Tag: Compliance
SEC Sues Silvergate Bank for Misleading Statements on AML Program
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Silvergate Capital Corporation, the parent company of Silvergate Bank, for allegedly not meeting Bank Secrecy Act/anti-money laundering regulations. The SEC also named...
Navigating Regulatory Changes: How to Plan Ahead for Success
As the United States moves closer to election day, uncertainty continues to cloud the regulatory landscape for digital assets. The upcoming year 2025 is anticipated to bring about regulatory changes that investors need to...
Kamala Harris: Impact on Crypto Regulation & Clean Slate Opportunity
What a whirlwind of events in the political landscape. After President Biden's announcement not to seek re-election and Vice President Kamala Harris emerging as the presumptive nominee for Democrats, the focus shifted to how...
Establishing the Blockchain Security Standards Council: Kraken and Industry Leaders Collaborate
Kraken, along with other key players in the industry, has taken a significant step towards enhancing security within the crypto sector by co-founding the Blockchain Security Standards Council (BSSC). The non-profit organization aims to...
Nigeria’s New Crypto Regulations: Local Offices and Leadership Requirements for Licensing
The Securities and Exchange Commission (SEC) of Nigeria has recently introduced new regulations for Virtual Asset Service Providers (VASPs) operating in the country. These regulations aim to ensure closer regulatory supervision and support for...
Cardano’s Eco-Friendly Metrics for MiCA Compliance: A Step Towards Sustainability
Cardano recently introduced new eco-friendly metrics to comply with the MiCA regulations in Europe. This move comes as the second phase of MiCA implementation for crypto asset providers is set to begin in six...
Silvergate Settles SEC Lawsuit for $50M; Faces $63M Fine from Fed and California Regulator
Silvergate Capital recently settled a lawsuit with the SEC for $50 million, while facing additional fines of $63 million from the Federal Reserve and the California Department of Financial Protection and Innovation. The SEC...
SEC Concludes Investigation into ConsenSys, No Legal Action Taken
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into ConsenSys, a prominent technology incubator company known for products like the MetaMask wallet. The SEC informed ConsenSys' lawyers that it is not...
Fireblocks Enhances Crypto Custody Services with ‘One-Click’ Audits and Tax Reporting
Fireblocks, a cryptocurrency custody firm, has announced a new partnership with Tres, a startup specializing in accounting, auditing, and tax reporting for digital assets. This collaboration will enable Fireblocks' clients to easily generate audit-ready...
Meta halts European AI assistant launch over regulatory issuesMeta delays AI assistant launch in...
Meta's plans to launch its AI assistant in Europe have been put on hold due to regulatory issues raised by the Irish Data Protection Commission (DPC). The DPC requested Meta to delay the training...
