The New York Department of Financial Services has fined Robinhood Crypto $30 million for multiple regulatory violations. The department concluded after an investigation that the company had failed to ...
Tag: regulators
Regulators Ring-up Robinhood for $30M Fine
Robinhood didn’t put up a dedicated phone number for consumer complaints, violating customer safeguard measures The settlement with Robinhood is the regulator’s first crypto enforcement New York’s fin...
Major Regulators Like The FCA Look To Legislate Cryptocurrency
The crypto market stays in limbo as we move forward into the last four months of the year. Now, the FCA is looking for new ways to regulate cryptos. The crypto industry’s presence is undeniably more w...
Crypto Regulation Planning by UK, US Regulators
A Gathering of The Gang For the purpose of discussing larger crypto regulatory activities, regulators from the US and UK convened. They reiterated their dedication to ongoing collaboration to encourag...
Huobi Global Enters Australia Following Approval by Regulators
The Australian Transaction Reports and Analysis Centre (AUSTRAC) granted approval. Huobi will be looking forward to concentrating on OTC services the most. The Huobi global exchange has received compl...
US and UK Regulators to Frame a Strengthened Crypto Regulation
16 seconds ago | 2 mins read Editors News The US and UK regulators collaborated to enlarge cryptocurrency regulation. The Working Group wants to strengthen regulatory outcomes for stablecoins across j...
Crypto regulation: US and UK regulators join hands
The need for crypto regulation has been felt since the market has continued to see a tremendous influx of capital. The increase has continued to make it a trillion-dollar market. Though there were min...
US, UK Regulators Partner on Broader Crypto Regulation – Regulation Bitcoin News
Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as t...
U.S. Banking Regulators Order Voyager to Remove Misleading Insurance Statements – crypto.news
Amid the troubles surrounding cryptocurrency lender Voyager Digital, United States banking regulatory bodies have ordered the company to correct misleading statements suggesting that customers’ funds ...
Senator Prompts Regulators to ‘Do More’ to Combat Crypto Scams and Fraud
The chairman of the Senate Banking Committee called out the risks of crypto on Thursday, expressing a need from regulators to protect the public from scams and fraud. “Bitcoin can be used for old-time...
US Regulators Order Voyager to Remove Misleading Statements
The Federal Reserve and the Federal Deposit Insurance Corp have sent a letter to crypto-broker Voyager Digital, asking it to remove false and misleading statements regarding FDIC insurance and coverag...
Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers
“Voyager has made various representations online, including its website, mobile app, and social media accounts, stating or suggesting that: (1) Voyager itself is FDIC-insured; (2) customers who ...
Banks and regulators unable to keep up with speed of crypto
The cryptocurrency sector is moving at breakneck speed compared with banks and regulators in the traditional financial sector. Even hiring crypto experts is a major obstacle, as the best talent is in ...
South Korean Financial Regulators Look Into Suspicious $3.2 Billion Remittances With Crypto Links
– Advertisement – The Korean Financial Supervisory Service (FSS) probes all banks as they investigate suspicious foreign exchange transactions. South Korean news agency Yonhap reveals in a...
Regulators Should Ban Crypto Advertising in Sports
After 10 years at a national PR agency, I was recruited by Burson-Marsteller, a giant international agency. My assignments there included redesigning the fan balloting publicity program for Gillette S...
Italian regulators approve Crypto.com as a crypto service provider
Crypto.com has become the latest cryptocurrency company to receive a regulatory green light in Italy. The exchange already has a solid presence globally, and besides moving into Italy, it recently rec...
Japan regulators argue that the crypto self-regulation experiment has failed
Regulators and authorities in Japan have said that the self-regulation “experiment” for the crypto sector in Japan is not working as expected. The “experiment” under review is the Japan Virtual Curren...
Mike Novogratz Says His Heart Physician Lost $1M in Crypto, Criticizes Regulators For Not Providing Clearer Regulations
– Advertisement – The Galaxy Investment CEO noted that his heart physician suffered huge losses following the crash in crypto prices. Following the massive plunge in cryptocurrency pri...
South Korean Regulators on the hunt for determined Kimchi Premium Traders
A South Korean financial regulator is prepared to go on the hunt for kimchi premium dealers and has vowed to prosecute anyone found guilty. several shrewd traders have attempted to gain from the kimc...
US Democrats Call for Crypto Mining Crackdown in Letter to Regulators
Democrats in Congress have called on two federal agencies to take action on Bitcoin mining, citing increased energy consumption. The senators voiced concerns over the increasing energy usage of the cr...
House, Senate Democrats push regulators to demand data from Bitcoin miners
A group of Congress members including US Sen. Elizabeth Warren and US Rep. Jared Huffman sent a letter to the Department of Energy (DOE) and Environmental Protection Agency (EPA) Friday asking regulat...
Russia Outlaws Crypto Payments, FCA to work With International Regulators, Crypto Market Takes Positive Turn – crypto.news
Putin, the Russian president signs new law banning crypto. The UK FCA calls for collaboration with US watchdogs in creating a crypto regulatory framework. Meanwhile in Paraguay, the senate approved a ...
Californian regulators scrutinizing crypto interest accounts
There are many reasons to use caution with the operation of some crypto-related services and companies. A number of these corporations have raised the eye of the many restrictive agencies in numerous ...
Why California Regulators are Investigating Crypto Companies
The Department of Financial Protection and Innovation (DFPI) of California has initiated an investigation against crypto companies providing interest-bearing accounts. A crypto interest account is gen...
Regulators In California Reviewing Crypto Interest Accounts To Check All Rules Are Met
There are many reasons to be cautious with the operation of some crypto-related services and firms. Some of these companies have raised the attention of many regulatory agencies in different countries...
Financial Regulators In Vermont Join Multistate Investigation Of Embattled Crypto Lender Celsius
– Advertisement – Vermont regulators go after Celsius. In a statement on Tuesday, Vermont’s Department of Financial Regulation reveals that it is joining investigations against Celsius as ...
G20 regulators call for new global rules on cryptocurrencies
The Financial Stability Board (FSB) called for new global rules for cryptocurrencies on Monday, and will submit a report to the G20 Finance Ministers and Central Bank Governors in October on regulator...
Regulators at the G20 Call for New Cryptocurrency Global Rules – crypto.news
The Financial Stability Board monitors and makes recommendations about the global financial system. The body was established by the G20 at its April 2009 Summit in London. Recent Calls and Assignments...
US State Regulators Investigating Crypto Brokerage Voyager, Looking Into Potential Improper Disclosures: Report
Securities regulators from two US states are reportedly looking into embattled crypto brokerage firm Voyager Digital for possibly failing to disclose vital information regarding its loans and creditwo...
US state regulators are increasing scrutiny into Celsius and Voyager: Bloomberg
Securities regulators in Texas and Alabama are expanding their investigations into troubled crypto lending firms Celsius and Voyager, according to a Bloomberg report on Friday. The two states are said...
Crypto-crash a Lesson for Investors- European Regulators Comment
The blockchain industry has consistently strived for a position among other major financial assets and has more or less achieved that status in the past couple of years. But this isn’t essentially tru...