Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.
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Category: Regulation News
Public blockchains too ‘fragile’ for tokenization: Professor tells Congress
Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.
Investors file first civil suit against JPEX, more suits expected
The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
Roger Ver gets bail in Spain, faces extradition to the US
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax […]
Binance reinstates crypto buys with Visa, Mastercard payments
Binance has resumed allowing crypto purchases using Visa and Mastercard for its exchange users. Does this signal the end of Binance’s regulatory troubles?
UK crypto industry publishes Travel Rule navigation guide
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company.
Meta faces backlash in EU for AI data usage without user consent
The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images and online tracking data […]
Beware of fake work-from-home jobs, it’s a ploy to steal your crypto
The FBI is warning job seekers not to fall for the too-good-to-be-true “work-from-home” job scams.
Nigeria defends Binance exec prosecution amid US lawmakers' criticism
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of […]
US appeals court says SEC exceeded authority with fund rule
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for […]