Crypto payment service Payeer hit with record $10M fine in Lithuania
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.
Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US president was considering changing his position on crypto.
Bitcoin journalist Joe Hall tests Lugano, Switzerland, to see if it truly merits the title of the world’s most crypto-friendly town.
The group hinted at advocating for crypto regulation in Canada and updating the country’s financial system, as residents had an “appetite” for change.
The Supreme Court ended the Chevron doctrine in June — significantly undermining the Securities and Exchange Commission's ability to stand athwart crypto.
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.
Nigeria’s cryptocurrency regulations are currently being updated.
Italy’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamming Bitcoin and Ethereum as “unbacked” cryptocurrencies.
Uniswap Labs argues the SEC’s proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.”
According to BlockBeats, US Treasury Secretary Janet Yellen has denied providing guidance or coordination to the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrency regulation. Yellen made this statement while testifying before the US House Financial Services Committee on July 10.The Treasury Secretary's comments come amid ongoing discussions about the role of various regulatory bodies in overseeing the rapidly evolving digital currency sector. Yellen's statement indicates that she has not been directing or coordinating the actions of the SEC and CFTC, two key regulatory bodies in the US financial system.This news provides insight into the current state of cryptocurrency regulation in the US, highlighting the independence of the SEC and CFTC in their approach to this new financial technology. It also underscores the complexity of the regulatory landscape for cryptocurrencies, with multiple agencies involved and no clear guidance from the Treasury Department.