Leading crypto exchange Binance is preparing to face penalties to resolve investigations in the U.S. Sources believe that resolving issues with U.S. regulators would be beneficial to the future of the...
Tag: Penalties
UK watchdog warns crypto firms of tougher rules with prison penalties
Listen to this article. The UK’s top financial watchdog, the Financial Conduct Authority (FCA), has kicked off 2023 with strict warnings for the tech and crypto sectors, amid concerns that the cost of...
Indian Government Introduces New Crypto Tax Penalties – Regulation Bitcoin News
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Ni...
NEXO prices deny the news trends — SEC levies penalties worth $45M
Nexo comes to an agreement with the agency to make penalty payments. A week ago, Bulgarian authorities raided Nexo offices. Prices increased by more than 13%. It’s been a week since the local au...
Nexo Capital to Pay $45 Million in Penalties
Due to Nexo Capital’s failure to register the offer and sale of its Earn Interest Product, the United States Securities and Exchange Commission (SEC) and the North American Securities Administra...
MLB 2022 Luxury Tax Payrolls Exceed $5 Billion For First Time; Six Clubs Pay Penalties
Over $5 billion was paid out to players in Major League Baseball in 2022 in the form of salaries, … [+] bonus, and other benefits. (Photo by Al Bello/Getty Images) Getty Images Total compensatio...
More Penalties, Industry Bans Come From Wells Fargo Scandal
Over the last few years, it seems like Wells Fargo (WFC) – Get Free Report has come under investigation for no small number of regulatory infractions or discrimination practices. Just under a ...
Crypto Exchange Agrees to Pay Penalties to the US Regulators
Earlier in July 2022, Kraken was accused by its Iranian users. Kraken will be paying $362,159 to settle its potential liability in the case. The United States Treasury Department has officially sett...
Nike moves to curb automated bots and resale market with penalties
Nike shoes are displayed on a shelf a Nike factory store on June 28, 2022 in Milpitas, California. Justin Sullivan | Getty Images Nike is taking steps to curb the proliferation of sneaker-buying bots ...
Caterpillar stock jumps to lead the Dow’s gainers after IRS settlement included no penalties
Shares of Caterpillar Inc. CAT, +3.46% climbed 3.3% in morning trading Friday, enough to pace the Dow Jones Industrial Average’s DJIA, +1.19% gainers, after the construction and mining equipment...
I Lost My Job. Can I Tap Retirement Accounts Without Penalties?
Michele Cagan is an Ask an Advisor columnist I lost my job last year and need to take care of a parent. In doing that, I must withdraw money from my retirement. I don’t understand the tax implications...
IRS Cancels Millions Of Penalties And Will Issue Refunds To Taxpayers Who Already Paid Them
The IRS has announced widespread penalty relief for those who filed late during the Covid-19 … [+] pandemic. getty Given the pandemic, did you file your 2019 or 2020 tax returns late? It happene...
IRS Forgives Penalties For Millions Of Taxpayers Who Filed Late—Here’s Who Qualifies
Topline The Internal Revenue Service said Wednesday it will waive and refund penalties for Americans who filed their 2019 or 2020 tax returns late, as the agency struggles with a massive Covid-imposed...
Thinking of Dodging Crypto Taxes? Koinly Explains the Risks and Penalties
Place/Date: – August 12th, 2022 at 2:31 pm UTC · 3 min read Contact: Koinly, Source: Koinly Photo: Koinly Thinking that the ATO won’t find out about your crypto? Have a secret crypto wallet you ...
New York Regulator Smacks Robinhood Crypto With $30 Million In Penalties ⋆ ZyCrypto
Advertisement     The New York State Department of Financial Services (NYDFS) on Tuesday handed Robinhood’s crypto trading unit a $30 million fine for alleged violatio...
SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
The US has doled out more than $3.3 billion in penalties for crypto firms
US regulators have collected $3.3 billion worth of monetary penalties from crypto-related businesses since 2009, government data show — and have collected $179.7 million so far in 2022. That’s accordi...
Court Hits BitMEX Co-founders With $30M in Civil Monetary Penalties
The Commodity Futures Trading Commission (CFTC) on Thursday announced that the District Court for the Southern District of New York (SDNY) had issued a Consent Order against all three founders of cryp...
G7 Countries: We Would Guarantee That Russia Is Unable To Escape Penalties By Using Cryptocurrency Assets
On Friday, the leaders of the Group of Seven (G7) countries published a united statement regarding additional penalties against Russia. Our countries have taken expansive, restrictive measures that ha...
On which cryptocurrency mining activities Iran is increasing penalties?
Middle Eastern country is up to increase the penalties on cryptocurrency mining activities that fall under several conditions Iran is planning to increase their penalties for cryptocurrency mining act...
Iran to Introduce Additional Penalties for Illegal Crypto Mining
Iranian authorities are tightening their grip on illegal crypto mining in the country in response to the failing power challenges that the nation is facing. As reported by the Tehran Times, subsidised...
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energ...
Bitcoin Miners to Face Tougher Penalties in Iran if They Operate Illegally
Alex Dovbnya Iran’s government plans to ramp up penalties for illegal cryptocurrency mining operations to avoid blackouts Iran’s government is on track to introduce more stringent penalties for those ...
US Federal Court Orders Trader to Pay Manipulative Scheme Penalties
The US Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases
(Bloomberg) — U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping more. Most Read from Bloomberg The White H...
ASIC Imposes $63M Civil Penalties in H2 2021 for Violations
The Australian Securities & Investments Commission (ASIC) released a six months enforcement update on Monday, reporting that it has imposed AU$84.3 million (around $63.4 million) in civil penaltie...