Binance Secures Regulatory License in Kazakhstan for Crypto Trading

October 2, 2024 Bitcoin.com

AFSA

Binance Kazakhstan has secured a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority. This approval allows the crypto exchange to operate as a trading platform, broker-dealer, and digital asset custodian. Kazakhstan becomes the first Central Asian country where Binance has regulatory approval, positioning it as a key fintech hub. Binance […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

Binance Confirms Access Restrictions on Sanctioned Russian Users

October 1, 2024 Bitcoin.com

Binance

Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest in our teams and systems to protect our users,” Binance claimed. Binance […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

USDC issuer Circle launches onchain compliance platform

September 24, 2024 Coin Telegraph

Circle

It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.

Circle Internet Financial, the issuer of U.S. Dollar Coin (USDC), has launched a suite of blockchain-based compliance products designed to help “companies build onchain while meeting rigorous demands for compliance,” according to a Sept. 24 social media post by Circle CEO Jeremy Allaire.

The platform, called Compliance Engine, includes transaction screening and monitoring tools to identify suspicious transactions and a service specializing in compliance with Know Your Customer (KYC) requirements such as the United States’ Travel Rule, Allaire said.

“We’ve built up tremendous capabilities in this area over the past decade, and we’re now taking those capabilities and exposing them to developers and operations teams that are building financial applications onchain,” Allaire said.

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

FATF Urges India to Strengthen Virtual Asset Regulation

September 21, 2024 Bitcoin.com

AML

India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

September 18, 2024 Bitcoin.com

SEC Fines Prager Metis .95M Over Negligent FTX Audits

Alameda Research

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

Binance Kazakhstan Receives Formal Consent for Regulatory License

September 7, 2024 Bitcoin.com

AIFC

Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

India’s FIU Considers Approving More Offshore Crypto Exchanges

September 6, 2024 Bitcoin.com

AML

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case

September 3, 2024 Bitcoin.com

Arrest

The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

Kraken Crypto Exchange Operator Fined by Australian Court

August 24, 2024 Bitcoin.com

ASIC

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]

Trump plans to nominate a16z’s Brian Quintenz as CFTC chair

Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

August 24, 2024 Bitcoin.com

Binance

Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard […]

Compliance

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