S. leadership’ in blockchain
The pro-crypto bill is one of many before Congress that aims to promote the country’s deployment and use of blockchain technology.