Regulation
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Billion-Dollar Bank Prepares for $450,000,000 Fine From US Government for Failing To Effectively Detect, Report, and Respond to Suspicious Activity
Banking giant Toronto Dominion (TD) is preparing to pay nearly half a billion dollars in penalties over an inadequate anti-money…
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DOJ Appoints Consulting Firm for Three-Year Monitoring Role of Crypto Exchange Binance: Report
The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for…
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Mark Cuban Blasts Gary Gensler, Says SEC Chair Has Not Protected Single Crypto Investor Against Fraud
Billionaire Mark Cuban is calling out the chair of the U.S. Securities and Exchange Commission (SEC), saying that the regulatory…
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US Treasury Accused of Spying on Americans’ Bank Transactions in Secret Surveillance Program As Secretary Yellen Confirms ‘Communications Took Place’
US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions…
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Kraken Asks Court To Dismiss SEC Claims Alleging the Crypto Exchange Operated As Unregistered Securities Broker
The crypto exchange Kraken is pushing back against claims made by the U.S. Securities and Exchange Commission (SEC). In November,…
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Wells Fargo Employee Sanctioned After Allegedly Stealing Funds From Customers, Refusing To Cooperate With Investigation
The Financial Industry Regulatory Authority (FINRA) is barring a former Wells Fargo broker who’s accused of stealing funds from clients.…
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Stand With Crypto Unveils Political Action Committee (PAC) To Support Digital Asset-Friendly Candidates: Report
A nonprofit digital asset advocacy group backed by crypto exchange Coinbase is reportedly launching a Political Action Committee (PAC) to…
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India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report
A financial regulator in India is reportedly approving crypto exchange platforms Binance and Kucoin for business within the nation after…
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Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing
US banking giant Wells Fargo is now holding a spot Bitcoin ETF on behalf of its clients, according to a…
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IMF backs crypto to solve Nigeria’s forex issues despite local crackdown
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto…
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