A shocking report from Reuters reveals that FTX CEO, Sam Bankman-Fried (SBF) built a “bespoke backdoor” to outwit FTX’s compliance systems without raising red flags. Reports by Reuters have revealed t...
Tag: Compliance
SBF built bespoke ‘backdoor’ to outwit FTX compliance systems: Reuters
Sam Bankman-Fried built a “backdoor” to his FTX exchange in an effort to change financial records and move funds without alerting others, according to a report by Reuters citing two people...
FTX’s Legal and Compliance Team Reportedly Resigned
Troubles for the beleaguered cryptocurrency exchange FTX continue to deepen, following reports that a majority of the firm’s legal and compliance staff have exited the exchange. FTX, which is on the b...
Binance-FTX deal reportedly scrapped without FTX.US on table; legal, compliance teams quit
The Binance-FTX deal appears to be off as a source with knowledge of the matter and text conversations reviewed by Blockworks indicated that Binance won’t acquire FTX unless FTX.US is included. The so...
Thoma Bravo leads $70 million round into crypto compliance firm TRM Labs
Private equity firm Thoma Bravo has led a $70 million Series B extension into TRM Labs, which provides risk management and compliance services for financial institutions, crypto companies and governme...
Ethereum inches even closer to total censorship due to OFAC compliance
Considering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing complianc...
Ethereum close to 100% censorship due to OFAC compliance
The community has been monitoring Ethereum‘s increasing compliance with requirements set forth by the Office of Foreign Assets Control (OFAC). This is due to the fact that protocol-level censorship is...
Google Agrees To Boost Compliance Program in DOJ Legal Battle
The case fuels debate over whether US tech companies should turn over data held on systems outside the country A compliance monitor will ensure Google fulfills its legal obligations The US Department ...
S. Korean watchdog goes after crypto whales to ensure AML compliance
South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital as...
Binance Custody Partners TRM Labs to Bolster Regulatory Compliance – crypto.news
Binance will adopt a new compliance mechanism for its custody solution. Binance Custody is integrating TRM’s complete service platform to bolster its risk management, ensure regulatory compliance, and...
Binance Custody Ensures Institutional Compliance with TRM Labs Integration
TRM provides Binance Custody best-in-class compliance tools for wallet storage and transactions for institutions SAN FRANCISCO–(BUSINESS WIRE)–Binance Custody, an institutional-grade digital asset cus...
How Binance Will Integrate “Compliance Tools” For Custody
Per a press release shared with Bitcoinist, Binance will integrate a new compliance mechanism for its custody solution. Provided by TRM Labs, the integration will allow Binance Custody to access risk ...
CZ Responds to Reuters FUD About Binance Regulatory Compliance
Changpeng Zhao (CZ) – CEO of Binance – called out a Reuters journalist on Monday over a handful of “accusations” they’ve made against the exchange over the past several months. The executive said the...
Ethereum Block Generation Turning Towards OFAC Compliance
4 hours ago | 2 mins read Altcoin News The vast majority of blocks over the last day have been sent by relays. The Ethereum-based research and development team Flashbots created MEV-Boost. On Friday, ...
Zero-knowledge KYC could solve the privacy vs compliance conundrum — VC partner
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy. As the Web3 industry matures, zero-knowledge Know Your Customer (zkKYC...
Mastercard to Float New Compliance Product alongside CipherTrace
American multinational financial services corporation Mastercard has partnered with its newly acquired subsidiary, CipherTrace, to launch a new product called Crypto Secure that helps banks assess the...
Disruptive DeFi & Compliance Technology from Securrency to be Integrated by XDC Network
Advertisement     XDC Network, a cutting-edge blockchain with a developed ecosystem and a focus on real-world applications in international trade and finance, will hos...
XDC Network To Integrate Groundbreaking DeFi & Compliance Technology From Securrency
Securrency, a leading blockchain-based financial markets infrastructure and products company, announced today that it will deploy its proprietary Digital Asset Composer on the XDC Network, a state-of-...
Kraken’s compliance lead shifts over to crypto exchange Binance
Crypto exchange giant hired Steven Christie to lead its compliance efforts after five years working at rival exchange Kraken as senior vice president of compliance. Christie transferred over to Binan...
Binance Hires Kraken Executive Steven Christie as Chief Compliance Officer
Cryptocurrency exchange Binance has snatched up the former Chief Compliance Officer from rival Kraken, Steven Christie, to lead its compliance efforts. According to Wall Street Journal news on Friday,...
Binance Hires Former Chief Compliance Officer From Rival Kraken
Binance Hires Former Chief Compliance Officer From Rival KrakenSteven Christie Joins Binance As Senior Vice President Of ComplianceSeptember 23, 2022Binance is the world’s largest cryptocurrency...
Binance hires ex-Kraken compliance chief; Coinbase faces patent infringement lawsuit
The biggest news in the cryptosphere for Sept. 23 includes Kraken’s former compliance chief’s switch to Binance, the new patent infringement lawsuit Coinbase has to face, and Bitcoin mining firm Compu...
Binance hires former Kraken compliance chief
Cryptocurrency exchange Binance hired Kraken’s former chief of compliance Steven Christie in May as senior vice president of compliance to lead its global compliance team, The Wall Street Journal repo...
Binance Exchange Inaugurates Global Advisory Board under Compliance Drive
Binance Exchange, through its Chief Executive Officer, Changpeng Zhao has announced the establishment of its Global Advisory Board (GAB) as it looks to deepen its regulatory compliance in the region w...
Web3 compliance company Satschel raises $5.2 million, partners with Assure
Compliance company Satschel has raised a $5.2 million seed round led by early-stage venture firm Brand Foundry Ventures, according to a spokesperson for the startup. Leveraging web3 technologies, Sats...
Central Bank of Argentina Added New Compliance Rules for Digital Wallets
The Central Bank of Argentina granted the digital wallet companies three months to implement the rules. Digital money and crypto are becoming popular in Argentina, drawing regulators’ atte...
Central Bank of Argentina Issues New Compliance Rules for Digital Wallets – Regulation Bitcoin News
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as f...
Binance Canada partners with MinervaAI to boost compliance effort
Crypto trading platform Binance Canada, an affiliate of leading global cryptocurrency exchange Binance, has taken another step towards enhancing its know your customer (KYC) and anti-money laundering ...
Huobi delists seven privacy tokens, citing compliance policies
Crypto exchange Huobi has announced plans to delist seven privacy tokens in compliance with new regulatory policies. Huobi terminated the trading for privacy tokens: Monero (XMR), Dash (DASH), Decred ...
Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance — Says ‘Vast Majority Are Securities’ – Coinotizia
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized...
Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance — Says ‘Vast Majority Are Securities’ – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized...