2021-6-22 18:04 |
Regulators in the US have handed out fines totaling $2. 5 billion in enforcement actions against various crypto projects since Bitcoin's birth in 2009. This is according to a new report from Elliptic titled Sanctions Compliance in Cryptocurrencies. origin »
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Regulators in the United States have imposed fines of $2.5 billion on the cryptocurrency industry since Bitcoin’s founding The post Crypto Industry Has Paid $2.5 Billion in Fines Since Bitcoin Inception appeared first on BeInCrypto.
2021-6-21 20:20 | |
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Reports are emerging that the government in South Korea is mulling a proposal to fine employees of cryptocurrency exchanges for trading in digital assets. The post Korean Crypto Exchange Employees Could Face Heavy Fines for Trading appeared first on BeInCrypto.
2021-6-7 12:09 | |
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Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages.
2021-5-18 15:49 | |
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Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining.
2021-5-17 13:00 | |
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The Iranian government is hardening its stance on cryptocurrency mining as it announces anyone caught using household electricity to do it will face heavy fines. The post Iran to Issue Fines for Crypto Miners Using Household Electricity appeared first on BeInCrypto.
2021-5-16 14:59 | |
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South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.
2021-3-10 13:24 | |
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The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme.
2021-1-11 10:00 | |
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The U. S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.
2021-1-2 20:30 | |
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FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.
2020-10-20 21:23 | |
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The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues.
2020-10-2 22:26 | |
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After introducing an amendment that could see cryptocurrency miners lose all their mining rewards, Russia is once again tightening cryptocurrency regulation. According to a local news release, the Ministry of Finance proposes stricter regulations related to crypto accounts by preparing a package of amendments to the country’s digital asset laws.
2020-9-25 18:08 | |
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Cryptocurrency investors convicted in Russia for failing to declare their wallet details could face up to three years in jail, we can reveal today. They will also be liable to pay hefty fines as part of the punishment for breaching the new law proposed by the country’s finance ministry.
2020-9-26 17:53 | |
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Abra cryptocurrency app has been charged by two U. S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines.
2020-7-15 00:17 | |
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The United States Securities and Exchanges Commission (SEC) has fined Abra, a bitcoin and crypto wallet, for failing to register. They say: “Abra developed and owns an app that enabled...
2020-7-15 17:38 | |
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The crypto landscape in Russia may soon be facing harsh laws as authorities have proposed new draft bills that seek to fine and imprison the illegal use of cryptocurrencies in the country. Crypto Violations Attract $28,000 Fine and 7 Years Imprisonment According to a report by the local news outlet RBC on Thursday (May 21,Read MoreRead More.
2020-5-23 16:00 | |
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Crypto exchanges based in Brazil face huge fines or being shut down
2020-2-18 09:54 | |
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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-16 06:30 | |
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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-15 06:30 | |
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While no one would deny the crypto sector has its fair share of ne'er do wells and general malfeasance, it was trusted legacy brands that stood out during the year for the sheer scale of their transgressions and related fines
2020-1-4 14:01 | |
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The tax authority of Brazil fines taxpayers who fail to declare their Bitcoin and crypto transactions
2019-12-7 01:40 | |
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Following charges by the Security Exchange Commission, three Crypto startup companies Airfox, Paragon Coin Inc. , and Gladius Network LLC, which collectively raised $40 million from investors during the Initial Coin Offering in 2017 have breached the agreement by not meeting the repayment deadlines.
2019-11-16 17:52 | |
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The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering.
2019-10-2 22:05 | |
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The Australian Taxation Office (ATO) is officially starting to go after crypto traders who did not pay their taxes this year. According to the office, people who did not file for their crypto earnings are expected to pay $3 billion AUD in fines.
2019-10-1 22:39 | |
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Four promoters of crypto-denominated chain-referral scams are ordered to pay fines totaling less than $500,000.
2019-8-24 16:00 | |
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After two years, a much-hyped consortium of bankers and legislators has proposed that the Indian government completely ban public cryptocurrencies (like Bitcoin). Newsflash: Indian Regulators Officially Propose Total Cryptocurrency Ban https://t.
2019-7-24 12:22 | |
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An ex-Merrill Lynch worker who operated an undisclosed cryptocurrency mining scheme must pay $5,000 to FINRA
2019-6-14 14:21 | |
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U.S. self-regulatory organization FINRA has fined and suspended an investment adviser over undeclared cryptocurrency mining activities.
2019-6-13 13:10 | |
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The U. S. Financial Industries Regulatory Authority (FINRA) has fined and suspended a former Merrill Lynch representative for cryptocurrency mining. The undeclared outside business activity is also what lost Kyung Soo Kim his job.
