FDIC issues cease and desist letter to FTX US over misleading statements
FDIC sent the cease and desist letter to five companies, including FTX US and mentioned alleged misleading tweets from FTX US president Brett Harrison. The agency wants the crypto company…
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US Federal Reserve
Fed tells banks to pay attention to legal aspects before jumping into crypto
The Federal Reserve Board wants to see banks take time to understand the cryptocurrency space first before diving in. The US Federal Reserve Board has warned banks looking to engage…
FCA’s new rules on marketing of high-risk investments don’t currently apply to crypto
The Financial Conduct Authority (FCA), UK’s financial regulator, has announced a clampdown on the marketing of high-risk investments amid the need to make sure investors are not hoodwinked into high…
Kraken is under investigation over sanctions violations: report
Kraken is allegedly being investigated over violation of US sanctions on Iran, sources said in a report published by the New York Times. US-based cryptocurrency Kraken is reportedly under federal…
Binance fined €3.3M by Dutch Central Bank over unlicensed operations
Crypto exchange Binance has reportedly been fined €3.3 million (£2.8 million) for operating in the Netherlands without the requisite regulatory authorization. According to a press release published on Monday, the…
US Treasury calls for international cooperation on crypto regulation
The US Treasury wants to see a little more close cooperation between various global regulators on the topic of cryptocurrency regulation. The department, whose commentary on the need for international…
