Binance, the world’s largest cryptocurrency exchange, has been facing escalating regulatory challenges in various jurisdictions, including India. Recently, the country’s Financial Intelligence Unit (FIU) imposed a hefty fine of 188.2 million Indian Rupees on Binance for non-compliance with Anti-Money Laundering (AML) regulations. This fine amounts to approximately $2.2 million and was a result of Binance’s
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When it comes to traveling with cryptocurrency, one of the most crucial aspects is to ensure the security of your digital wallet. This can be achieved by implementing time-tested strategies that are designed to protect your assets from potential threats and hacks. Accessing your crypto accounts while on the go requires you to prioritize secure
The recent discovery of a critical vulnerability in the crypto exchange Kraken’s deposit system by blockchain security firm CertiK has brought to light some serious security concerns. The allegations of extortion made by Kraken against CertiK have sparked a public feud between the two parties. While CertiK has denied these allegations, the events that unfolded
A federal high court in Nigeria recently made a decision to dismiss a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The case was thrown out due to Anjarwalla’s lack of legal representation, which came after he fled Nigerian authority’s custody
Recently, Brazil’s Special Department of Federal Revenue announced that they will be intensifying their efforts to monitor foreign cryptocurrency exchanges. The goal is to ensure that these exchanges are adhering to local regulations and not engaging in any illegal activities. This move comes as a response to the growing popularity of cryptocurrencies in the country
In the aftermath of the FTX collapse, a fierce legal battle has erupted over the millions of dollars in assets seized from former CEO Sam Bankman-Fried (SBF). Debtor parties, along with FTX Digital Markets, have filed a petition seeking control of the assets, arguing that they have a superior right to the seized funds and
The New York Attorney General’s (NYAG) office recently announced the successful completion of its settlement with Gemini, resulting in the recovery of $50 million for users affected by the defunct Gemini Earn program. This settlement marks a significant step forward in resolving the legal charges brought against Gemini by the NYAG. As part of the
In recent years, the copy trading industry has seen a significant surge in popularity, with brokers increasingly seeking sophisticated solutions to meet the evolving needs of their traders. One company that has been at the forefront of this shift is B2Broker, which has recently unveiled its next-generation copy trading platform, B2Copy. Unlike other solutions in
The world of blockchain payments is constantly evolving, and one platform that is leading the way is B2BinPay. With the recent launch of B2BinPay v20, users can now take advantage of new features such as TRX staking and expanded blockchain support. These updates are designed to enhance user experience, flexibility, and efficiency within the platform.
In a rapidly evolving digital landscape, where cryptocurrencies have become increasingly popular, the need for robust security measures and regulatory compliance has never been more critical. BloFin Exchange, a leading cryptocurrency trading platform, has taken a significant step towards enhancing security and compliance with its recent integration with the Chainalysis blockchain data platform. By partnering
In a bold and strategic move, Robinhood has recently announced its plans to acquire the global cryptocurrency exchange Bitstamp for a hefty sum of approximately $200 million in cash. This acquisition is aimed at expanding Robinhood’s global footprint, particularly in regions such as Luxembourg, the UK, Slovenia, Singapore, and the US. With Bitstamp holding over
Bybit, a leading cryptocurrency exchange, has recently taken a surprising step by removing China from the list of restricted countries. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong continue to be restricted from using Bybit’s services, China has been notably excluded from this list. This move has sparked speculation
Recently, Binance made an announcement that they will be limiting the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes as a response to the upcoming Markets in Crypto-Assets Regulation (MiCA), which is set to be fully operational by the end of 2024. The move by Binance is expected to
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, contesting the SEC’s refusal of its rulemaking petition. The crux of the issue lies in a singular sentence in the SEC’s order that “disagreed” with Coinbase’s claim that current SEC regulations are impractical for digital asset companies. Coinbase asserts