Compliance
Articles
UK's FCA Raids Eight London Locations Over Illegal P2P Crypto Trading
The UK's Financial Conduct Authority conducted raids at eight London locations suspected of unlicensed P2P cryptocurrency trading, issuing immediate cease-and-desist orders.
Russia Approves Criminal Penalties for Unlicensed Crypto Operations: What It Means for the Market
Russia's government commission has approved criminal liability for unauthorized cryptocurrency operations, with penalties up to 7 years in prison. Experts assess the impact on exchanges and the broader market.
Iran's Bitcoin Toll Scheme for Strait of Hormuz Deemed 'Virtually Unworkable' by Analysts
Experts say Iran's plan to collect cryptocurrency payments for passage through the Strait of Hormuz is nearly impossible via legal channels, despite the country's $7.8 billion crypto infrastructure.
ZachXBT Accuses Circle of Delays in Freezing $420M in Illicit USDC Funds
Blockchain investigator ZachXBT published a detailed report documenting 15 cases since 2022 where Circle failed to promptly freeze illicit USDC funds totaling over $420 million.
Coinbase Receives Conditional OCC Approval to Establish National Trust Company
The Office of the Comptroller of the Currency has granted Coinbase conditional approval to charter Coinbase National Trust Company, placing the exchange under direct federal oversight.
US Treasury Launches GENIUS Act Implementation with 60-Day Comment Period
The US Treasury has published an 87-page guidance document on GENIUS Act implementation and opened a 60-day public comment period for stablecoin market participants.
Australia Passes Landmark Law Requiring Crypto Exchanges to Obtain Licenses
Australia's parliament has approved the country's first comprehensive digital asset regulation. Crypto exchanges and custodial services must now obtain financial services licenses overseen by ASIC.
Solana Foundation Unveils Multi-Layered Privacy Framework Targeting Institutional Adoption
Solana Foundation has published an enterprise report outlining four privacy modes — from pseudonymity to fully private computing — with compliance frameworks at every level.
Ukraine Develops Framework for Crypto Use in Political Campaign Financing
Ukraine's securities regulator NSSMC outlined key approaches to regulating virtual assets in political financing, including Travel Rule implementation and restrictions on Russian-linked capital.
Binance Publishes Detailed Breakdown of Iran-Linked Transfer Allegations
Binance released a comprehensive report addressing accusations of routing $1.7 billion to Iranian entities, revealing the multi-layered fund flow and rebutting key media claims.
Court Dismisses Terrorism Financing Lawsuit Against Binance by 535 Plaintiffs
A federal judge in Manhattan dismissed a civil lawsuit filed by 535 plaintiffs alleging that Binance facilitated 64 terrorist attacks worldwide. The court found no evidence of knowing involvement by the defendants.
South Korea Plans to Cap Crypto Exchange Shareholder Stakes at 20%
South Korean regulators have agreed on a plan to force majority shareholders of cryptocurrency exchanges to reduce their holdings to 20%. The rule would primarily affect Upbit, Bithumb, and other major platforms.
11 US Senators Demand Binance Sanctions Compliance Probe
Led by Elizabeth Warren, 11 senators push for a federal probe into Binance's sanctions compliance and its 2023 settlement terms. Here's what's at stake.
Tether Has Frozen $4.2 Billion in Illicit Funds Through Law Enforcement Cooperation
The issuer of the world's largest stablecoin USDT revealed it has cumulatively blocked $4.2 billion in assets tied to criminal activity, working alongside agencies from over 60 countries.
Binance Leadership Rejects Allegations of $1.7B in Transfers to Iranian Entities
Binance co-CEO Richard Teng and Chief Compliance Officer Noah Perlman released a video statement denying media reports that the exchange facilitated $1.7 billion in transfers to Iran-linked accounts and fired investigators who flagged the issue.
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