Japan is moving to shut down crypto-enabled money laundering in real estate while keeping the door open for legitimate Bitcoin and digital asset adoption. Four Japanese agencies issued joint guidance on crypto in property deals KYC and source-of-funds checks are getting stricter for real estate firms Cross-border crypto transfers above 30 million yen trigger reporting […]
Read Full Article
Coinbase Account Freezing Crisis: CEO Brian Armstrong Admits ‘Major Issue’ as Reforms Kick Off Coinbase CEO Brian Armstrong has finally addressed the elephant in the room: account freezing has been a “major issue” at the cryptocurrency exchange for way too long. As a leading centralized platform, Coinbase’s public admission and ongoing reforms signal a push […]
Read Full Article
Coinbase Faces Class-Action Lawsuit in Illinois Over Biometric Data Practices Over 10,000 Coinbase users in Illinois are part of a class-action lawsuit that could cost the company millions due to alleged violations of the state’s strict Biometric Information Privacy Act (BIPA). The lawsuit claims that Coinbase has been collecting and storing facial data during its […]
Read Full Article
Mark Cuban Proposes Registration Form for Memecoins, Igniting Crypto Community Debate Mark Cuban suggests a registration form for memecoins. Crypto community pushes back, citing decentralization concerns. Memecoin market sees 11% drop amidst ongoing volatility. Billionaire investor Mark Cuban, known for his sharp business instincts, has tossed a new idea into the cryptocurrency mix: a registration […]
Read Full Article
Binance Poland to Adjust Deposit and Withdrawal Procedures for EU Compliance Binance Poland users, prepare to channel your inner accountant. Starting January 20, 2025, new rules will make depositing and withdrawing your crypto as fun as filling out a tax return. These changes are part of a broader effort to comply with the European Union’s […]
Read Full Article
Upbit Faces Potential Sanctions in South Korea Amid Regulatory Crackdown Imagine waking up to find your new crypto investments locked away for six months. This could soon be a reality for new Upbit users as South Korea ramps up its regulatory crackdown. Upbit, the largest cryptocurrency exchange in South Korea, is under scrutiny for potential […]
Read Full Article
California Resident Sues Major Banks Over $1 Million Crypto Scam: Alleges KYC and AML Failures A California resident, identified as ‘L.H.’, has filed a lawsuit against six major banks—Bank of America, Capital One, Citibank, JPMorgan Chase, US Bank, and Wells Fargo—over a $1 million “pig butchering” crypto scam. L.H. alleges that the banks’ failure to […]
Read Full Article
DeFi at a Crossroads: Navigating Crypto Regulations and Compliance The future of decentralized finance (DeFi) hangs in the balance as the IRS unleashes a regulatory storm with new rules that could reshape the industry. On December 27, 2024, the IRS dropped a regulatory bombshell by classifying DeFi platforms and front-ends, the user interfaces of these […]
Read Full Article