worldwide-stablecoin
IRS lists 4 crypto crimes among its top cases in 2023
In recent news, several significant cases have come to light, involving various illegal activities and investigations. One of the cases involved the Silk...
Don’t panic: Only 11 of Elizabeth Warren’s 330 bills have ever...
Support for the Digital Asset Anti-Money Laundering Act is gaining momentum among members of Congress. However, it is important to note that the...
KuCoin agrees to ban New York residents and pay $22 million...
KuCoin, a cryptocurrency exchange, recently announced that users based in New York will face certain restrictions. Within the next 30 days, these users...
S&P Global’s Stablecoin Ratings: GUSD, USDP, and USDC Ranked Highest
The producer of the S&P 500 recently conducted an assessment of eight stablecoins. Among the stablecoins evaluated, Tether received the second-lowest rating. This...
Two individuals indicted for $25M AI crypto trading scam: DOJ
Defendants David Gilbert Saffron and Vincent Anthony Mazzotta Jr. are accused of soliciting deposits from users for investment purposes. However, instead of using...
More US senators back Elizabeth Warren’s AML bill targeting crypto
The legislation, which was reintroduced in July, has gained support from several U.S. lawmakers. However, there are critics who argue that it may...
CZ must stay, Do Kwon to be extradited: Law Decoded
In a recent development, a Seattle district court has dismissed CZ's departure to the UAE. This decision comes after the Montenegrin justice minister...
Argentine crypto influencers hope Javier Milei will shun FATF Travel Rule
The newly inaugurated Argentine president, who took office on December 10th, has made a pledge to dismantle the nation's central bank. However, there...
This KYC solution reduces onboarding time by 90%, driving crypto adoption
Cumbersome Know Your Customer (KYC) procedures have the potential to significantly impact the adoption of cryptocurrencies. These procedures present various challenges and result...
Crypto Market: Reasons for Today’s Decline
Today, the cryptocurrency market is experiencing a decline in value due to significant liquidations that have occurred. This sudden development has temporarily caused...
UK FCA crypto skills gap is causing slow enforcement
According to the National Audit Office, the U.K. Financial Conduct Authority (FCA) has taken almost three years to tackle illegal activities associated with...
US gov’t removes two crypto AML rules from national defense bill
Two provisions related to cryptocurrency Anti-Money Laundering issues have been removed from the National Defense Authorization Act. These provisions were aimed at addressing...
DOJ unveils extensive monitorship of Binance operations
Binance, the popular cryptocurrency exchange, has announced new compliance obligations aimed at strengthening its relationship with U.S. authorities. As part of these obligations,...
Microsoft faces UK antitrust probe over OpenAI deal structure
The regulator is conducting an examination to determine if the collaboration between the two parties can be considered an "acquisition of control." This...
Kazakhstan blocked 980 unlicensed crypto exchanges in 2023
The Financial Monitoring Agency has initiated nine separate investigations into cases involving "illegal exchange operations" and money laundering. These investigations are aimed at...