News with the tag "Fined"

India’s Financial Intelligence Unit (FIU-IND) has imposed a ₹9.27 crore ($1.06 million) fine on Bybit Fintech Ltd. for failing to comply with the Prevention of Money Laundering Act (PMLA), 2002. The penalty follows an investigation revealing multiple regulatory violations. FIU-IND Director Vivek Agg...

Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.

Ikigai Strategic Partners LLC got fined $150,000 by the National Futures Association (NFA) for breaking several rules, including improperly advancing funds and failing to supervise operations. The company mixed up assets from different pools and didn’t keep proper records, leading to serious violati...

The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating crypt...

The Dutch central bank, De Nederlandsche Bank (DNB), has imposed a substantial fine of €2.85 million ($3.1 million) on the well-known cryptocurrency exchange, Crypto.com, for non-compliance in Netherlands. The fine, The post Crypto.com Fined $3.1 Million for Non-Compliance in the Netherlands appeare...

Top executives from Binance have been summoned to appear before the Nigerian House of Representatives Financial Crimes Committee no later than March 4. Ginger Onwusibe, the committee’s chairperson, has warned of possible repercussions should Binance executives fail to comply with the request. Latest...

Binance, a leading cryptocurrency exchange, has denied allegations made by a Nigerian government official that it is facing a $10 billion fine. While Binance maintains its commitment to fostering a positive relationship with the Nigerian government, it firmly states that it will not succumb to press...

New developments such as free usernames, cross-chain names, and chat functions may lead to more addresses being associated with a name.