The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police...
Tag: Enforcement
SEC v. Ripple: SEC Recruits More Cryptocurrency Police to Bring Enforcement Action Against Fraudulent and Unregistered Digital Currency Offerings
– Advertisement – The U.S. SEC is not prepared to share crypto regulatory oversight with the CFTC amid calls from Ripple enthusiasts as the agency increases the number of digital currency ...
SEC Strengthens Crypto Enforcement Unit, Adds 20 New Roles
The United States Securities and Exchange Commission (SEC) is doubling down on its cryptocurrency industry enforcement efforts with the addition of 20 new positions to its crypto-specific unit. Announ...
UK Law Enforcement Officers Being On-Boarded in Big Crypto Firms
24 seconds ago | 2 mins read Editors News Officers trained by UNODC are quitting the UK Cyber-crime department. Leading crypto companies are hiring them for double or triple pay. Crypto tactical advis...
Coinbase Introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies
Coinbase has unveiled “Coinbase Intelligence,” a set of tools offering crypto compliance solutions for businesses, financial institutions, law enforcement agencies, and all those who are new to digita...
FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be i...
Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing – Regulation Bitcoin News
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of d...
Axie Infinity Hack Still Shows How Limited Law Enforcement is With AML Tools
While Binance announced it had recovered $5.8 million in stolen funds from the Lazarus Group on Friday, law enforcement still has a long way to go in its AML efforts of equipping itself with the neces...
Binance Denies Allegations It Shared Russian Users’ Data With Law Enforcement
According to Reuters, last April, Gleb Kostarev, Binance head of Eastern Europe and Russia, met with Russia’s anti-money laundering agency, Rosfinmonitoring (Rosfin). According to Kostarev’...
Federal Vaccine Mandate On Hold? White House Reportedly Delays Enforcement
Topline The White House Thursday told agencies to delay enacting a Covid-19 vaccine mandate for federal employees shortly after the 5th Circuit Court of Appeals removed a lower court’s injunction agai...
UK ASA Issues Enforcement Notice with New Regulations for Crypto Advertising
FCA’s director of markets revealed the agency’s commitment to helping ASA tackle crypto adverts that provide unclear and misleading information about the space. The Advertising Standards Authority (AS...
Congress group calls SEC crypto enforcement into question
Eight members of Congress, from both sides of the house, have written a joint letter to the SEC (Securities and Exchange Commission) calling into question its authority and approach on crypto assets. ...
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regul...
A Boston Man Forfeit 59 Bitcoin Worth $2.3 Million To Massachusetts Law Enforcement
A Boston Herald report reveals that a Brockton Man, Binh Thanh Le, is being forced to forfeit 59 bitcoin worth $2.3 million by Massachusetts law enforcement after he was caught with Xanax, ecstasy, an...
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement – Bitcoin News
A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web....
USA’s DFS to Use Blockchain to Strengthen Sanctions Enforcement Against Russia
The Department of Financial Services (DFS) will use blockchain analytics technology to build strengthen the enforcement of the sanctions against Russia. Specifically, the effort will be to detect if R...
The Ontario Securities Commission Flags Crypto Exchanges CEO’s Tweet to Law Enforcement
The Ontario Securities Commission has flagged Twitter posts to the law enforcement by the CEOs of cryptocurrency exchanges Kraken and Coinbase Global Inc., according to the Logic report. Kraken CEO Je...
Canadian Regulator Flags Kraken, Coinbase CEO Tweets to Law Enforcement
The Ontario Securities Commission (OSC) has contacted the Royal Canadian Mounted Police (RCMP) about tweets published by the CEOs of crypto exchanges Coinbase and Kraken regarding the ongoing ‘Freedom...
Justice Department Appoints Crypto Enforcement Team Head, FBI Launching Crypto Unit
Federal authorities in the United States, including the Justice Department and the FBI, are taking immediate steps to curb what it sees as a surge in cryptocurrency-related crime. During her speech at...
DOJ Appoints Eun Young Choi as Head of National Cryptocurrency Enforcement Team
Today, the US Department of Justice (DOJ) has announced the appointment of Eun Young Choi, veteran cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of comp...
First Director Of New National Crypto Enforcement Team Argued 2016 Appeals Case Of Ross Ulbricht
In a press release today, the Department of Justice (DOJ) announced the appointment of Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET). Choi, a sea...
US Justice Department Names Head Of Newly Formed Crypto Enforcement Team
The Justice Department recently appointed cybersecurity prosecutor Eun Young Choi to lead the newly formed “National Cryptocurrency Enforcement Team”, aimed at cracking down on digital currency scheme...
FBI Forms New Crypto Crimes Unit as DOJ Names Enforcement Team Director
In brief The United States FBI has established a Virtual Asset Exploitation Unit to focus on cryptocurrency-related cases. Also, the National Cryptocurrency Enforcement Team has named its first direct...
US DOJ names crypto enforcement director, reveals new FBI group focused on blockchain analysis and asset seizure
advertisement A crypto-focused “enforcement team” founded last October by the US Department of Justice has a new director. According to Thursday’s announcement, Eun Young Choi is no...
SEC Enforcement Against Wonderland Could Mean Trouble for DeFi
Prior to the reveal, Patryn – then working under the pseudonym “Sifu” – and Wonderland founder Daniele Sestagalli grew notorious for aggressively leveraging one of DeFi’s trendiest new tools: Protocol...
Regulation By Enforcement And Crypto Assets
Crypto businesses are worried about SEC’s recent plans to expand oversight to digital assets, which might currently trade outside its supervision. This concern also results from the fact that regulato...
Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement – Exchanges Bitcoin News
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restrict...
SEC Probes Three Crypto Firms in New Enforcement Review: Report
The U.S. Securities and Exchange Commission (SEC) is probing several cryptocurrency firms that offer high-interest yields amid a broader governmental effort to regulate digital assets. According to a ...
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monet...
Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto
Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Impor...