News about COMPLIANCE

News about Compliance

Implementing tokenized securities for regulatory compliance

Since they are programmable, tokenized securities enable the implementation of automated compliance rules and the execution of complex financial transactions. Tokeniza...

Here’s what SOC 2 compliance audits mean for crypto projects

While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems. While a series of global i...

Bitcoin Miner Ault Alliance Regains NYSE Compliance

Ault Alliance, Inc., a diversified holding company, has successfully regained compliance with the NYSE American's continued listing standards, according to a statement released by the company. The NYSE American had previously notified Ault Alliance o...

Crypto's Regulatory Challenges: How Regtech Supports Compliance in Digital Assets

The rise of cryptocurrencies and digital assets has shifted the financial industry's worldview. These digital currencies provide up new avenues for investment, cross-border commerce, and decentralized finance. However, in addition to its enormous pot...

UK financial watchdog reminds crypto firms of October deadline for marketing compliance

Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA’s regime. The Uni...

FCA Provides 4 'Legal Routes' for Compliance with Upcoming Crypto Promotion Rules

The UK financial watchdog has said crypto firms in the country will have four “legal routes” through which they can comply with its rules for digital assets promotion coming into force on October 8, 2023. The Financial Conduct Authority (FCA) stated...

Kraken ordered by court to disclose user data to IRS for tax compliance

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SEC Chairman Gary Gensler Faced with Scrutiny Over Compliance with Federal Recordkeeping Requirements

The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is under scrutiny for alleged noncompliance with federal recordkeeping requirements. This issue has sparked controversy in the crypto world due to the potential implicat...

9 key steps for ensuring compliance with incoming MiCA regulations

Crypto companies operating in the EU must begin work now to comply with MiCA and assess how it might affect their global operations. In May 2023, the European Union si...

FTX Sues Ex-Compliance Chief Over 'Hush Money' Payments

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Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate a...

Tether responds to account deactivation controversy, raises compliance checks

Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay. Tether, the company behind market-leading s...

Prometheum: What You Need to Know About the SEC’s Poster Child for Crypto Compliance

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The Binance lawsuit quoted their Chief Compliance Officer: "We are operating as a fking unlicensed securities exchange in the USA bro". They may have told on themselves and the court battle has already taken a bad turn for them

The SEC yesterday filed a lawsuit against Binance. The suit contained many different things from misleading investors, failure to restrict US investors from accessing Binance.com, and mishandling of customer funds among other things. However, t...

Fines and regulation: The ever-growing landscape of crypto compliance

How have the regulatory and legal frameworks governing cryptocurrency fines transformed over the years, and what are the key trends and challenges? It is a goal of ma...

US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas

The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part. The United States Commodity Futures Trading...

German regulators launch inquiry into ChatGPT GDPR compliance

Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR. OpenAI faces another hurdle in its quest to continue doing business in...

Innovate some compliance mechanisms, US Treasury official tells DeFi community

Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance. The United Sta...

Blockchain for Energy Traceability: Reducing Carbon Footprints and Ensuring Compliance

Blockchain technology has made headlines in a variety of industries in recent years, and the energy industry is no exception. Energy traceability is one of the ways blockchain is being used in the energy business. It is possible to reduce carbon foot...

Binance’s CZ refutes CFTC’s claims of improper compliance procedures and trading

Commodity Futures Trading Commission (CFTC) made a surprise lawsuit against Binance. The lawsuit has labelled Bitcoin, Ether, Binance USD, Tether and Litecoin as commodities. CFTC also made allegations of market manipulation and a lack of compliance...

Top 7 legal and compliance jobs in the crypto market

Explore essential skills for top legal and compliance jobs in the crypto market. Cryptocurrencies are a rapidly growing market that is changing how people invest, buy...

Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid

Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if...

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