Tag: Firms
US Government Issues Warning To Crypto Firms Breaking The Law
The United States Deputy Treasury Secretary has strongly cautioned crypto firms suspected of participating in illicit activities.
“According to the Office of Financial Research,...
Compliance Firms Relish Hefty Payday From UK Crypto Rules
Global crypto exchanges looking to abide by new UK advertising rules are increasing demand for compliance advisers. Three such companies are raking in...
Japan Firms to Launch Yen-Based Clean Energy Stablecoin
A consortium of Japanese firms plans to issue a yen-based digital currency called DCJPY. The currency, slated for launch by July 2024, is...
How the CFTC Responds When Firms Misrepresent Legal Status
Exchanges and broker-dealers looking to lure customers will naturally take all reasonable steps to appear reputable and transparent. But some go much further...
How 10 Powerful Firms Fell Short of SEC Recordkeeping Rules
The latest enforcement action by the Securities and Exchange Commission (SEC) targets banks, broker-dealers, and investment advisers active in the cryptocurrency markets.
In its...
Why Crypto Firms Are Rushing to Register in Europe?
The crypto and stocks trading platform eToro has received a regulatory green light from the European Union (EU) as more crypto firms expand...
Hong Kong Tells Crypto Firms to Stop Calling Themselves Banks
The Hong Kong Monetary Authority has warned the public about crypto businesses that claim to be banks and use banking terms in marketing...
Crypto VC Funding Falls as Firms Become More Selective
The lengthening crypton winter has put the brakes on venture capital interest and investments in the sector. However, some projects are still garnering...
Bitcoin Mining Firm’s Tire Burning Plan Gets Flak From Environmental Groups
A Bitcoin mining company has come under fire for seeking approval to utilize tire-derived fuel to power its crypto mining operations in Nesquehoning,...
Ark Invest 21Shares Ethereum ETF: Firms File Joint Application
Ark Invest and 21Shares plan to team up and introduce an Ethereum Futures ETF, as indicated in a recent filing to the United...
Stablecoins Pose a Threat to Payment Firms Like PayPal and Visa
Payment giants such as Visa and PayPal could see their business models threatened by the increase in the adoption of stablecoins such as...
Firms Must Check Data Against These Wallets
The Federal Bureau of Investigation (FBI) issues a strong warning to cryptocurrency firms, urging them to thoroughly check blockchain data against wallets that...
Alarming Lack of Customer Verification in UK Crypto Firms
Newly released survey data from SmartSearch have raised concerns over the commitment of cryptocurrency firms when it comes to effective customer verification. According...