Fines News

One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.

The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions, but he was fined for it regardless and for also not declaring a “gift” of the token.

Despite the retraction, the crypto community said the policy is a perfect example of why decentralization and self-custody of funds are so important.

Some pointed out the regulator’s supposed hypocrisy, others told crypto-influencers to lawyer up, while a few poked fun at the reality TV star.

The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands."

Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state.

Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020.

The penalty comes after months of heightened regulatory attention to crypto lending platforms.

MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.

Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years.

Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.

More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions.

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

To ban crypto or to tax, that seems to be the question.

The U.S. Securities and Exchange Commission reaches a settlement with Nebulous, the firm behind the Sia decentralized cloud storage network.