Coinbase UK Faces Record £3.5M Fine for Financial Crime Breaches
The Financial Conduct Authority (FCA) has imposed a £3.5 million ($4.5 million) fine on CB Payments Limited (CBPL), a UK-based
Regulations are the legal and procedural frameworks governments enact to shape many different aspects of digital assets. Regulations may address how digital money is created, bought, sold, and traded.
Cryptocurrency regulations across jurisdictions can range from detailed rules designed to support blockchain users to outright bans on trading them. A high-quality regulatory framework is crucial for achieving mass adoption of cryptocurrencies.
One key benefit of crypto regulation is the increased protection it offers investors. By imposing stricter compliance requirements on cryptocurrency businesses, regulatory oversight can help minimize fraudulent activities, scams, and Ponzi schemes.
It also clarifies tax rules, boosts investor confidence, encourages blockchain innovation, facilitates interoperability, reduces systemic risk, and promotes inclusion.
To get latest changes and amendments in Regulations, visit CryptoTale.
The Financial Conduct Authority (FCA) has imposed a £3.5 million ($4.5 million) fine on CB Payments Limited (CBPL), a UK-based
Revolut, a prominent fintech firm that endorses cryptocurrency trading, has successfully obtained a banking license in the United Kingdom after
India is set to release a discussion paper outlining its policy stance on cryptocurrencies before September, Department of Economic Affairs
Coinbase, the San Francisco-based cryptocurrency exchange, has intensified its legal battle against the United States Securities and Exchange Commission (SEC).
WazirX has announced a $23 million bounty program to recover assets stolen in a recent cyberattack. This initiative, launched by
South Korea’s first crypto regulatory framework is now fully operational. This law was expedited after the collapses of Terra-Luna and
Gemini co-founders Cameron and Tyler Winklevoss each donated $500,000 worth of Bitcoin to John Deaton’s political campaign. Their total contribution
Anatoly Legkodymov, founder of the defunct crypto exchange Bitzlato, will not face additional jail time despite his exchange’s role in
Crypto exchange OKX has announced its decision to cease operations in Nigeria by August 16, 2024, citing local regulatory issues.
Nigerian authorities have recently arrested Linus Williams, a self-proclaimed crypto billionaire widely known as BLord, on allegations involving fraud and
South Korea’s People Power Party has proposed a significant delay in the implementation of cryptocurrency gains taxation, aiming to push
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has released its 2024 National Risk Assessment on Money Laundering, bringing to
© Cryptotale. Blockchain News Media. All Rights Reserved.