News with the tag "crypto crackdown"

Over the past month and a half, the Security and Exchange Commission (SEC) has started to move from its “aggressive” and “overreaching” crypto regulatory approach to a more welcoming one. Republican Commissioner Hester Peirce has shared some new insight on the US agency’s regulatory shift and the up...

Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul Grewal, Coinbase’s Ch...

Coinbase’s Chief Policy Officer (CPO) asked US lawmakers to establish a robust regulatory framework that benefits the crypto industry and American investors, suggesting six key priorities to protect users and develop the sector with clear regulations. Coinbase Urges Congress To Unlock The Industry’s...

Recent reports claim that Coinbase is seeking clarity on the status of banking services related to crypto. In a letter, the exchange allegedly urged US regulators to confirm whether banks can offer services to crypto businesses. This move comes before the US Congress hearing regarding “Operation Cho...

Canada appears to be tightening its surveillance of cryptocurrency transactions as part of an ongoing effort to combat money laundering linked to synthetic opioids—hard drugs. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) recently issued an alert pointing out how digital...

Kazakhstan shut down 36 illegal crypto exchanges in 2024, seizing $112 million in assets and advancing Anti-Money Laundering efforts alongside its upcoming digital tenge launch.

China’s new forex rules require Chinese banks to track identity, fund sources, and trading frequencies to curb cross-border crypto activities.

According to the latest reports , the United States has made efforts to disrupt illicit crypto-related networks that support North Korea’s government, announcing sanctions against two individuals and one entity in the United Arab Emirates (UAE). The US Treasury Department particularly said the parti...

Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. A New Crypto Era About To Begin As we approach the end of the year, th...

The crypto market has seen a massive rally following Donald Trump’s victory in the US presidential elections. For the past week, the sector’s expectations for the newly elected pro-industry administration have grown as a clearer regulatory framework seems within reach. However, some believe the Secu...