Coinbase’s CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
Regulations
Indian City of Raipur Puts Real Estate Records on Blockchain With AirChains
Raipur, the capital city of the Indian state of Chhattisgarh, has started bringing building records on blockchain with the help of AirChains, an India based Zero-Knowledge (ZK) roll up.
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation’s junior Home Minister Nityanand Rai said to parliament on Wednesday.
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.
What Does Kamala Harris’ (Presumptive) Nomination Mean for Crypto This Election?
Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States, after President Joe Biden abruptly announced he was withdrawing from the race. With her assent to the top of the party ticket comes questions about how a potential Harris Administration might differ from the Biden Administration’s approach to crypto.
Coinbase Narrows Demand for SEC Chair Gensler’s Crypto Messages
Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge.
2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy
Two more promoters of the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors out of $8.4 million between 2017 and 2021 – have pleaded guilty to their roles in the scheme.
U.S. House Passes Crypto Illicit Finance Bill That’s Likely to be Rebuffed in Senate
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn’t likely to become a law as-is.
Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency
The SEC just gave final approval to ether ETFs. (Nikhilesh De/CoinDesk)
President Biden Announces Decision to Not Seek Reelection (Copy of Letter)
The first portrait of Joe Biden as president of the United States. (The White House)