Paxful Pleads Guilty as DOJ Imposes $4 Million Criminal Penalty
Paxful’s guilty plea highlights growing regulatory scrutiny in the crypto space, signaling potential shifts for compliance and operations.
compliance
CFTC withdraws old crypto rules to modernize market oversight
CFTC’s withdrawal of old crypto rules signals a shift towards modernized market oversight, promising clearer regulatory frameworks.
DOJ orders Paxful to pay $7.5M for facilitating illicit transactions
Paxful settles with DOJ for $7.5M, highlighting regulatory challenges in the cryptocurrency market and compliance needs.
Bitcoin Exchange Paxful Agrees to Plead Guilty, Hit With $7.5 Million in Penalties
Paxful pleads guilty to facilitating money laundering, facing $7.5 million penalties, highlighting compliance challenges in crypto.
Bitunix Strengthens Institutional-Grade Security And Compliance Through Fireblocks And Elliptic Integrations
Bitunix enhances security and compliance with Fireblocks and Elliptic, aiming for institutional investor trust.
Crypto Tax Bill Targeted for Passage by Next August, House Tax Writer Says
U.S. crypto tax bill aims for August 2024 passage, clarifying regulations for investors and exchanges ahead of 2026 IRS oversight.
FinCEN Fines Paxful $3.5M for Enabling $500M in Illicit Crypto Transactions
FinCEN fines Paxful $3.5M for facilitating $500M in illicit transactions, highlighting the need for compliance in crypto.
ASIC Unveils Major Stablecoin Relief and Omnibus Rights — But There’s a Catch
ASIC’s stablecoin reforms introduce exemptions but require compliance, indicating future regulatory changes for digital finance in Australia.
No, Stablecoins Don’t Aid Criminals in Laundering Money Directly – but Banks Want You to Think So
Analyzing misconceptions about stablecoins and their role in money laundering amid weak compliance in traditional banking systems.
U.S. banks race into crypto amid opportunities and risks
U.S. banks are venturing into crypto, facing significant risks as they navigate opportunities in the digital asset landscape.