All Cryptocurrency articles – Page 9
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Article
Bittrex Global names chief compliance and risk officer
Digital asset exchange Bittrex Global GmbH named Michael Schröder as chief compliance and risk officer.
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ArticleWeathering the storm: Why FinTech compliance failures persist
Experts weigh in with their thoughts on why FinTechs and cryptocurrency firms continue to have a bad reputation in terms of compliance.
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ArticleExperts: Gary Gensler and the SEC are coming after cryptocurrencies
Many in the cryptocurrency space would prefer Gary Gensler and the SEC leave the sector to function without much regulation, but experts predict he’ll take a heavy-handed approach.
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ArticleCrypto platform BitMEX to pay $100M for registration, AML violations
Cryptocurrency platform BitMEX has agreed to pay $100 million as part of a settlement with the CFTC and FinCEN for multiple violations of the Bank Secrecy Act and other anti-money laundering laws.
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BlockFi appoints chief risk officer
Cryptocurrency platform BlockFi announced the appointment of Yuri Mushkin as chief risk officer.
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ArticleBinance enhancing compliance after recent U.K. ban
The CEO of cryptocurrency platform Binance touted the company’s growing commitment to compliance after one of its units was banned from operating in the United Kingdom.
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Article
FinCEN adds first chief digital currency advisor
The Financial Crimes Enforcement Network named Michele Korver its first-ever chief digital currency advisor.
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ArticleRobinhood Crypto anticipates $10M penalty for cyber, AML failures
Robinhood Markets said its cryptocurrency platform might face a penalty of “at least” $10 million from the New York State Department of Financial Services for anti-money laundering and cyber-security failures.
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ArticleAML compliance proving tall hurdle for U.K. crypto firms
The U.K.’s financial regulator has been forced to extend a registration deadline for cryptocurrency firms by nearly nine months because so few have been able to meet even basic anti-money laundering requirements.
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Bitstamp appoints U.S. chief compliance officer
Cryptocurrency exchange company Bitstamp announced the appointment of Thomas Hook as its U.S. chief compliance officer.
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Blockchain.com names head of legal and compliance
Blockchain.com has named Lindsey Haswell as chief legal officer and chief administrative officer. In this role, she will be responsible for leading the legal, compliance, and HR teams for the cryptocurrency blockchain company.
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ArticleU.K. AML update: New obligations for cryptocurrency firms
Mark Steward, executive director of enforcement and market oversight at the U.K. Financial Conduct Authority, recently shared insights into the agency’s pipeline of AML investigations and what lies ahead for regulated firms.
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Article
Binance tabs former FATF execs as compliance advisors
Cryptocurrency exchange Binance announced the appointment of former Financial Action Task Force executives Rick McDonell and Josée Nadeau as compliance and regulatory advisors.
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ArticleOFAC crypto crackdown: Coinbase disclosures under review
Coinbase disclosed certain of its transactions are “under review” by the Office of Foreign Assets Control for potential violations of U.S. sanctions laws. Fellow cryptocurrency platforms BitGo and BitPay have each been fined by the regulator in the last three months.
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ArticleFinCEN again extends comment period for controversial crypto AML rules
The Financial Crimes Enforcement Network for a second time has extended the comment period for portions of its proposed AML rules aimed at peeling back the anonymity of certain kinds of cryptocurrency transactions.
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ArticleBitGo adds compliance chief from competitor Coinbase
Digital asset platform BitGo announced the appointment of Jeff Horowitz as chief compliance officer. Horowitz joins BitGo from fellow cryptocurrency firm Coinbase, where he served as CCO for 2 1/2 years.
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ArticleCCO allegedly ignored in Ripple cryptocurrency lawsuit
The chief compliance officer at Ripple Labs allegedly warned company leaders on multiple occasions that its marketing of its cryptocurrency offering, XRP, could lead the SEC to classify it as a security—the focal point of a lawsuit filed Tuesday.
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ArticleEmbattled BitMEX hires chief compliance officer
On the heels of a CFTC enforcement action, cryptocurrency exchange platform BitMEX announced the appointment of Malcolm Wright as chief compliance officer of its operating company 100x Group.
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Gemini adds APAC compliance chief
Gemini Trust Company, a cryptocurrency exchange and custodian, announced the appointment of Andy Meehan as chief compliance officer of the Asia-Pacific region.