UK’s FCA Takes Legal Action Against Unlawful Crypto ATM Operators
According to the UK FCA, no operator of cryptocurrency ATMs had registered with it, making their operations unlawful in the nation.
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FBI and Ukraine Take Down 9 Crypto Exchanges Linked to Ransomware Payments
The FBI and Ukrainian law enforcement have taken down nine cryptocurrency trading websites that assisted in money laundering.
Coinbase Unveils New International Exchange Amidst SEC’s Crypto Crackdown in the US
Coinbase is forging forward with a worldwide derivatives platform as the cryptocurrency industry faces legal obstacles in the United States.
White House Advisors Renew Call for 30% Tax on Crypto Mining
Council of Economic Advisors of the White House claimed that U.S. President Joe Biden wants to impose a punitive tax on cryptocurrency mining companies.
Privacy Concerns Raised as Coinbase Accused of Biometric Data Collection
According to an intended class-action complaint, Coinbase collected and stored client fingerprint and facial template data, violating Illinois' biometric privacy regulations.
Gemini Announces Meditation Agreement with Genesis and Creditors’ Committee
As its bankruptcy proceedings approach the four-month mark, Genesis begins a 30-day meditation with its significant creditors.
JP Morgan to Acquire First Republic Bank’s Assets, After Seizure by Regulators
First Republic Bank has been seized, and an agreement has been reached to sell the bank to JPMorgan Chase & Co.
Paypal Subsidiary Venmo to Offer Fiat-to-Crypto Payments in May
A QR code or external crypto address will be another way for users of the mobile payment service to obtain cryptocurrency.
SEC imposes a $3.9 million fine on Up Global and Coinme for offering misleading crypto tokens
The most recent SEC filing also included the names of UpGlobal and Coinme founders and CEOs.
FDIC Points to Mismanagement and Risky Crypto Deposits for Signature Bank’s Failure
As per the FDIC, inadequate risk management procedures and poor management were the main contributors to the failure of SBNY.