Wisconsin unveils tracker to fight crypto fraud and investment scams
The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints. Go to Source
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Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from … Read more
Nonprofit criticizes Tether in multimillion-dollar ad campaign
Consumers’ Protection will bring negative aspects of Tether to consumer attention with billboards and TV ads. Go to Source
EU watchdog urges banks to prioritize clients in AI usage
The EU’s top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID. Go to Source
South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency experts serving on its advisory committees. South Korea to Deploy System for Identifying Suspicious Transactions South … Read more
New York finance regulator tightens crypto listing guidance
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS. Go to Source
Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. Go to Source Powered by WPeMatico
Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Go to Source Powered by WPeMatico
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange … Read more
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking … Read more
