USA crypto
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Binance and CZ Settle with the DOJ and Other Federal Agencies
Read More: Binance and CZ Settle with the DOJ and Other Federal AgenciesOn November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency exchange, and its Chief Operating Officer, Changpeng Zhao (CZ). The settlement concerned a variety…
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Draft Crypto Bill Promises Potential Regulatory Clarity At Last
Read More: Draft Crypto Bill Promises Potential Regulatory Clarity At LastOn Friday, June 2, Republican lawmakers Patrick McHenry, R-N.C., and Glen Thompson, R-Pa., introduced a discussion draft of long overdue legislation providing a statutory framework for digital asset regulation, attempting to provide greater clarity and consumer protection in the digital asset industry.
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Money Transmitter Licensing for U.S. Crypto Companies
Read More: Money Transmitter Licensing for U.S. Crypto CompaniesIf you’re a U.S. business that deals with cryptocurrencies on a frequent basis, you’re most likely familiar with the legal concepts “money service business” (MSB) and “money transmitter”. If not, you’re potentially opening yourself up for a world of hurt by not complying with federal and state anti-money laundering (AML) regulations.
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Cayman Islands Adopts Crypto Regulatory Framework for ICOs and Exchanges
Read More: Cayman Islands Adopts Crypto Regulatory Framework for ICOs and ExchangesThe Cayman Islands’ recently passed cryptocurrency regulatory framework of 5 laws requires virtual asset service providers (VASP) like exchanges and ICOs to register for a VASP or sandbox license.