Search Results for "compliance"
SEC Charges Titan Global Capital Management for Misleading Advertisements and Compliance Failures
On Aug 21, 2023, the SEC charged Titan Global Capital Management for misleading ads and compliance failures. Titan advertised a 2,700% annualized return, omitting key details. They'll pay $1.04M in penalties and disgorgement.
CipherTrace Unveils New Compliance Software For Banks Against Illicit Crypto Transactions
CipherTrace launches Armada to fix the blind spot in cryptocurrency compliance
Gemini Allocates $24 Million for Expansion in India
Gemini is set to invest $24 million in its Gurgaon development center in India, focusing on core platform areas like compliance and security. The move is part of Gemini's broader strategy to tap into India's burgeoning tech and startup ecosystem.
Crypto Miner HIVE Requested for Resubmission of Form 40-F
Hive Blockchain Technologies Ltd said it received a letter from Nasdaq, requesting that the company renew its annual report on Form 40-F due to delays in filing submit plans to meet exchange listing compliance.
South Korea Probes OKX for Unregistered Operations
South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.
South Korean Gaming Giant Wemade Faces $41 Million Tax Bill for Crypto Operations
South Korean gaming firm Wemade faces a $41 million tax bill for its crypto operations, highlighting the complexities of regulatory compliance in the blockchain gaming industry.
Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown
HKVAEX, a Hong Kong-based cryptocurrency exchange, has initiated a phased suspension of their services, leading to a complete shutdown by May 1, 2024.
CoinDCX Suspends Deposits and Withdrawals, Citing Compliance Requirements
CoinDCX has suspended withdrawals. The exchange said compliance, risk and monitoring requirements necessitated the decision. All users are expected to follow an enhanced due diligence process to enable crypto deposits and withdrawals.
R3 Highlights the Transformative Potential of Tokenization in Finance
R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.
Bitget Registers as a Service Provider in Lithuania
Bitget has registered as a service provider in Lithuania after meeting compliance standards with regional laws and regulations. Lithuania is an emerging digital asset market and a popular location for cryptocurrency and blockchain projects.
Renault Deploys Blockchain for Vehicle Compliance Certification from Design to Production
Renault, a leading French automobile manufacturer, has established the XCEED blockchain system to ensure compliance of all car parts from design to production.
US Federal Prosecutors Investigate Block Inc. for Compliance Violations
US federal prosecutors are conducting an investigation into Block Inc., the fintech company founded by Twitter co-founder Jack Dorsey. The investigation follows allegations of compliance violations at Block's payment arms, Square and Cash App. A whistleblower has provided documents showing that Block processed transactions for users in countries subject to economic sanctions and facilitated crypto transactions for terrorist groups. The company is accused of failing to address these breaches despite being alerted to them.