Terraform Labs is facing a number of legal battles, the latest of which comes following the TerraUSD depegging last month. The US Securities and Exchange Commission (SEC) served the founder and CEO ...
Tag: Comply
Do Kwon and Terraform Labs to Comply With the SEC Investigation After Losing Appeal Case
A recent court ruling has granted an application by the Securities and Exchange Commission (SEC) to order Terraform Labs and its co-founder Do Kwon to comply with the agency’s investigative subpoenas....
New York requires stablecoin issuers to comply with new guidelines
The Department of Financial Services (DFS) of the state of New York has published a regulatory guideline for stablecoins backed by the US dollar. The regulatory guidelines will look into stablecoins i...
Do Kwon Appeal Overruled, Must Comply With SEC Investigation Into Mirror Protocol
An appeal filed on behalf of Terraform Labs CEO Do Kwon was overruled on June 8 by a U.S. court, stating he and his company are required to comply with investigations by the Securities and Exchange Co...
Second Circuit Court Order’s Terraform Labs and Do Kwon to Comply With SEC’s Subpoena
The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs, and its co-founder Do Kwon into complying with a September 2021 Subpoena served him at a New Yor...
Terraform Labs Loses Appeal, Ordered to Comply With SEC Investigation
Key Takeaways The U.S. Court of Appeals has ordered Terraform Labs and its CEO Do Kwon to comply with SEC’s investigative subpoenas. Kwon and his company challenged a district court’s deci...
Stepn to block mainland China users to comply with regulatory policies
The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company’s uncertainty has been fueled by rumors that it will ...
Binance Halts Its Cryptocurrency Derivatives Offering In Spain to Comply With Regulatory Requirements
– Advertisement – With Binance moving to get regulatory approval from Spanish authorities, the exchange has discontinued crypto derivative offerings in Spain in a bid to get a regulatory g...
Judge orders Cushman & Wakefield to comply with Trump subpoenas
Anti-Trump demonstrators gather outside of the New York County Supreme Court in New York City, U.S., April 25, 2022. David Dee Delgado | Reuters A New York judge Monday ordered commercial real-estate...
Binance CEO CZ Says Exchange Will Comply With All Sanctions
Binance CEO Changpeng “CZ ” Zhao said the exchange’s recent restrictions against Russian users came from compliance with sanction rules. He added that crypto exchanges must comply with “all sanctions....
Binance Limits Services to Russian Users to Comply With EU Sanctions – Exchanges Bitcoin News
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanct...
Judge Rules Trump Organization Must Comply With Subpoena By Next Month
Topline A New York Supreme Court judge on Monday ordered the Trump Organization to turn over documents to New York Attorney General Letitia James’ office by next month, as prosecutors move forwa...
Coinbase Makes Changes to Services in Canada, Japan, Singapore to Comply With Local Crypto Regulations – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are t...
Japan Insists Crypto Exchanges to Comply With Sanctions Against Russia (Report)
The Japanese authorities reportedly urged local cryptocurrency platforms to stop facilitating digital asset transactions subject to sanctions against Russia and Belarus. The Asian nation is among the ...
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison – Regulation Bitcoin News
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned per...
Japan orders crypto exchanges to comply with Russia sanctions
Japanese authorities have told crypto exchanges to comply with sanctions imposed on Russia. To do this, it has asked them not to process transactions subject to the sanctions against Russia and Belaru...
UK Financial watchdog shuts down crypto ATMs and awaits March 31 deadline for crypto companies to comply with tough AML requirements
The UK financial watchdog, the FCA, has warned operators of crypto ATMs to shut down their machines or face enforcement action. The FCA is also ready to reject any crypto companies operating in the UK...
Coinbase CEO ready to comply with U.S. sanctions on Russia
TL;DR Breakdown Coinbase CEO states readiness to comply with sanctions against Russia if the need arises. Binance and Kraken take a similar stand on economic sanctions. Global governments stand on the...
Coinbase CEO: We’ll Comply With Russia Ban If US Government Tells Us To
Coinbase CEO, Brian Armstrong, has said the exchange will comply with a ban on Russian users should the U.S. government impose rules to that effect. “If the U.S. government decides to impose a ban, w...
CZ Maintains That Binance Will Comply With Sanction Rules For Russia
The crypto industry continues to battle bad media representation targeted at it. Changpeng Zhao, the CEO of Binance, has called out media outlets that have misrepresented the decision of crypto exchan...
US asks crypto exchanges to comply with sanctions against Russia
The US has asked cryptocurrency exchanges to comply with Russian sanctions following the invasion of Ukraine by Russia last week. As outlined in a report by Bloomberg, the economic sanctions that the...
Crypto Gaming Firm Bans Russians to Comply With Sanctions
One of the biggest blockchain game developers has become the first crypto-related firm to block Russian users from accessing its services. Animoca Brands‘ co-founder announced the decision following R...
Crypto Exchanges Will Comply With the U.S. Sanctions, Report Says
According to a Saturday report, centralized crypto firms are going to comply with the United States and EU sanctions on Russia. After President Vladimir Putin publicly demonstrated the Russian milita...
Crypto Startup Terraforms Compelled By Judge To Comply With Their SEC
A US District court in New York has intervened in a case between the SEC and a crypto company and its CEO. Judge J. Paul Oetken ruled that Terraform Labs (TFL) and its CEO, Do Kwon, must comply with t...
New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas – Bitcoin News
A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commissi...
“We Will Be Forced To Comply” Crypto Exchanges Raise Warnings As Canada Blacklists Crypto
Most major cryptocurrencies traded negative for the week as Canada’s blacklisting of crypto wallets related to the trucker protest drew criticism from the community, while tensions between Russia and ...
Nexo to restructure its Earn Interest Product to comply with US regulations
Nexo will be changing its policy changes for its US clients. The change comes as the US Securities and Exchange Commission (SEC) focuses its attention on the decentralized finance (DeFi) sector. Nexo ...
US Court Orders Terra, Do Kwon to Comply With SEC Subpoenas
The United States District Court in New York has ordered Terraform Labs and its CEO Do Kwon to comply with subpoenas issued by the Securities and Exchange Commission (SEC). The subpoenas were issued ...
Judge orders Terraform Labs to comply with SEC subpoenas
advertisement A judge in the Southern District of New York has granted an application from the US Securities and Exchange Commission for an order requiring Terraform Labs to comply with investigative ...
Kraken CEO says the exchange will be forced to comply with crypto freezing in Canada
The protesting Canadian truckers have been forced to turn to Bitcoin (BTC/USD), and other cryptocurrencies as funding platforms such as GoFundMe sized their donations due to increased pressure from th...
Court Orders Terra’s Do Kwon to Comply with SEC Subpoenas
Key Takeaways A New York court has ordered Terraform Labs CEO Do Kwon to comply with the SEC’s investigation into Mirror Protocol. Kwon first received two subpoenas from the SEC in September 202...
Binance Restricts Nigerian Accounts in Order to Comply With AML & KYC Measures
Binance Holdings Ltd. restricted personal accounts of several users in Nigeria to ensure the security of the platform, the CEO said in a blog post. “User security remains our top priority,” Binance CE...