2019-6-13 11:15 | |
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Lack of Regulatory Clarity Regarding Use of Cryptos Vladimir’s latest order looks a lot like the order he made regarding cryptocurrency regulation last year. According to the latest orders, the Russian Duma is being urged to introduce administrative penalties for crypto miners who mine virtual currencies through open blockchains, the Chairman of the State Duma […]
2019-6-12 03:27 | |
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Russia’s parliament is considering imposing administrative responsibility for crypto mining on open blockchains, including fines for the organization and issuance of crypto
2019-6-11 14:35 | |
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In what is being called a first, the Financial Crimes Enforcement Network has fined Eric Powers of California $35,000 for operating an illegal bitcoin exchange, failing to register as a money transmitter, and not filing currency transaction reports.
2019-4-20 17:20 | |
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Banks are usually the first institutions to claim that Bitcoin (BTC) and digital assets are used by criminals to launder money or process illegal transactions. However, banks have also paid large sums of money in fines since the financial crisis in 2008.
2019-3-29 00:53 | |
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The common narrative among the regulators and mainstream media is that Bitcoin makes it easy for the criminals to launder money. But the real picture is something else entirely. If we take a look at the fines paid by the banking giants all over the world, the total market cap of the cryptocurrency market would […]
2019-3-27 16:48 | |
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1pool Ltd. , an international securities dealer, is facing fines of almost a million dollars after being discovered by an FBI agent to be running an illegal Bitcoin operation, the CTFC announced On March 11, 2019.
2019-3-13 22:00 | |
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On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme.
2019-3-9 04:30 | |
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With a new capital markets law, Malaysia declares any and all cryptocurrencies to be securities — and promises heavy fines and 10-year jail terms for breaches of its regulations
2019-1-19 15:00 | |
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Running an unregistered crypto exchange or an initial coin offering (ICO) in Malaysia could land the operator in jail for a maximum of 10 years. $2. 43 Million in Fines Securities Commission Malaysia (SC), the country’s top financial watchdog, has announced that it would categorize cryptocurrencies such as Bitcoin as securities.
2019-1-17 19:33 | |
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One of the biggest criticisms of crypto-based businesses has been weak AML procedures. Ironically, the ones who raise these concerns, large financial organizations are the ones who have been lax in doing the same.
2019-1-5 19:09 | |
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Crypto participants continue to admire the tenacity (and audacity) of the legacy banking industry, which has accumulated fines exceeding $243 billion over the last decade. In the latest instance of no-wrongdoing-admitted, two major Wall Street banks have received a one-two punch from regulators, agreeing to pay stiff fines for lapses in AML procedures and trading […] The post Crypto Shrugs As JPMorgan Gets Schooled By SEC Yet Again appeared first on Crypto Briefing.
2018-12-28 21:23 | |
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U. K. -based startup Trustology, which develops storage solutions for digital assets, has raised $8 million in funding and we’ve got the news in this edition of The Daily. We also look at the SEC’s decision to fine another crypto company for breaching U.
2018-12-9 15:30 | |
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The SEC has issued a cease-and-desist order against CoinAlpha after it offered unregistered securities.
2018-12-7 20:30 | |
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The impassioned crypto community on Twitter, specifically prominent commentators and analysts, took up arms over the weekend, as the U. S. Securities and Exchange Commission (SEC)’s indictment of DJ Khaled and Floyd Mayweather became an industry flavor of the month.
2018-12-3 11:00 | |
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On November 27, 2018, a California judge turned back the SEC’s request for an injunction against token company BlockVest, a company the U. S. Securities and Exchange Commission (SEC) is pursuing for allegedly conducting an unregistered securities offering.
2018-12-1 22:36 | |
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The U. S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors.
2018-11-13 22:55 | |
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A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.
2018-11-12 13:10 | |
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The crypto market may have stagnated, but this industry’s innovators have continued to incessantly beat the “BUIDL” drum, as pro-crypto developments were as present as ever throughout the past week.
2018-11-11 14:00 | |
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On October 18, the U. S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2. 5 million in fines and restitution for running a Bitcoin Ponzi scheme.
2018-10-22 09:00 | |
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A bill that seeks to create a task force to combat the use of cryptocurrency in financing terrorism has just passed the House of Representatives. House Resolution 5036 (H.
2018-9-28 01:12 | |
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For their misconducts, US and European regulators are imposing heavy fines on global banks. Solid research findings indicate that fines could top $400 billion by 2020 according to reports by Quinlan and Associates.
2018-9-26 16:30 | |
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The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022.
One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt.
Democratic Senator Elizabeth Warren, a crypto skeptic, again criticized cryptocurrencies, saying they are not the path to financial equality. “The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars.
Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.
The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.
The Senate of Paraguay has passed a bill that will regulate the trading and mining of cryptocurrencies in the country. Paraguayan Senator Fernando Silva Facetti, one of the three authors of the bill, confirmed this on Twitter, saying Paraguay’s Chamber of Deputies will discuss the bill next year.
While Russian President Vladimir Putin supports crypto as a means of payment, the country’s central bank remains skeptical about them. “We are advocating for Russia’s financial infrastructure not to be used for investments into cryptocurrencies, and this is possible to implement,” Governor Elvira Nabiullina told a briefing on Friday.