The US Comptroller of the Currency rolls out a proposal that aims to end discriminatory measures against those companies and institutions which are dealing with cryptocurrency. Since the start of 2020, crypto-related businesses have faced many legal difficulties that are put forward by the US-based regulators. In order to contain such practices against crypto businesses, […]
According to a leaked document, cryptocurrency exchange Binance launched its subsidiary in the United States to distract the US regulatory authorities. As per the Forbes’ leaked document, Binance rolled out a subsidiary, Binance.US, in 2018 in order to evade US regulations. The report claims Binance employed a “bait and switch” strategy in order to avoid […]
The United States is introducing new financial laws which are also applicable to digital currencies. To curb money laundering, the US regulators have proposed an amendment in the Bank Secrecy Act, which make it a requirement to collect details about transactions, which are above $250. The US regulators also include digital currencies in the upcoming […]
The Commodity Futures Trading Commission has charged leading crypto derivatives exchange BitMEX for running an unregulated exchange and violation of CFTC’s policies. Civil Enforcement Action against BitMEX CFTC has filed a civil enforcement action in the US District of New York against five entities and three owners of BitMEX. “Among those charged are company owners […]
The US Commodity Futures Trading Commission (CFTC) has charged a foreign trading company with offering unlawful leveraged transactions in Bitcoin, Ether, and Litecoin. Civil Enforcement Action against Company CFTC has a “civil enforcement action” in the US court against trading site PaxForex of Laino Group Limited. According to the Commodity Futures Trading Commission, the company […]
The leaked documents of the U.S. Financial Crimes Enforcement Network (FinCEN) unveiled many untold truths about the watchdog and the world major banks. Leaked Documents of SARs The rules and regulations designed by FinCEN are not sufficient to counter illicit activities, such as money laundering. And the most interesting thing is that the world top […]
It’s a question we hear a lot at MyChargeBack. We’re an international fund recovery firm, headquartered in New York that has retrieved millions of dollars for victims of online binary options, forex and CFD scams. In fact, the truth is more complicated than the reality seems to be. Indeed, certain governments and international institutions have […]
Britain’s separation from Europe might trigger a problem for firms regulated by CySEC Before Britons voted tremendously in preference of a Brexit, the political leaders comprehended the significance of one market. Britain was strongly established in the European Union and a comprehensive policy concerning control and regulation of firms by numerous European regulatory authorities may […]
