Former Binance CEO Changpeng Zhao is facing the possibility of a 10-year prison sentence for violating the Bank Secrecy Act. Binance, the cryptocurrency exchange, has been implicated in a global criminal enterprise and has agreed to pay a record $4.3 billion fine. The Department of Justice (DOJ) is pushing for travel restrictions for Zhao until […]
A recent court filing suggests that Changpeng “CZ” Zhao, the former CEO of Binance, is facing further legal challenges despite pleading guilty to violating US Anti-Money Laundering requirements. Zhao is currently challenging the government’s efforts to prevent his return to the United Arab Emirates while awaiting sentencing. The authorities have indicated that he may face […]
Zipmex, a cryptocurrency exchange based in Singapore, has decided to temporarily suspend all digital asset trading operations in Thailand. This move is in response to regulatory demands set by the Securities and Exchange Commission (SEC) in Thailand. The suspension, effective from November 25, aims to ensure that Zipmex’s business operations align with the regulatory standards […]
US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again approaching the $38,000 mark, with the potential for further gains if it breaks through. Grayscale has submitted an updated prospectus for a […]
Cryptocurrency exchange Zipmex has announced that it will suspend all digital asset trading in Thailand in order to comply with regulatory requirements. The company has decided to temporarily halt its operations to align with the criteria set by the Securities and Exchange Commission (SEC) in Thailand. This suspension will be effective from November 25, 2023, […]
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the U.S. government. This settlement is seen as a significant step towards the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The settlement involves Binance agreeing to have compliance monitors overseeing its operations […]
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has filed a legal brief opposing the government’s motion to prevent him from returning to the United Arab Emirates (UAE) while awaiting sentencing. Zhao recently pleaded guilty to failing to maintain an effective anti-money laundering program as part of a global resolution that resulted […]
Interactive Brokers Hong Kong has obtained a license to trade virtual assets for retail clients in Hong Kong. The announcement was made by David Friedland, the Managing Director for Asia Pacific at Interactive Brokers, on LinkedIn. The firm will initially focus on trading Bitcoin and Ethereum. More details about the licensing will be provided in […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes as a result of regulatory uncertainties and is in line with the suspension of Bittrex’s operations in the United States earlier this year. The U.S. Securities and Exchange Commission (SEC) had accused Bittrex Global […]
The US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of conducting unregistered operations. The SEC alleges that Kraken operated as an unregistered broker, clearing agency, and dealer, trading tokens deemed securities without complying with federal securities laws. The lawsuit specifically mentions tokens such as Algorand, Polygon, and […]
