A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff…
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The metaverse can be wielded as a crucial tool in the hands of law enforcement agencies for training, crime prevention, and forensic analysis according to a new document released by Interpol. The report by the international organization seeks to delve into the possibilities of the metaverse, harnessing the digital world to solve real-world problems around…
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A Bitcoin dev unveiled a decentralized file hosting service for the blockchain, while $27 million was stolen from a Binance-linked hot wallet. Bitcoin gets a decentralized file-hosting service A Bitcoin developer has introduced a new decentralized file hosting solution that offers an alternative fee model to existing solutions that have run into “computational overhead” issues.…
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Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator. The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto. In an Oct. 31 statement, Commodity Futures Trading…
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America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and new regulation through courts. Coinbase Eyes ‘Crypto-Forward Markets’ Like EU, Singapore,…
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The United States Department of Justice is set to expand its digital asset crime enforcement teams in the coming months as part of wider plans to reduce virtual-asset-related crimes. In a speech delivered on July 20, at the Center for Strategic and International Studies, Nicole Argentieri, the Principal Deputy Assistant Attorney General disclosed the department’s…
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Gensler highlighted market surveillance and three other use cases in which the securities regulator staff could benefit from making greater use of AI. Gary Gensler, the chair of the United States Securities and Exchange Commission, believes staff at its agency could benefit from greater use of artificial intelligence. During a July 17 speech before the…
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Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the act aims to safeguard U.S. capital markets “from a tyrannical chairman.” Legislation Filed to Remove SEC Chair Gensler in…
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Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his experience in the SEC Enforcement Division, pointed to various indicators suggesting potential criminal charges in…
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Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing the Tracing of Crypto Transactions The Cabinet of Japan, the executive…
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