In brief Gensler’s text messages between October 18, 2022 to September 6, 2023 are now lost. A 45-day wipe policy and a …
Failures
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The Dubai Virtual Assets Regulatory Authority (VARA) has issued a notice on its website stating that it has fined Morpheus Software Technology …
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Regulation
Paxos pays the price for compliance failures in Binance partnership
by shayaanby shayaanThe New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action …
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Many game developers turned to NFTs to add a new layer of rewards and ownership. Early experiments offered tokens for virtual land, …
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Markets
UK's FCA Seeks Views on Stablecoins, Crypto Custody to Prevent Firm Failures
by shayaanby shayaanThe U.K.’s Financial Conduct Authority (FCA) is seeking additional views on its upcoming stablecoins regime, it said on Wednesday. “In support of …
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Regulation
CFPB Orders Block to Pay $255 Million for “Compliance and Fraud Failures”
by shayaanby shayaanBlock, the parent company of Cash App, has agreed to pay an $80 million fine as part of a settlement with 48 …
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Regulation
Coinbase CEO Brian Armstrong Brands $213,000,000,000 Anti-Money Laundering Regulations As Policy Failures
by shayaanby shayaanCoinbase chief Brian Armstrong says that the US government’s efforts to curb money laundering have been a failure and a misuse of …