1 year ago
Bitcoin.com News reported this week that starring crypto speech Binance volition settee with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known look of the exchange, and erstwhile CEO, Changpeng “CZ” Zhao, has stepped down arsenic portion of the plea deal. In different news, the U.S. Securities and Exchange Commission (SEC) has erstwhile again named crypto assets which it views arsenic securities. This and much conscionable below, successful the latest Bitcoin.com News Week successful Review.
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down arsenic Part of Plea Deal
The United States Department of Justice (DOJ) has revealed a landmark colony involving Binance, the world’s largest crypto speech by trading volume. Under the agreement, Binance volition wage $4.3 cardinal to settee with the instrumentality enforcement authority. This important improvement was disclosed during a DOJ property briefing connected cryptocurrency enforcement, which took spot astatine 3:36 p.m. Eastern Time (ET) connected Tuesday.
SEC Identifies 16 Crypto Tokens arsenic Securities successful Kraken Lawsuit
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens arsenic securities successful its suit against cryptocurrency speech Kraken. Some of the alleged crypto securities were the aforesaid arsenic those highlighted successful the SEC’s lawsuits against Coinbase and Binance. Kraken’s CEO stressed: “We powerfully disagree with the SEC claims, basal steadfast successful our presumption that we bash not database securities, and program to vigorously support our position.”
Bitcoin Mining Pool F2pool Acknowledges OFAC Transaction Censorship; Backpedals After Community Backlash
F2Pool, a Bitcoin mining pool, has admitted to filtering transactions coming from Bitcoin addresses flagged by the Office of Foreign Assets Control (OFAC). After the concern was discovered by 0xB10C, a Bitcoin developer, F2pool co-founder Chun Wang acknowledged that his excavation was so applying this filter, announcing it would driblet the censorship until determination was statement successful the assemblage connected the issue.
Tether Freezes $225 Million successful USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’
Tether has announced the “largest-ever frost of USDT successful history.” In collaboration with crypto speech Okx, Tether froze $225 cardinal successful USDT pursuing an probe by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an planetary quality trafficking syndicate successful Southeast Asia liable for a planetary “pig butchering” crypto scam.
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