Terror victims claim DOJ withholding their cut of $4.3B Binance penalty
Four people who are victims or family of victims of state terrorism sued the Justice Department claiming it hasn’t put the billions from Binance’s settlement into a victim fund.
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FTX’s Bankman-Fried could ‘conceivably’ get bail revoked, says judge
A federal judge said there was "probable cause" to believe that SBF engaged in activities that could land him in jail. 154 Total views 1 Total shares Own this piece of history Collect this article as an NFTFormer FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was…

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws
Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11.Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other…

Mexico confirms plans to roll out CBDCs in 2024
New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive. 349 Total views 41 Total shares Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that…

FTX fiasco means coming consequences for crypto in Washington DC
On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of FTX to call for more regulation of the crypto industry. “The most…

Nigeria urged to adopt crypto regulations inspired by Europe
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.

Bitwise to Launch Another Crypto Exchange-Traded Product
Crypto asset manager Bitwise has partnered with Swiss fintech startup Amun AG to launch another multi-crypto-based exchange-traded product (ETP), according to a press release on June 26.Bitwise’s index calculation subsidiary, Bitwise Index Services, has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG to bring a diversified crypto ETP, the announcement says.The…

Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession
Recent research from major financial institutions tied to the Federal Reserve sees the U.S. facing a “shallow” or “mild” recession in 2023. 317 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe United States economy could be in for an upset. Data from a Wall Street Journal survey revealed…

Indian government looking to crack down on crypto scams with proposed ban: Cashaa CEO
Kumar Gaurav said "there is no way any government" can outright ban crypto given its nature as a global and decentralized system. 3152 Total views 14 Total shares Kumar Gaurav, founder and CEO of cryptocurrency exchange Cashaa, believes the Indian government’s latest efforts to regulate digital currencies are more of an attempt to prevent illicit…