The penalty comes after months of heightened regulatory attention to crypto lending platforms.
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MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.
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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.
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Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.
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More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions.
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South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.
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To ban crypto or to tax, that seems to be the question.
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The U.S. Securities and Exchange Commission reaches a settlement with Nebulous, the firm behind the Sia decentralized cloud storage network.
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The U.S. Securities and Exchange Commission has settled with Block.one for $24 million for conducting an unregistered ICO.
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Blockchain entrepreneur Alex Tapscott has settled with Canadian regulators, and will pay a fine in addition to providing business ethics lectures.
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A traffic fines administrator is doing all she can to get aboard the Bitcoin bus.
23292 Spain passed a law enacting fines of up to US$33,000 for peaceful protest and filming of police.
461Sand Hill Exchange, a venture allowing investors to bet against unlisted tech startups using the blockchain, has been fined US$20,000 by the US Securities and Exchanges Commission (SEC).
587Ripple Labs, Inc. has been handed a US$700K civil enforcement action on behalf on the Financial Crimes Enforcement Network (FinCEN).
1593Council on Foreign Relations describes Bitcoin as ‘the craziest thing since the 1630s’; PayPal fined US$7.7 million for allowing transactions to countries covered by the United States' sanctions policy and more top stories for March 27.
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