Canada is increasing efforts to reduce the risks of money tied to digital currencies Canada has intensified its oversight of cryptocurrency businesses, with the country’s financial intelligence unit revoking licenses of 47 crypto-related money services businesses (MSBs) this year. These actions are part of broader efforts to reduce risks of money laundering and financial fraud
The company’s continued weak performance has regulators concerned Connecticut regulators have temporarily halted operations of Bitcoin Depot, a major US cryptocurrency ATM provider, citing multiple alleged violations of state law. The Connecticut Banking Commissioner, through the Consumer Credit Division, issued a cease-and-desist order on March 9, suspending the company’s money transmission license. The action highlights
The change in the two-year-old case comes as the agency re-evaluates the evidence The US Securities and Exchange Commission (SEC) has moved to dismiss its case against Nader Al-Naji, ending a legal dispute that lasted about two years. The request was filed in the US District Court for the Southern District of New York and
The lawmakers believe only they can ensure transparency during the investigation A group of Democratic senators is pressing for oversight of a reported Justice Department investigation into alleged sanctions violations by Binance. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego said they want to ensure the DOJ conducts a thorough inquiry and holds the
Gregory transitioned into his new role on March 9, replacing former CEO Norman Reed Binance.US has appointed Stephen Gregory as its new CEO, marking a leadership shift as the exchange aims to strengthen its presence in the US. Gregory officially took over on March 9, with former CEO Norman Reed moving into an advisory role.
The civil forfeiture focuses on fraud conducts across several states US federal prosecutors are seeking to permanently seize roughly $3.44 million in USDt connected to an alleged cryptocurrency investment scam. The civil forfeiture action was filed in Boston, targeting funds that authorities say were obtained through deceptive tactics across multiple states. Officials claim the assets
The Bank Policy Institute believes crypto poses a risk to the financial system The Bank Policy Institute (BPI), a US trade group representing major banks, is reportedly considering legal action against the Office of the Comptroller of the Currency (OCC) over its crypto policies. BPI officials are concerned that granting crypto firms national trust bank
The collaboration reflects growing interest in combining traditional equities with blockchain technology Nasdaq is entering the tokenized equities space through a partnership with crypto exchange Kraken and its subsidiary Backed. The collaboration aims to create a bridge between traditional market infrastructure and blockchain-based networks while maintaining issuer control over their securities. The partnership builds on
Users in New York can now buy and sell Bitcoin, pay bills from Bitcoin and transfer funds to self-custody wallets Strike, a US-based payments company, has received both a virtual currency license and a money transmitter license from the New York State Department of Financial Services. These approvals enable Strike to offer Bitcoin services to
The outcome could influence regulatory practices and how Coinbase manages executive accountability A new shareholder lawsuit has been filed against Coinbase, targeting top executives and board members over alleged failures in compliance and disclosure. The derivative complaint, submitted Tuesday in the US District Court for the District of New Jersey, was brought by shareholder Kevin
The approval gives Kraken the ability to bridge the gap between traditional banking and cryptocurrency US cryptocurrency exchange Kraken has become the first crypto company to gain a Federal Reserve master account through its banking unit, Kraken Financial. The account, approved by the Federal Reserve Bank of Kansas City, provides the exchange with direct access
The amendment would prevent the Federal Reserve from creating a CBDC A new amendment to the Federal Reserve Act seeks to block the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. The language appears near the end of the 300-page “21st Century ROAD to Housing Act” (HR 6644), released by the
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