All Cryptocurrency articles – Page 7
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ArticleSEC commissioners address CCO liability, crypto regulation, more at CW2022
Two SEC commissioners from opposite sides of the political aisle took slightly different positions on how to assess the liability of poor performing chief compliance officers as part of the Day 2 opening keynote at Compliance Week’s National Conference.
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Binance appoints first deputy general counsel
Binance, the world’s largest cryptocurrency exchange, announced the appointment of Joshua Eaton as the company’s first deputy general counsel.
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FTX appoints chief compliance officer
Cryptocurrency exchange FTX US announced the appointment of Marissa MacDonald as chief compliance officer.
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ArticleTreasury sanctions first virtual currency mixer
The Department of the Treasury announced first-of-their-kind sanctions against virtual currency mixer Blender.io for its alleged role in a significant virtual currency heist carried out by a North Korean state-sponsored cyber hacking group.
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ArticleNvidia to pay $5.5M for ‘misleading’ disclosures of crypto mining’s impact
Nvidia agreed to pay a $5.5 million penalty as part of a settlement with the Securities and Exchange Commission concerning disclosures of the impact of crypto mining on its gaming business.
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ArticleSEC to increase staffing around crypto asset-related investigations
The Securities and Exchange Commission announced plans to nearly double the number of employees assigned to its Cyber Unit, which has had its name changed to emphasize the agency’s pursuit of crypto asset-related investigations.
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ArticleAnchorage Digital Bank gets OCC consent order for AML compliance failures
The Office of the Comptroller of the Currency announced a consent order against Anchorage Digital Bank, the first digital asset bank to be issued a charter by the regulator, for deficiencies in its Bank Secrecy Act/anti-money laundering compliance program.
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ArticleQ1 roundup: SEC tackles climate disclosures, businesses navigate Russia restrictions, more
Regulation and guidance from U.S. agencies and the White House, plus compliance challenges stemming from a two-year global pandemic and Russia’s ongoing invasion of Ukraine, made the first quarter of 2022 a novel risk environment for regulated businesses.
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ArticleReport: Number of AML fines up, penalty totals down in 2021
The number of anti-money laundering fines assessed against financial institutions globally reached its highest amount in six years during 2021, though the penalty amounts associated with those enforcement actions dropped notably, according to Kroll’s annual benchmark report.
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Hashdex names global head of legal and compliance
Hashdex, a crypto-focused asset management firm announced the appointment of Nicole Dyskant as global head of legal and compliance.
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ArticleBiden executive order seeks to study crypto, evaluate Fed-backed digital currency
President Joe Biden has ordered federal regulators to study the risks and potential benefits of digital assets and their underlying technology while encouraging the Federal Reserve to continue evaluating the creation of a federally backed digital currency.
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ArticleNYDFS investigating Coinbase’s compliance practices
The New York State Department of Financial Services has initiated an investigation into cryptocurrency exchange platform Coinbase relating to its compliance program.
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ArticleBitMEX founders fined $10M each for flouting AML rules
Arthur Hayes and Benjamin Delo, co-founders of cryptocurrency exchange and derivative trading platform BitMEX, were each fined $10 million as part of guilty pleas for anti-money laundering violations under the Bank Secrecy Act.
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Coinme hires chief compliance officer
Coinme, a U.S.-based cryptocurrency cash exchange, announced Brian Reisbeck has joined the company as its new chief compliance officer.
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ArticleTRUST: A solution to crypto’s Travel Rule dilemma
Jennifer Lee, head of compliance at Anchorage Digital, highlights the launch of the Travel Rule Universal Solution Technology as “the clearest sign yet that digital asset players, as an industry, not as individual companies, truly care about compliance.”
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Binance.US hires chief compliance officer
The U.S. arm of cryptocurrency exchange Binance has appointed Tammy Weinrib as chief compliance officer.
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ArticleDOJ names head of crypto enforcement team
The Department of Justice named veteran prosecutor Eun Young Choi to serve as the first director of its newly created National Cryptocurrency Enforcement Team.
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ArticleBlockFi ruling leaves big crypto question unresolved
The SEC’s determination regarding BlockFi’s crypto lending product is a landmark resolution, yet the ruling does little to settle the larger question still looming: Are cryptocurrencies securities or currencies?
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ArticleSEC, states fine BlockFi $100M; crypto lending product declared a security
BlockFi Lending agreed to pay $100 million in penalties as part of a first-of-its-kind case in which the Securities and Exchange Commission declared a type of cryptocurrency lending product should be registered as a security.
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ArticleDOJ arrests in Bitfinex case highlight inner workings of crypto laundering scheme
The Department of Justice arrested two individuals over an alleged conspiracy to launder approximately $4.5 billion worth of cryptocurrency stolen in the 2016 hack of digital asset trading platform Bitfinex.