Topic
Cryptocurrency Exchanges
31 published works
Canadian Lawyer Mag
Coinbase becomes first international crypto exchange registered in Canada
Coinbase secures dealer registration, marking a milestone in Canadian crypto regulation and trust
Whistleblower Law Collaborative Blog and News
Binance Pleads Guilty and Will Pay $4 Billion Settlement
The U.S. Attorney’s Office for the Western District of Washington announced that Binance Holdings Ltd. (Binance) and its principal, Changpeng Zhao (Zhao), pleaded guilty to multiple charges including operating an…
Consumer Financial Services Law Monitor
Inside Look: The SEC’s Enforcement Action Against Cryptocurrency Exchange Kraken
By Ethan G. Ostroff, Michael S. Lowe, Matthew Orso, Addison Morgan
On November 20, the Securities and Exchange Commission (SEC) instituted a civil enforcement action against Kraken, a major U.S. cryptocurrency exchange. The SEC alleged Kraken operated as an unregistered broker,…
Global Regulation Tomorrow
Australia proposes regulatory framework for crypto exchanges and other digital asset platforms
By Jeremy Wickens, Etelka Bogardi (HK), James Morris (AU), Stephen Lee, Timothy Chan (AU), Nina Stammbach
On 16 October 2023 the Australian Federal Treasury released its public consultation paper regarding the proposed regulatory regime for digital asset platforms. The proposed framework highlights the Australian Government’s intention…
Sentencing Law and Policy
Friday funnies?: Turkish court imposes sentence of 11,196 years in prison!
I surmise that any number of things associated with cryptocurrencies, including lots of numbers, are unbelievable. But this Bloomberg story, headlined "Boss of Failed Crypto Exchange Gets 11,000-Year Sentence," has…
Shufti Pro Blog
Crypto Exchange BKEX Freezes Withdrawals Under Money Laundering Investigation
BKEX withdrawals were suspended after funds on its platform were used to launder money, according to the statement released on May 29th. It is reported that BKEX is working with…
The Blockchain Monitor
US Crypto Exchange Consents to $100M DFS Settlement for AML Compliance Failures
On January 4, 2023, the New York State Department of Financial Services (“DFS”) announced that Coinbase, Inc., a major U.S. cryptocurrency exchange, will pay a $50 million penalty and invest…
Shufti Pro Blog
FinCEN Pinpoints Bitzlato as “Primary Money Laundering Concern”
FinCEN recognises Bitzlato Limited, a Hong-kong based virtual crypto exchange network, as a primary money laundering concern supporting Russian illicit Finance. The US Department of Treasury’s FinCEN (Financial Crimes Enforcement…
Shufti Pro Blog
US Attorneys Probe into Binance Money Laundering Violations
US federal prosecutors have reportedly issued subpoenas to several hedge funds connected with Binance Global, the world’s largest cryptocurrency exchange. The US federal prosecutions investigate the connection of the global…
Consumer Financial Services Law Monitor
Bankruptcy Filings Among Crypto Exchanges: Is This a Sign of the Future?
By Deborah Kovsky-Apap, Ethan G. Ostroff
In this episode of The Crypto Exchange, Troutman Pepper Consumer Financial Services Partner Ethan Ostroff welcomes back Deborah Kovsky-Apap to discuss the recent FTX bankruptcy and other bankruptcy-related developments in…